Turbulent times: Traders on the floor of the New York Stock Exchange. A shaky start to September follows the global rout on Aug 5. — AFP
MOUNTING unease over the US economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving investors scrambling for protection and fearing another round of currency chaos.
Following a rapid recovery for risky assets such as stocks and high-yield bonds from a chaotic early August sell-off, traders have lost their short-lived optimism that US interest rate cuts would support growth.
