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For a third day, global equities decline due to growth concerns

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Investors reduced their holdings in global shares on Friday as the Federal Reserve amid worries about an impending global crisis.

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On Friday, global shares fell for a third straight day as concerns about a global recession were fueled by the possibility of further rate increases.

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Both London and Frankfurt had a rough start in Europe.

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Shanghai, Hong Kong, and Seoul all experienced a decline in economic activity.

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Oil prices saw a decline of over $1 per barrel.

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Due to a holiday, the Japanese economy was shut down.

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Wall Street futures declined as the central banks of Turkey, the Philippines, Britain, Switzerland, and other countries on Thursday raised interest rates.

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The Federal Reserve increased its key interest rate for the sixth time this year on Wednesday and hinted that additional hikes were imminent.