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Stock markets tumble worldwide

stock-markets-tumble-worldwide-piguet-galland
stock-markets-tumble-worldwide-piguet-galland

RTS evening news, August 5, 2024.

Following the release of the July employment figures in the United States, stock markets plummeted around the world on Monday, August 5, 2024, alarmed by a slowdown in the US job market.

Discover the interview with Ed Yau, Fund Analyst and ESG Manager, on RTS.

According to him, we shouldn't focus on this announcement: "This announcement isn't enough to create this panic in the market. It's a multitude of factors that have caused uncertainty to increase." 

"We don't think we're at the start of a global recession, we think the Fed has the ability to reduce, cut interest rates faster, which will revive the economy."

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