Reported 2 months ago
A recent shocking plunge in global stock markets, erasing $6.4 trillion in value, has led traders to fear the onset of a 'great unwind'. The turmoil began on Monday with significant drops in key indices worldwide, driven by disappointing earnings from major tech companies and shifts in monetary policy from the Bank of Japan. As sentiment swings and market panic grow, concerns about a potential recession increase, prompting analysts to advocate for possible interest rate cuts by the Federal Reserve.
Source: YAHOO