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Central banks raised interest rates this week to try and fight inflation. Stocks do not like this one bit. Germany is asking its citizens to conserve energy as russia continues to shut off the taps. europe is dealing with a new wave of covet hospitalizations as omacron sub variance search.

Stocks fall following rate rises in the US, UK and Switzerland and Russia restricts gas flow to Germany, and Covid hospitalisations are up in Europe.

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Mentioned in this podcast:

Wall Street stocks tumble as UK and Switzerland follow Fed with rate rises

Germans told to conserve energy as Russia cuts gas flows to Europe

Covid hospitalisations rise in Europe as sub-variants fuel new wave

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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