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.
