News Snapshot:
© Reuters By Geoffrey Smith Investing.com — Risk-off sentiment pervades global markets as Jerome Powell nails on a 50 basis point rate hike in May. The dollar surges against the pound and the yuan, in particular, as rate hike bets intensify. Oil prices tumble on growing fears about the impact of China’s Zero-COVID policy on national demand. Russia signals it intends to completely dismember Ukraine. Gap stock tumbles after a profit warning and AB InBev is also struggling after confirming a $1 billion hit from exiting its Russia business. Verizon, Amex, and Schlumberger head the list of quarterly reports due....
