Markets Shaken by US Recession Fears, BoC Rate Cut Awaited
Risk aversion swept across US markets overnight, with the selloff extending into Asian trading, driven by renewed fears of a recession. Weak US manufacturing data brought economic concerns back into focus, leading to a sharp 600-point drop in DOW and a more than 3.2% plunge in NASDAQ. The negative sentiment spread broadly across asset classes, […] The post Markets Shaken by US Recession Fears, BoC Rate Cut Awaited appeared first on Action Forex.
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Risk aversion swept across US markets overnight, with the selloff extending into Asian trading, driven by renewed fears of a recession. Weak US manufacturing data brought economic concerns back into focus, leading to a sharp 600-point drop in DOW and a more than 3.2% plunge in NASDAQ. The negative sentiment spread broadly across asset classes, […]
The post Markets Shaken by US Recession Fears, BoC Rate Cut Awaited appeared first on Action Forex.
