Global stock markets are on their shakiest footing in years.
Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth the effectiveness of central banks' policies.
At the same time, tumbling energy prices are upending the economies of oil-producing countries, further slicing into global economic growth.
Only six weeks ago cheap oil prices were still expected to cushion the global economy, and the Federal Reserve's decision in December to raise interest rates for the first time since the end of the financial crisis in 2008 was widely seen as a vote of confidence in the world's largest economy.
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Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth the effectiveness of central banks' policies.
At the same time, tumbling energy prices are upending the economies of oil-producing countries, further slicing into global economic growth.
Only six weeks ago cheap oil prices were still expected to cushion the global economy, and the Federal Reserve's decision in December to raise interest rates for the first time since the end of the financial crisis in 2008 was widely seen as a vote of confidence in the world's largest economy.
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