Part 4/8:
Contrasting the positivity in Asian markets, European and US stocks faced headwinds last week due to disappointing economic data. American indices fell from their record highs, primarily driven by concerns around trade tariffs and a slew of weak economic indicators. A broader sell-off was observed on Wall Street as investors reacted to alarming signals about the state of the US economy. The University of Michigan's consumer sentiment index recorded a significant decline in February, raising red flags about consumer confidence.