Risk Aversion Hits Global Markets

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A wave of risk off sentiment engulfed markets yesterday after US and European shares tumbled on growing concerns over the Covid-19 Delta outbreaks threatening the global economic recovery.

The sour mood is likely to dish out more punishment to equity markets today as investors seek refuge in safe haven destinations. Given how the outbreaks are being reported in places ranging from Australia to Indonesia and the United Kingdom, caution is likely to remain the name of the game. Even though US futures are climbing after the S&P 500 collapsed like a house of cards overnight, the selloff… Read More:

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