Global Markets Tumble on Weak US Data and Tech Earnings
Australian and New Zealand dollars struggle, Japanese stocks see largest drop since 2020, and US Treasury yields fall below 4%
- Australian and New Zealand dollars face pressure from weak US economic indicators and investor risk aversion.
- Japanese stocks experience significant declines due to expectations of further monetary tightening and a strong yen.
- US stock indices drop sharply following disappointing job and manufacturing data, raising recession concerns.
- Tech giants Apple and Amazon report mixed earnings, contributing to market volatility.
- US Treasury yields decrease as investors anticipate potential Federal Reserve rate cuts.
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