A global stock sell-off is deepening with investors fleeing to safe havens
Publishing timestamp: 2024-08-05 08:30:05
Summary
Disappointing jobs report and fears of a recession led to a global stock sell-off, exacerbated by volatility in major earnings and a more hawkish Bank of Japan. Investors turned to safe-haven assets as U.S. Treasury yields fell. Despite fears of a recession, some experts believe the market correction is not a reason to panic and may present buying opportunities.
Sentiment: MIXED
Tickers: JP10Y-JP, CHF=, .STOXX, .DJI, US10Y, .SPX, .IXIC,
Keywords: nasdaq composite, taiwan, japan, south korea, u.s. 10 year treasury, economy, breaking news: markets, business news, asia economy, markets, stock markets, us dollar/swiss franc fx spot rate, economic events, dxy us dollar currency index, s&p 500 index, breaking news: economy, bonds, dow jones industrial average, government debt,