Investors scour the globe for shelter as Wall Street shakes

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised.

April was a washout on Wall Street, with the S&P 500 share index (.SPX) and US Treasuries posting their biggest monthly loss since September.

Money managers are now looking for ways to limit losses if the trend does not reverse.

That could...