---
title: Stock markets tumble worldwide amid renewed volatility
description: Stock markets around the world tumble on the back of a slowdown in the US job market. Interview with Ed Yau, Analyst-Fund Manager, on RTS.
---

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# [Stock markets tumble worldwide amid renewed volatility](https://www.piguetgalland.ch/en/news/stock-markets-tumble-worldwide)

 Written by [RTS info](https://www.piguetgalland.ch/en/news/author/rts-info) | Aug 8, 2024 6:34:34 AM

### **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](https://www.rts.ch/play/tv/19h30/video/19h30?urn=urn:rts:video:15078988) 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."

 

[View full post](https://www.piguetgalland.ch/en/news/stock-markets-tumble-worldwide)

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