What's behind the global market meltdown?

Analysts link it to trading strategies.

Sign up for Reuters newsletters One Essential Read One Essential Read Recommended by Kate Turton, Newsletter Editor Global market rout has more to do with end of cheap funding than US economy   Analysts say the meltdown in world equity markets is more reflective of a wind-down of carry trades  —  a trading strategy used by investors to juice their bets  —  than a shift in the US economic outlook. While Friday's weaker-than-expected US jobs data was the catalyst for the market sell-off, the employment report alone wasn't weak enough to be the main driver of such violent moves, they added. Japan's Nikkei suffered its biggest one-day rout since the 1987 Black Monday. Read the full article Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Between June 17 and August 16, Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Reuters Terms & Conditions and Privacy Statement © 2024 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036