Markets Across The World Fell Sharply Due To Economic Slowdown

Markets across the world fell sharply on Friday. The world’s stock markets, the euro, and the British pound are at several decades’ low, fear of rising inflation and recession.

Markets across the world fell sharply on Friday due to the economic slowdown. Selling dominated the markets from America to Europe and Asia.

The fall in world markets started after the US central bank Fed’s decision on September 21 to raise interest rates for the third time in a row to reduce inflation by 75 basis points, or 0.75 percent.

Inflation remains at the highest level in the US. Due to this, the US markets are continuously falling from the upper level.

The Dow Jones fell 486 points, or 1.62 percent, to 29,590 on Friday. Experts say that if the fall further increases, then the US market will officially go into recession.

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Big fall in the world’s stock markets.

Europe’s largest economy, Germany’s stock market declined by 1.97 percent, France by 2.28 percent, the UK by 1.97 percent, and Spain by 2.46 percent.

At the same time, the stock market of China (Shanghai) closed with a decline of 0.66 percent, 0.83 percent in Thailand, 1.81 percent in South Korea, and 1.66 percent in Taiwan’s stock market.

Indian stock market condition.

There was a big fall in the Indian stock market yesterday due to weak global cues.

The Nifty was down 302 points, or 1.72 percent, at 17,327 points, and the Sensex down 1.73 percent by 1,020 points, or 1.73 percent, at 58,098.

Major currencies of the world fall.

The UK’s currency, the British pound, on Friday plunged to a 37-year low, and Europe’s currency, the euro, hit a 20-year low on Friday due to a reduction in finance tax by the British government.

The dollar index, which measures the level of strength in the US dollar, remains at a 20-year high of around 111.