It would appear we're in for another day of risk-off trade, with parts of Asia recording heavy losses and Europe opening on the backfoot.
Fear of tightening-induced recessions has wiped out the recovery we saw in stock markets over the bulk of the summer as investors were once again burned by an over-eagerness to catch the bottom in the market despite there being little evidence of it being justified.
That fear has now gripped the markets and we may see a little more caution going forward as the
28-09-2022 04:00 GMT
by Craig Erlam