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Daily Alert: Equities take a battering as sell-off resumes

  • Most major sharemarkets in Europe and North America have notched up noticeable falls overnight. 
  • As we’ve noted over previous publications, the ‘wall of worry’ – the Evergrande saga, the latest US debt ceiling stoush, stagflation fears and the gradual tightening in monetary policy  – has started to weigh on markets of late.
  • The other function of stagflation woes is that commodity prices have lifted overnight, in contrast the usual risk-off trend.

 

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