699 emerging market turmoil triggered the global stock market value to evaporate by $3 trillion!
At this moment, in a villa in Tokyo, Abe Hidehei watched Europe and the American stock market plummet, and his heart made his soul fly away, and his whole body trembled, he couldn't imagine what the Nikkei 225 index would fall into when it opened tomorrow!
At this moment, his whole body trembled! frantically opened the chart, trying to find some comforting life-saving grass, or news that could bring him hope and life!
At this time, the sharp fall in the stock markets of Europe and the Americas caused a round of shocks!
Christine Lagarde of the International Monetary Fund (IMF) called for greater cooperation among the world's major central banks, saying that the global financial system faces the threat posed by the contagion of turmoil.
In his speech in London, Lagard made clear its position that global stakeholders must be collectively held accountable for managing the intricacies of the superworld's corridors, and that this translates to all monetary institutions that work closely together, keeping a close eye on the potential impact of their policies on other stakeholders.
The proliferation of global financial and trade linkages over the past decade, as well as the emergence of major developing countries, have called for deeper global cooperation, a new multilateralism.
Earlier, at a time when emerging markets were suffering the worst sell-off in more than a decade, Raghuram Rajan of the Curry Fed criticized on Friday that the monetary policy implemented by the Federal Reserve (FED) had "wiped out" international monetary cooperation.
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Abe Hidehei looked at such news, knelt on the bed, and couldn't help but scold: "Say nothing!"
"We can't let the global stock market rebound, we can only let the Asian stock market plummet tomorrow!"
"What should I do if the Nikkei 225 plummets tomorrow!!"
"Can anyone tell me!!"
"What should I do!"
"Hate the Fed!"
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Abe Hidehei couldn't lie in bed anymore, so he quickly got up, got dressed and left the villa overnight, and drove quickly to the trading room!
But the speed was too fast, and bad luck happened, and around the corner, his car collided with a pickup truck.
The cacophony of collisions resounded through the streets!
He was also unconscious!
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Time flies quickly, and in the blink of an eye, it was time for the Asian stock market to open, and the Nikkei 225 index opened directly by 300 points, from the 14600 position to the 14300 position to open, and then continued to fall all the way!
During this period, even the number of rebounds is pitiful, and the strength of the rebound is very small!
At this moment, in the headquarters of Black Shirt Capital, in the trading room, everyone did not close their eyes, watching the Nikkei 225 Index open with a gap of 300 points, and then fell all the way!
Everyone was very excited, and everyone ate fast food directly in the trading room at noon!
After the lunch break, the market opened again, and the Asian stock market continued to fall sharply!
All of them didn't sleep at noon, they hadn't rested for more than 30 hours!
As of the close, the Nikkei 225 index of the Dongying stock market plummeted 4.18% to close at 14,000 points, down 600 points, and has fallen 14.01% since the beginning of this year.
The Bangzi Country Composite Index fell below the 1,900-point integer mark and closed at 1,886.85 points, down 33.11 points, or 1.72%, hitting a new low in nearly five months.
The Mumbai SENSEX30 Index is now at 20,015.2 points, down 0.89%;
The Singapore Straits Index is now at 2965.13 points, down 0.91%;
The Jakarta Composite Index is now at 4360.45 points, down 0.59%;
Thailand's Composite Index is now at 1277.47 points, down 1.19%.
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According to data released by the Institute for Supply Management in the United States, the U.S. manufacturing purchasing managers' index (PMI) fell sharply to 51.3 in January this year from 56.5 in the previous month, significantly lower than the median market expectation of 56. The official manufacturing PMI for January also underperformed, falling to 50.5 from 51.0 in the previous month. In addition, the British market research institute Market Group released data that the British manufacturing purchasing managers' index was 56.7 in January, down from 57.2 in the previous month.
European stock markets fell on the 3rd, and the average price index of 100 stocks in the Financial Times of the London stock market closed down on the 3rd, closing at 6450.0 points, down 0.7%.
The CAC 40 index of the Paris stock market closed at 4107 points, down 1.39%.
Germany's DAX index in Frankfurt closed at 9,100 points, down 1.4%.
The U.S. stock market suffered a sharp decline on the 3rd, and the Dow Jones Industrial Average fell by more than 400 points, the largest single-day decline since June 20 last year.
The Starkey Composite Index also fell sharply and broke through the 4,000-point integer mark.
In just one week, a sudden series of adverse events turned optimistic expectations of global economic growth this year into growing worries.
Warning signs abound: global stock markets tumbling, disappointing economic data from the United States and Edifice, hasty interest rate hikes in major developing countries, including Turkey, Curry and South Africa, and disappointment pervading corporate earnings calls.
All of this is a signal that global growth momentum may not be as strong as it was at the beginning of 2014.
A closely watched indicator will be released on Friday. The U.S. Department of Labor will release employment data for January.
As with recent data from the United States, the jobs report is likely to be bleak due to severe winter weather, adding to uncertainty about the economic outlook.
There are also many investors who have been discussing the reasons for the sudden plunge in global stock markets in recent days.
One possible reason is that the Federal Reserve will scale back the bond-buying program that supported the market in 2012 and 2013.
Another reason is the fear that the crisis that erupts in emerging markets could spread to other regions.
However, there are growing signs that the sharp decline in the stock market at the beginning of the year was mainly due to expectations for economic growth and corporate profits.
At the beginning of the year, many investors believed that the U.S. economy would eventually break the 2% growth path in 2014. But a flurry of weak auto sales, manufacturing, home sales and employment data has investors questioning whether the U.S. can achieve higher growth this year
The recent decline that has swept through emerging markets shows no signs of abating.
Dongying's stock market fell further on Tuesday, down 14% so far this year. Other Asian stock markets and currencies also fell sharply.
The decline began two weeks ago. At that time, HSBC Holdings PLC released data for January showing weaker-than-expected manufacturing activity in China.
The depreciation of the Argentine peso has darkened the mood of investors. To dispel the panic in the market, the central banks of Turkey, South Africa and India have raised interest rates one after another.
In recent days, disappointing economic data from the United States has become another trigger for the market to fall.
There are also many factors at play.
For example, the currency crisis in Argentina!
The turmoil in emerging markets has wiped out $3 trillion in the market value of the global stock market!
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