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Most of the global stock indices declined due to the escalation of political tensions and fluctuations in some commodities and currencies traded in global markets.
The performance of European stock indices declined significantly, affected by political tensions and the emergency meeting of the Group of Seven that was announced yesterday, as well as the continuation of the gas crisis and high inflation for the countries of the euro area, and the statements of the German Chancellor that there is a lot of uncertainty surrounding future gas supplies.
At the same time, US stock index futures also witnessed a decline during pre-market trading, amid expectations of some economists for a future decline of about 20%, if the US economy entered a state of recession, which many also expect to happen next year.
Most of the Asian stock indices also declined, as Japanese stocks closed today’s session with a significant decline due to the fluctuations of the Japanese yen and its sharp decline in the currency market, after the Bank of Japan intervened last week to support the currency.
