The global market slump continues: stocks in the US, Europe, the UK, and Russia are falling.
This is reported by Reuters.
Futures on the S&P 500, Dow, and Nasdaq are falling again following China’s actions. Brent has fallen below $65 – the lowest since 2021, which also impacts Russia.
The 500 richest people lost $208 billion in a day. Zuckerberg lost $17.9 billion, Musk $11 billion. These are the largest losses since the COVID-19 era.
The likelihood of a global recession due to Trump’s tariffs has increased to 60%.