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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Microsoft's massive glitch: from stock markets to airports

July, 19 2024
watermark Economic news

On Friday, the world faced a massive glitch in Microsoft's systems. Stock indexes of the largest countries in Western Europe fell sharply, reflecting investor concern. 


Stoxx Europe 600 lost 0.66%, FTSE 100 – 0.75%, DAX – 0.9%, CAC 40 – 0.88%. Italy's FTSE MIB and Spain's IBEX 35 declined 0.8% and 0.6%, respectively. 


A malfunction of Microsoft Windows caused by an update from CrowdStrike has led to serious problems in many countries. Air transportation has been severely affected. The largest American airlines Delta, United Airlines and American Airlines have suspended all flights. Airports around the world, including Berlin, Spain, the United Kingdom and Germany, reported flight delays. Emergency measures have been introduced in Hong Kong, airport staff manually check in passengers. Flights were also delayed at airports in Singapore and Malaysia. 


Banks, media and rail carriers also faced problems. In Australia, the outage affected banks, airlines and media, including the ABC channel. In the UK, Sky News could not broadcast live due to technical problems. Rail carriers in the UK also faced technical problems.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.