Global markets recovering after Monday’s crash

Global stock markets are calmer today after tumbling on Monday following weaker-than-expected U.S. employment data and the Japanese yen’s reverse carry trade. The KBW Nasdaq Bank Index, a benchmark that tracks the performance of 24 publicly traded banks, including JPMorgan Chase, Citi, Bank of America and BNY Mellon, was down 1.2% on the day of the index’s close.