Stock Market Flux Flusters Analysts
Dipping American stock prices caused a ripple effect on world markets Tuesday and Wednesday, as analysts predicted more instability soon. The U.S. mortgage market is the source of the current concern, which some stock-watchers believe portends a "bloodbath."Dipping American stock prices caused a ripple effect on world markets Tuesday and Wednesday, as analysts predicted more instability soon. The U.S. mortgage market is the source of the current concern, which some stock-watchers believe portends a “bloodbath.”
Rooted in Truth.BBC:
Analysts said that market volatility was likely to continue, especially as many markets and stocks had climbed to their highest levels in more than six years.
Lee Cheng Hooi of EON Capital said that the worry for investors was that the problems in the US mortgage market could cause the world’s biggest economy to slow down.
“This will cause a domino effect on the world economy,” he explained. “There could be more bloodbath to come.”
Independent by Design.
Your support helps ensure that rigorous reporting, thoughtful analysis, and investigative journalism remain accessible to everyone.
Support independent journalism.
Immigration
New taxes and regulations on remittances could further destabilize countries like Somalia, where half the population lives in poverty.
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.