The global stock rout accelerated on Monday, with losses cascading across tech shares. Europe’s Stoxx 600 benchmark slumped at the open and is set for its biggest three-day decline since June 2022. Traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head off a recession. Traders now see a roughly 60% chance of an emergency quarter-point cut within one week.
Today’s guests: Nannette Hechler-fayd’herbe, Lombard Odier, EMEA CIO; Kasim Kutay, Novo Holdings CEO (Source: Bloomberg)
