Global Markets Being Hit Hard on Fears US Economy Will Collapse
Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Asset Management, said: 'I didn't expect stocks to fall this much. 'This is probably because there are concerns that the US economy will collapse in a big way, which is the most unpleasant pattern for Japanese stocks.'
José Torres, a senior economist at Interactive Brokers, said: 'The short-lived satisfaction of Fed Chief Powell communicating decent odds of a September rate cut has turned sour as investors are now panicking that the central bank isn´t trimming soon enough.'
Shares across the world tumbled Friday - as investors panicked over signs of weakness in the US economy.
Over $2.9 trillion have wiped out this morning due to growing fears of a global recession!
IRAN DECLARES TOTAL WAR WITH ISRAEL: IDF FORCES ATTACKING LEBANON AND SYRIA!
KLM has cancelled all its flights to and from Israel's Tel Aviv until Oct. 26, the Dutch arm of airline group Air France KLM said on Friday. Currently, Tehran-Istanbul flights are being cancelled one by one. This development indicates that there may be Iranian retaliation tonight. USS Theodore Roosevelt Aircraft Carrier and its Strike Group have exited the Persian Gulf and are now operating in the Arabian Sea.
