Global stock market crash: LIVE UPDATES
Following staggering drops in Japan’s Nikkei and Bitcoin, European banks are tumbling to March lows
Stock markets went into a meltdown on Monday amid fears that the US could be heading for a recession, pushing investors into panic-selling mode, market data shows.
The US has seen an unexpected rise in the unemployment rate, according to July payrolls report unveiled on Friday. This led to markets betting on the Federal Reserve cutting rates in September by a full 50 basis points, and sparked debate among economists about the overall health of the US economy, with its enormous influence in the global financial market.
US stocks closed sharply down on Friday, with the technology-heavy Nasdaq Composite falling into correction, but Monday kicked off with new drops.
www.rt.com/business/602130-global-stock-market-crash/
“holy shit, everything is breaking *CIRCUIT BREAKER TRIGGERED FOR JAPAN GOVT BOND FUTURES”
holy shit, everything is breaking
*CIRCUIT BREAKER TRIGGERED FOR JAPAN GOVT BOND FUTURES
— zerohedge (@zerohedge) August 5, 2024
Japanic Monday: Japanese Bonds, Stocks Halted After Plunging Into Bear Market As Everything Crashes Everywhere t.co/9tRIBKlGjM
— zerohedge (@zerohedge) August 5, 2024
Japan's Nikkei index now down over 12% pic.twitter.com/O6JRRuLpKy
— Steve Lookner (@lookner) August 5, 2024
And there goes USDJPY
Japan setting up for an epic bloodbath
— zerohedge (@zerohedge) August 4, 2024
Don’t you ever forget I was the first to call Japan the mother fucking Mothra that is flapping its wings. pic.twitter.com/aMTf2Mzz6k
— Michael A. Gayed, CFA (@leadlagreport) August 5, 2024
I will be proven right about Japan.
I will be proven right about the reverse carry trade.
I will be proven right about that being the spark to a global margin call.
I will be proven right about a credit event.
I will be proven right despite it all. pic.twitter.com/2OGKQ87gf4
— Michael A. Gayed, CFA (@leadlagreport) August 1, 2024
Biggest 2-day drop for the Nikkei in history, surpassing Black Monday t.co/xh4zeBWS9C pic.twitter.com/4DESv6cpBx
— zerohedge (@zerohedge) August 5, 2024
*MUFG SHARES FALL AS MUCH AS 21%, MOST ON RECORD
This, for those asking, is Japan's largest bank, their JPMorgan if you will
— zerohedge (@zerohedge) August 5, 2024
*SMFG SHARES FALL AS MUCH AS 16%, TOUCHING DAILY LOWER LIMIT
And there goes japan's second largest bank. Next up: bank runs
— zerohedge (@zerohedge) August 5, 2024
Japan stocks -12 percent, South Korea stocks -10 percent, DOW futures -600 : BLOOD BATH COMING
Dow Jones Industrial Average futures fell by some 600 points, or 1.5%. S&P 500 futures and Nasdaq-100 futures dipped 2.1% and 3.4%, respectively.
www.cnbc.com/2024/08/04/stock-market-today-live-updates.html
h/t RundaPlazan