Monday, August 05, 2024

BREAKING: The Financial Times reports that global markets are 'rattled by the prospect of a US recession'

 Global stock markets experience their steepest decline since Black Monday.

Major tech companies, 24 hour stock market. NVIDIA: -11% Alphabet/Google: -11% Apple: -10% Meta: -10% Tesla: -10% Amazon: -10% Microsoft: -9%

The global stock market rout has intensified, with Japan’s benchmark index experiencing its worst day since Black Monday due to fears of a US recession.

Tokyo’s Nikkei 225 plummeted by 12.4%, marking its largest-ever point loss overnight and its most severe single-day drop since the notorious trading session in October 1987.

The index is on track for its worst two-day decline in history . . .



 limiting spending, further reducing hiring and incomes, and leading to a recession.”

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