Bursa de la Londra, Photo: Jeanette Teare / Alamy / Profimedia Images
European stock markets ended much lower on Monday, punished, like the rest of the world’s stock markets, by fears of a recession in the United States, according to AFP.
The Paris stock market lost 1.42%, falling to 7,148.99 points, the lowest level since mid-November.
London lost 2.04%, Frankfurt 1.82% and Milan 2.27%. The pan-European Stoxx 600 index fell by 2.17%.
Stock markets fell on Monday, with Japanese shares down 12.4%, the biggest daily drop since Black Friday in 1987, on fears that the United States could be headed for recession, prompting investors to flee. from risky assets and betting on quick rate cuts to save. growth, reports Reuters.
Summary of events so far:
- European stock markets closed sharply lower, weighed down by the risk of a recession in the US
- Global stock markets are mostly in the “red zone” on Monday as the stock sell-off that began last week intensified over fears of a US recession.
- Japan’s stock market suffered its biggest daily crash since Black Monday 1987, with the Nikkei index falling more than 12%. Notably, the magnitude of the decline at one point in the trading session was even greater than in 1987, financial markets were hit by another unexpected crash that wiped over $1.7 trillion of stock value from the stock markets. world
- Several other Asian stock markets recorded big corrections, only the Chinese one slightly higher due to upbeat domestic data.
- The yen climbed to a multi-month high as investors continued to react to the Bank of Japan’s surprise decision to raise interest rates. That hit “trading” investors, those who borrowed cheaply in yen and then invested elsewhere in higher-yielding assets.
- Wall Street is also preparing to fall into the “red zone,” with futures indicating a drop of at least a few percent is ahead.
2024-08-05 16:07:20
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