Black Monday: sharp decline in European and Asian stock markets

Asian and European stock exchanges declined at the start of weekly trading, today, Monday, on the impact of negative economic data issued in United States last Thursday and Friday.

The US Labor Department said nonfarm payrolls increased by 114,000 jobs last month, a figure well below the average forecast of 175,000 jobs, according to a Reuters poll of economists.

It is also far short of the 200,000 jobs that economists believe are needed to keep up with population growth.

Jump the level The unemployment to 4.3%, which is almost the highest level in 3 years.

European stocks fall

woke up Stocks European markets, on Monday, reached their lowest levels in about 6 months amid a global sell-off, driven by fears of slowing economic growth in the United States.

The European STOXX 600 index fell 2.68% to 484.45 points – at the time of writing the report – after falling to 482.42 points, its lowest level since February 13.

The index is expected to record its worst daily performance in two and a half years.

The index saw its worst weekly performance in almost 10 months on Friday and fell below 500 points for the first time since last April 15.

Investors have refrained from risky assets, driven by fears that the United States is heading for an economic recession.

Information about the decline of European stock markets

• Britain’s FTSE 100 index fell 2.32% to 7,984 points.
• Germany’s DAX index fell 2.75% to 17,175 points.
• France’s CAC 40 index fell 2.41% to 7,076 points.
• Italy’s FTSE MIB index fell 3.07% to 31,035 points.
• The Spanish index IBEX 35 fell 2.82% to 10,371 points.

Japanese stock market indexes fall as U.S. indexes perform (Associated Press)

Japanese stocks fall

Japan’s Tokyo Stock Exchange indices ended Monday’s session with a sharp fall, as the Nikkei index fell 12.4% to a level of 31,458 points, while the broader Topix index fell around 12.2% to 2,227 points.

As for the rest of the other Asian markets:

• The Hang Seng exchange rate fell to one poundHong Kong 1.465% to 16698 points
• The Shanghai Index fell 1.54% to 2,860.70 points.
• India’s Sensex index fell 2.79% to 78,724 points.
• The Singapore index fell 4.07% to 3,243.67 points.

American decline

And in last Friday’s session, the last session of last week:

• The US Dow Jones industrial average fell 1.51% to 39,737.26 points.
• The Standard & Poor’s 500 index lost about 1.84% to 5,346.56 points, reaching the lowest levels since June 4.
• The Nasdaq Composite Index fell 2.43% to 16,776.16 points.