Financial analysts and experts, who spoke to Hespress electronic newspaper, downplayed the impact of the factor of “escalating geopolitical tensions in the Middle East between Iran and its proxies on the one hand and Israel on the other hand,” thus suggesting fears of a recession.
These same fears were reinforced by investors’ view that “the US Central Bank (the Federal Reserve) may have maintained its high interest rates for a very long time.”
Cryptocurrency prices fell sharply during Monday’s trading, with the market value falling and daily trading volume rising by more than 200 percent, indicating the escalation of selling pressure by investors in light of the looming global economic and geopolitical risks.
🔸“The beginning of a stronger shock”
While global markets appeared “red,” “the strong selling operations witnessed by markets in America and similar strong economies are the first spark of a state of panic and fear that markets are witnessing at the beginning of trading this week,” explained Moroccan financial analyst Tayeb Aiss, who stressed that it is “only the beginning and the prelude to stronger shocks and tremors that the global economy will witness.”
