Stocks fall due to concerns about inflation and growth.


Source: washingtonnewsday.com washingtonnewsday.com

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On Friday, US and European equities mainly declined as fears of inflation and growth snuffed out a surge fueled by hopes of a de-escalation in US-China hostilities. Asian equities soared after news that the leaders of the world’s two largest economies, US President Joe Biden and Chinese President Xi Jinping, had spoken for the first time in seven months. Stocks in Europe and the United States initially followed suit, but later retreated due to concerns about inflation and the pandemic’s prolonged influence on economic recovery. The news that the UK economy slowed dramatically in July, increasing by only 0.1 percent,...