Emergency Meeting Decision from the Fed: Concern Is Increasing

The US Federal Reserve (FED) decided to hold an emergency meeting on interest rates after the major collapse in the Japanese stock market.

The US Federal Reserve (FED) decided to hold an emergency meeting on interest rates after the major collapse in the Japanese stock market. While this development, which caused concern in global markets, increased the perception that the US economy was rapidly deteriorating, the possibility of the Fed taking easing steps before the normal meeting date began to be priced.

Pressures on the US Economy are Increasing

Weak US data released last week fueled growth concerns and led to sharp declines in global stock markets. Analysts evaluate the probability of the US Federal Reserve to cut interest rates by 25 basis points within a week as 60 percent.

The Crash in Japan Spread to Global Markets

Japan's Nikkei 225 index had its worst day in 37 years, driven by US employment data and the yen's appreciation. In Tokyo, the index closed at 31,458.41 points, a 12.4 percent drop, recording the biggest single-day decline after Friday's 5.8 percent drop.

Big Declines in Finance and Export Shares

Finance and export stocks in the Nikkei index suffered major losses in value. While Sumitomo Mitsui Financial Group experienced a 16 percent loss in value, today's collapse of the index was recorded as the largest single-day decline since the "Black Monday" event in October 1987.

-NinjaNews

#elitkoin #btc #MarketDownturn