US unemployment data triggers ‘Sahm rule recession’ warning | World News | WION Fineprint
Stock markets are tumbling globally with Japanese shares as one point exceeding their 1987 Black Monday loss. While European Shares near six-month lows. Our next report decodes how the fears of a US recession sent investors fleeing from risk while deciding that rate cuts would be needed to rescue growth.
Japan’s Nikkei 225 share index plunged as much as 10% on Monday, driven by heavy selling amid concerns that the U.S. economy may be in worse shape than previously expected. Watch in for more details!
#japan #stock #stockmarket
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