Global stock markets suffered significant losses on Monday due to US recession fears and geopolitical tensions.
Global stock markets saw significant losses on Monday due to fears of a US recession, with major indices including the Dow Jones, S&P 500, and Nasdaq experiencing their worst days since 2020. The Nikkei 225 in Japan plummeted over 12%, while the Dax and EURO STOXX 50 in the Eurozone also suffered similar losses. US investors worry that the Federal Reserve has waited too long to cut interest rates, increasing the risk of a recession. Additionally, geopolitical tensions in the Middle East and weak labor market data have contributed to investor unease.
August 05, 2024
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