The global stock markets had ended the last week on a pathetic note, and things are looking worse for the new week also. Yes, all the major stock markets have gone down anything between 2% to 4% on Monday, thanks to Hungary comments on near default by that country.
Also the US job additions were far below the expectations, and that report was released on Friday after the close of most of the Asian markets. So that negative impact is being reflected in today’s trading.
European markets are expected to open on a decent note today, as Hungary has come out with soothing statements on Saturday.