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Post by sevenofnine on Aug 5, 2024 11:05:03 GMT -5
Yeah I think downturn happen after I went to bed last night I watch Metv toons Sunday night cartoons I didn't hear this morning Stocks open sharply lower on Wall Street as investors fear a US economic slowdown; Dow drops 1,000 points. Stocks opened sharply lower on Wall Street on Monday afternoon as investors fear a US economic slowdown. At the time of writing, the Dow Jones Industrial Average dropped 2.40% to 38,772.21, while the tech-heavy Nasdaq declined 3.74% to 16,152.58. The S&P 500 was also in the red, falling 2.82% to 5,196.00. It followed European markets also moving lower as risk-off sentiment continues to prevail. www.euronews.com/business/2024/08/05/wall-street-sees-sea-of-red-as-investors-fear-us-economic-slowdown |
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Post by sevenofnine on Aug 5, 2024 11:05:57 GMT -5
They still blaming Covid also Chinese real estate markets Why global financial markets are witnessing a wave of risk aversion Fears of a US recession are driving global market sell-offs. Equities dropped sharply, the dollar weakened, and bonds and the yen strengthened. Global financial markets are witnessing a wave of risk aversion, intensifying dynamics that had already begun to emerge late last week when disappointing US economic data sparked fears of a recession in the world's largest economy. Asian markets closed poorly, with Japan's Nikkei 225 Index down 12.4% to close at 31,458 points, the lowest level since December 2023. European equity markets opened sharply lower on Monday. By 9:30 am Central European Time, the broader Euro STOXX 50 index was down 2.8%, reaching its lowest level since January and heading for its third consecutive day of losses. Italy's FTSE Mib was the primary laggard, tumbling 3.5%, on track for its worst single-day drop since March 2023. Meanwhile, Germany's DAX, France's CAC 40, and Spain's Ibex 35 all fell 2.5%. www.euronews.com/business/2024/08/05/us-recession-risk-sparks-global-market-turmoil-are-fears-valid |
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Post by sevenofnine on Aug 5, 2024 11:20:24 GMT -5
This how bad it was on Nikki market Japan's Nikkei sees biggest tumble since 1987 crash Japan's Nikkei stock index on Monday saw its largest single-day rout since the 1987 "Black Monday" sell-offs that precipitated a major recession. The fall was driven by last week's global plunge in stock prices coming on the heels of bleak jobs data that indicate the US could be heading for recession, sending a shock wave across markets. At the end of trading, the Nikkei index shed a massive 12.4%, after at one point dipping as much as 13.4%. For comparison, the biggest single-day drop was 14.9% in 1987. At one point during the sell-off, a "circuit breaker" was triggered to stop trading. The rapid fall of Japan's yen against the dollar has also fueled the sell-off, as investors try and sell equities in a mass deleveraging as investors sell assets to fund their losses, Kyle Rodda, a senior financial market analyst at Capital.com in Melbourne, told Reuters news agency. Japanese Finance Minister Shunichi Suzuki said the government was monitoring markets with "grave concern." www.dw.com/en/japans-nikkei-sees-biggest-tumble-since-1987-crash/a-69857520 |
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Post by sevenofnine on Aug 5, 2024 12:12:47 GMT -5
OH OH! Treasuries Surge as Traders Bet on Emergency Fed Rate Cut Bloomberg) -- Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head off a recession. Previous worries about the risk of elevated inflation have virtually disappeared, swiftly giving way to speculation that growth will stall unless the central bank starts pulling interest rates down from a more than two-decade high. Traders now see a roughly 60% chance of an emergency quarter-point cut within one week. That is fueling one of the biggest bond-market rallies since fears of a banking crisis flared in March 2023. The advance has been so strong that the policy sensitive two-year Treasury yield tumbled last week by half a percentage point to less than 3.9%. It hasn’t finance.yahoo.com/news/bond-traders-bet-big-fed-190000721.html |
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