📆 Friday, August 18
► European and Asian equities, commodities and cryptocurrencies, faced downturns due to increasing concerns over China and concerns about more monetary tightening. The Stoxx 600 declined 0.4%, marking its third consecutive weekly drop. Asian equity benchmarks from Japan, China, and South Korea also saw red.
► Global markets endured a challenging week with concerns of enduring inflation and bond yields nearing financial crisis (2008) levels. Recent Federal Reserve meeting minutes implied a possible continuation of rate hikes, causing further investor uncertainty.
► In the US, major indices faced declines for the third day in a row, as implications from the FOMC meeting suggested more rate hikes due to unexpected US economic resilience. The Nasdaq 100 (-1.21%), S&P 500 (-0.8%), and Dow Jones (-0.75%) saw again sharp declines. Bitcoin plummeted 4.5% amid news of SpaceX's sale, intensifying the cryptocurrency's downturn.
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