Stocks Falter Again, Bruised Dollar Seeks To End Losing Streak – Investing.com

Stocks Falter Again, Bruised Dollar Seeks To End Losing Streak – Investing.com

Regulatory crackdowns in China, ongoing concerns about the Delta variant and warnings of slower earnings growth ahead all came to a head this week when it was meant to be all about the Fed. Instead, the Fed’s snail-paced approach to debating QE withdrawal has put taper fears on the back burner, while new risks have emerged.

Stocks in China were back in the red on Friday as the damage inflicted on investor confidence by the recent clampdowns on private enterprises by Chinese authorities appears to run a bit deeper than initially feared. Regulators had managed to temporarily calm the market panic yesterday, but it seems that their reassurances that the crackdowns were a one-off and won’t be widened to further industries didn’t go far enough.