Volatility and selling return to stocks
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The rebound in US markets may be over as fears about the health of the economy take hold again, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Selling resumes across indices
After a week in which hopes of rebound for battered US stocks predominated, US stocks have turned firmly lower in the final session of the week. The big worry for investors is that the US economy, far from firing on all cylinders, is facing major headwinds, and FedEx’s warning today provides a more granular look at the economy that reinforces those fears.
European markets dragged lower
European markets have been the winners this year compared to an embattled Wall Street, but if US markets see another big move lower then the FTSE 100, Dax and others will not remain immune. Volatility is resurgent this afternoon, a potential harbinger of more to come.
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