Weak employment data, the simmering Middle East, election jitters, and many other factors are taking the blame for rattling the markets.

Czech industrial production came in below market expectations, falling 9.1% from a year earlier. However, this was partially due to a high comparison base and more working days in the previous year.

EUR/USD eases throughout Tuesday after it briefly peaked above 1.10 on Monday. Markets see safe havens easing while US Dollar gains traction. Monthly Germany’s Factory Orders unexpectedly surged 3.9% in June.

Uber Technologies reported its latest quarterly earnings.

Warner Bros. Discovery stock price has been one of the worst-performing stocks in Wall Street this year as the company has faced substantial internal and external challenges.

The Nikkei closed the morning session up 9.4 percent. Expect a retest of the lows because the Bank of Japan has signaled it serious about strengthening the Yen.

USD/JPY faces pressure after recovering to near 146.40 amid firm Yen’s safe-haven appeal. Fears of global slowdown and a higher-than-expected BoJ rate hike have strengthened the Japanese Yen.

With the S&P 500 having tumbled some 480 points from its 16 July 2024 record high of 5,667.20 as of Monday, 5 August 2024, it's a good time to consider whether order might be starting to break down within the U.S. stock market.