Is this the end of the bull market? ...Middle East

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The seeds of what would become a tumultuous Monday for Asian markets were sown during the previous Friday’s U.S. trading session. A seismic shift in investor sentiment was triggered by a far weaker-than-expected Nonfarm Payrolls (NFP) report, which painted a less rosy picture of the U.S. economy than anticipated. This unexpected economic data sent shockwaves through financial markets, causing U.S. stocks to plummet and bond prices to surge. As a result, volatility spiked dramatically, and market participants began pricing in the possibility of more aggressive interest rate cuts from the Federal Reserve (Fed) this year. This perfect storm of negative factors set the stage for a global market

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Last updated : 09 August 2024 clock 01:08 PM

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Is this the end of the bull market? ...Middle East

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