Global Stock Market Turmoil as Recession Fears Mount

Global stock markets plunged, driven by recession fears and speculation on rate cuts. Japanese shares suffered significant losses, with the broader impact spreading across European and U.S. markets. Investors moved towards safer assets like Treasury bonds and the yen. Analysts provided mixed outlooks on potential U.S. recession scenarios.

Global stock markets nosedived as recession fears gripped investors, prompting widespread sell-offs. Japanese shares were particularly hard-hit, experiencing losses reminiscent of the 1987 'Black Monday'.

European shares soon followed, with major indices hitting six-month lows. Rates speculations pushed investors towards safer assets, including Treasury bonds and the yen, creating a broader market turmoil.

Analysts were split on the U.S. recession prospects, with mixed signals from macroeconomic indicators. The week ahead holds key earnings reports from companies like Caterpillar and Walt Disney, adding another layer of complexity to market conditions.

(With inputs from agencies.)