Saturday, January 29, 2022

Prospect of Soaring Interest Rates Sends Markets into Frenzy

THE TIMES: Volatility is back. Some of the world’s stock markets are oscillating violently, none more so than Wall Street. On Monday, Tuesday and Wednesday this week, the Dow Jones industrial average experienced intra-day swings of 1,271 points, 1,046 points and 939 points, respectively — huge movements by any normal measure.

While the trend in share prices has been sharply down since New Year’s Day, it is the erratic and wildly fluctuating nature of stock markets that has really caught the eye. » | Patrick Hosking, Financial Editor | Saturday, January 29, 2022

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