-- European stocks dropped, sending a regional benchmark to the lowest since February, amid a deepening global retreat sparked by concerns of a US economic slowdown.A Vast Wetland Park Seeks to Slake a Thirsty Megacity
A weaker-than-expected US job data on Friday reignited recession fears, with traders assuming the Federal Reserve was now behind the curve in cutting rates. Technical factors including lower liquidity during summer months, as well as an extremely elevated stock exposure until July likely played a part in the selloff. In Asia, the MSCI Asia Pacific Index sank 6.3% and now is down 12% from its recent peak on July 11. In another sign of souring investor sentiment globally, Bitcoin slumped about 6%.
Kamala Harris’s uncle hits back at JD Vance over ‘childless cat lady’ comments: ‘Not a great thinker’
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