The significant events in the global economy over the past week - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com5 months ago
The U.S. stock market experienced its steepest drop in 18 months, primarily influenced by fears of an economic slowdown and rising concerns within the information technology sector.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-20/
With the S&P 500 Index suffering significant losses, particularly driven by a steep decline in NVIDIA's market cap, investors are increasingly worried about ongoing market volatility.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-20/
Economic indicators have shown troubling signs, such as a decline in job openings to their lowest level since January 2021 and a contraction in manufacturing for the third straight month.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-20/
In Europe, a similar trend was observed, as the pan-European STOXX Europe 600 Index fell by 3.52%, signaling a downturn attributed to declining economic sentiment.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-20/
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#stock-market #economic-slowdown #technology-stocks #global-markets #manufacturing
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