Reported 2 months ago
The week began with a staggering $6.4 trillion decline in global stocks, following a volatile response to disappointing US job data. As traders readjusted their forecasts for interest rate cuts, markets stabilized towards the end of the week, highlighting greater caution amongst investors. Amidst this backdrop, various central banks responded differently; while Australia maintained high rates, India and Serbia held steady, and Kenya made a surprise cut. Meanwhile, US consumers faced rising debt delinquencies, signaling potential economic slowdowns. Global market dynamics continue to shift, raising questions about future monetary policies.
Source: YAHOO