Global financial markets in 2015 were pulled between two opposing forces: The first was the Federal Reserve’s determination to raise interest rates as the U.S. job market strengthened. The second was pressure for lower interest rates in much of the rest of the world as China’s economic growth slowed and commodity prices sank.
These two themes again dominate the first day of trading in the New Year as investors are being greeted with risk aversion as bond futures rally while equity markets plummet. Expect the “big”…
Deja Vu: Markets Fall To Open 2016 As Risk Aversion Dominates
No comments:
Post a Comment