Global stock market decline hits Wall Street, Europe, and Nikkei hard, leading to significant losses in financial markets worldwid...
Global markets were a sea of red Monday, with Japan's Nikkei suffering an historic drop and New York falling hard in a pullback attributed to economic unease and fallout from recent monetary policy shifts.
Seizing on that point, some market watchers have called for the Federal Reserve to cut interest rates -- perhaps even in an emergency meeting -- after the central bank kept rates unchanged last week. Hogan believes the Japan currency movements are much more a factor in the turbulence than recession fears.
"Investor sentiment was down as the US employment data for July came in lower than expected, raising fears that the US economy is slowing more than expected," IwaiCosmo Securities said.Friday's much-anticipated report showed the US economy added just 114,000 jobs last month, well down from June and far fewer than expected, with unemployment at 4.3 percent.
Wall Street Stock Performance European Stock Market Drop Nikkei Stock Index Fall Stock Market Losses Global Financial Markets
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