Market Turmoil: Stocks Fall Globally Amidst Volatility Shock

European and U.S. stock markets faced significant losses, reflecting the tumultuous sessions in Asia and the U.S. amid weak U.S. job data and heightened investor anxiety. Japan's yen rebounded, causing further volatility. Traders await U.S. jobless claims data, expecting Federal Reserve rate cuts. Oil prices remained steady after rising.

European and U.S. stock markets tumbled on Thursday, following turbulent trading sessions in Asia and the Wall Street, as investors grappled with market volatility.

The Japanese yen and U.S. bonds gained as traders anticipated the U.S. weekly jobless claims data after weak employment statistics caused Monday's market rout.

The continent-wide Stoxx 600 index fell 1% in early trading, Germany's DAX index was down 0.6%, and Britain's FTSE 100 dropped 1.1%. U.S. S&P 500 futures slipped 0.4% after a rough previous trading day.

(With inputs from agencies.)