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Europe stocks close 2.2% lower amid global downturn as volatility index spikes to Covid-era high - TL;DR CNBC

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-JP8002.T-JP8053.T-JP8031.T-JP.STOXX

Keywords: united statescac 40 indexftse mibbusiness newsitalyjapanworld marketsbreaking news: marketslondonfrancebreaking news: europedaxstoxx 600palantir technologies incgermanyworld economyftse 100

Source: https://www.cnbc.com/2024/08/05/european-markets-stocks-data-and-earnings-as-volatility-continues.html


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