LONDON - Global markets have kicked off the week in full selloff mode, with measures of volatility shooting up by the most on record in a single day, while equity futures and cryptocurrencies plummet, reviving memories of past crises.
The excess volatility and the brutal nature of the selloff have prompted a number of comparisons with past market storms, - the 1987 Black Monday stock market crash, the global financial crisis of 2008, and the panic that the onset of COVID-19 lock-downs unleashed in 2020.The VIX index, which reflects changes in implied volatility on options on the S&P, is starting to signal distress.
It has also been a traditional safe-haven asset and strengthened around 7% on a weekly basis in both 2008 and in 1998, at the height of the Asian financial crisis. But the current move is likely more linked to an interest-rate play than down to risk appetite. Silver often moves in synch with gold, but lacks the same safe-haven appeal. It is down 5% on Monday, but, much like stocks and gold, this is a relatively modest decline compared with numerous double-digit down-days in 2020 and a near 16% fall in a single day in October 2008.Netflix shares have been under pressure over the past month but one analyst is "increasingly bullish" on the stock.
Growing Prevalence of Infertility & Advancements in Reproductive Technologies are Major Growth Drivers for the Infertility Drugs MarketWilmington, Delaware, Aug. 05, 2024 -- The infertility drugs market is experiencing notable growth, driven by rising infertility rates and advancements in reproductive technologies.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »