Financial TimesFinancial Times

Global stocks record longest weekly losing streak since 2008 crisis

By Nicholas Megaw, Eric Platt and Joe Rennison in New York and Naomi Rovnick in London

13 May 2022 · 3 min read

Global stocks sank for a sixth consecutive week as the threat of a US recession added to the fears of investors who were grappling with rampant inflation, coronavirus lockdowns in China and Russia’s invasion of Ukraine.

The FTSE All-World index is on its longest weekly losing streak since the middle of 2008, equalling in duration the decline before the subprime mortgage crisis led to the catastrophic collapse of Lehman Brothers. A late bounce on Friday was insufficient to offset a brutal sell-off earlier in the week.

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