Financial markets suffered another heavy blow on Monday as the impact of sweeping tariffs imposed by Donald Trump continued to reverberate through global exchanges.
Global financial markets have sustained severe losses amounting to $9.5 trillion across three trading sessions, as investors abandoned hopes that the U.S. President would reconsider his trade policies.
Wall Street opened with a 1,600-point drop, while the VIX volatility index surged above 50 points. The European Stoxx 600 index recorded losses of 5.14%, and Asian markets experienced their worst session since the 2008 financial crisis.
U.S. government bonds and the Japanese yen strengthened as investors sought safer investment havens amid the turbulence.
The Athens Stock Exchange followed the downward trajectory of international markets, sliding to levels indicating a technical correction. The General Index has fallen more than 10% from its yearly high of 1,750 points, with analysts warning that further losses of up to 20% would signal entry into a bear market.
Investors have intensified expectations for more aggressive monetary policy from the Federal Reserve, anticipating the possibility of five interest rate cuts of 0.25 percentage points each throughout 2025.
Futures contracts reflect a 40% probability of an emergency rate cut even before the May meeting, as market tensions continue to escalate.
(information from protothema.gr)
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