A day after the Bank of England slowed the pace of its quantitative-easing program, Federal Reserve data showed that its balance sheet contracted 1%, the first drop since late February.
LONDON: Markets may be headed for a wake-up call as the hypothetical risks that investors brushed aside to fuel a global rally become a reality.
Some nations that eased lockdowns are seeing Covid-19 infections rise, tension between the United States and China is growing, corporate finances are faltering – which should make the next earnings season particularly painful. And the UK seems closer to a no-deal Brexit with the European Union.
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