US EditionThe Mood Has Deteriorated, the Stock Markets Have Taken a Turn for the Worse
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Asian stock markets started the week with a strong rise, with leading indices following the rally in US markets last Friday, which was triggered by US Federal Reserve Chairman Jerome Powell's statement on the interest rate path. In comparison, the picture on European markets was not positive, with a smaller fall seen on the stock markets, and a correction has also arrived in the US.
MARKETS.— Expectations of early resumption of interest rate cuts in the US boosted global stock exchanges on Monday, with markets in Asia reaching peaks of several years. However, European stock backsliding as some of the excitement faded after Federal Reserve President Jerome Powell’s speech in Jackson Hole, and investors re-focused on the broader economic landscape. Powell’s dovish turn led to futures discounting a 84% probability of a quarter…
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