Global stock markets sell-off due to economic contraction fears, weak data, BoJ stance, and employment indicators; investor caution advised ahead of nonfarm payrolls report.
Global stock markets are experiencing a sell-off, driven by fears of economic contraction in the US, weak manufacturing data, the Bank of Japan's hawkish stance, and employment sub-indicators. This has led to concerns over the Federal Reserve's appropriate response, prompting experts to advise investors to proceed with caution. Market attention is now shifting towards the nonfarm payrolls report, as investors seek insights into the potential scale and pace of future Fed cuts.
August 01, 2024
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