Europe stocks close 2.2% lower amid global downturn as volatility index spikes to Covid-era high
Publishing timestamp: 2024-08-05 04:40:13
Summary
European markets fell sharply at the start of the week amid a global stock sell-off, with fears of a U.S. recession, rapid Federal Reserve rate cuts, and a crash in the yen "carry trade" contributing to the downturn. U.S. and Asia-Pacific markets also saw steep losses, with Japan entering a bear market.
Sentiment: NEGATIVE
Tickers: 8058.T-JP, 8002.T-JP, 8053.T-JP, 8031.T-JP, .STOXX,
Keywords: united states, cac 40 index, ftse mib, business news, italy, japan, world markets, breaking news: markets, london, france, breaking news: europe, dax, stoxx 600, palantir technologies inc, germany, world economy, ftse 100,