Stock markets in Europe have remained volatile today (6th August 2024), despite a significant rebound in Japan that nearly reversed the record declines at the beginning of the week.
The FTSE 100 in London, along with the stock markets in Paris and Frankfurt, opened slightly higher but fell back a modest 0.3%.
Overnight, Japan's Nikkei 225 index soared by 10.23%, or 3,217 points, marking its largest single-day point gain following a severe drop the previous day. Attention has now turned to the US stock markets with the Dow Jones turning modestly positive and the S&P 500 up 0.5%. This feels like a day of tentative trading to find a direction after experiencing a couple of days of intense trading to the downside.
The initial 12% plunge in the Nikkei earlier in the week had a ripple effect on global stock markets, triggering significant declines in the UK, Europe, and the US.
Experts attribute this to growing concerns over a potential economic slowdown i ...
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