Fall in global stock markets due to the jump in unemployment in the United States
A report showing a sharp jump in US unemployment sent global stock markets into a panic and led to a panic sell-off in assets. Unexpectedly bad data brought back recession fears. And at the end of the last working week, the main stock indexes fell, the new week also started badly – with big drops in the Dow Jones, Nasdag, S&P 500, etc. Just a few days ago, there was enthusiasm in the market – the expectation that the Federal Reserve will cut interest rates in September and stimulate economic activity.
"But on Friday, the poor data in the employment report raised concerns that the Fed may not act quickly enough to support the US economy in good condition," commented the CNN article, quoted by Mani.bg.
Before the analysis, the calculation of the liquidation percentage did not have to be delayed. In Japan, the Nikkei 225 fell to levels not seen in 37 years. In this test, the giants Intel show bad results, who say that the investments in artificial intelligence are extremely large, and their results are even more complete. And the worst may be yet to come and we may see a fall in the stock market this month, writes Matli Full, reports "Sega.bg.news.