Tuesday, 6 August 2024: US Markets extend their steep declines 📉
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Descripción
US equity markets extended their steep declines to cap their worst three-day performance since 2022, with the Dow and S&P 500 registering their sharpest daily losses since 13 September 2022...
mostra másMarkets have become increasingly concerned following last Friday’s (2 August)  non-farm payrolls report for July that the Federal Reserve may be moving too slow when it comes to interest rate cuts if it wants to avoid a recession. Indeed, some analysts are now calling for ‘emergency’ rate cuts from the Federal Reserve. Also a lot of talk around the unwinding of the Yen carry trade triggered by the Bank of Japan's (BoJ) unexpected rate hike on Wednesday last week (31 July),
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Autor | Morgans Financial Limited |
Organización | Morgans Financial Limited |
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