Global Market Decline! 📉
On Monday, stock sales plummeted due to concerns about insufficient support for the US economy from the Federal Reserve.
Cryptocurrencies dropped, with Ether recording its biggest loss since 2021.
Japanese indices Topix and Nikkei fell by approximately 20%, while the yen appreciated amid speculation about interest rate hikes by the Bank of Japan.
Goldman Sachs raised the probability of a US recession in the next year from 15% to 25%.
Berkshire Hathaway's sales impact the market:
Declines in Asian tech stocks and the Nasdaq 100 were exacerbated by significant sales of Apple shares by Berkshire Hathaway.
Middle East tensions rise:
Israel prepares for a possible attack from Iran and Hezbollah. The US has sent defensive reinforcements and pressed for a ceasefire agreement in Gaza.
German consumers remain optimistic:
Despite a weak economy, German consumers remain optimistic, according to recent surveys.
