THE TIMES: Global stock markets, coming off their worst week in almost two years, fell sharply again today as investors pulled their money out of risky assets amid continued tensions between Russia and Ukraine and the prospect of interest rate rises in the United States.
With investors losing their appetite for risk, the sell-off spread to wider assets including oil and cryptocurrencies. Sterling, too, was out of favour.
In late-afternoon trading the FTSE 100, London’s blue-chip index, was down 172.66 points, or 2.3 per cent, at 7,321.47. It was on course for its biggest one-day fall since the end of November, when the Omicron variant first rattled investors.
The index has fallen in each of the past three sessions and given up all of the gains it … » | Tom Howard | Monday, January 24, 2022 [£] *
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