Morning Bid: Markets reckon with familiar September pain
Markets in Europe are set for a rocky start on Wednesday after Asia stocks were left in a sea of red, as worries over the global growth outlook resurfaced and as the blistering AI rally hit yet another speed bump.were headed for their worst sessions since Aug. 5, when worries about a slowing U.S. economy and an unwinding of Japanese yen carry trades pummelled global stock markets.
Analysts say there is no one specific reason behind the latest market rout. Tepid U.S. manufacturing data could be blamed, but so could gloom over China's shaky economic recovery and Nvidia Ltd led the slide in Hong Kong-listed oil shares, and was also headed for its biggest one-day percentage drop since Aug. 5.
Still, the focus remains squarely on Friday's U.S. nonfarm payrolls report for August, which could determine whether the Federal Reserve's expected rate cut this month will be regular or super-sized.Scan QR code to install app
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