Jamie Dimon, the head of JPMorgan Chase – one of the world’s biggest banks – says the United States’ economy is facing “considerable turbulence”.

Despite opening well this Friday morning, the three main stock indexes in Europe are now down after China announced that it will retaliate further to US tariffs – after the Trump administration confirmed the tariff on China is now 145%. 

You don’t have to be a business major to be interested in the stock markets, and unless you’ve been living under a rock these last few days, it’d be almost impossible for you not to have heard about a stock market crash.

Since Donald Trump announced his ‘Liberation Day’ tariffs you would have heard a lot about the stock markets, them crashing and fears of a global recession.

Here’s a simple guide to the stock markets and what they mean.