Investors are “in the teeth” of a severe sell-off – but one which may be over relatively quickly, according to equity income manager Neil Woodford.
UK stock markets recovered slightly on Friday morning as investors looked for bargains in the aftermath of recent volatility, which sent equities to a 16-month low the previous session.
UK stocks attempted to claw their way back on Thursday, though early gains were quickly trimmed as shaky investors continued to tread nervously after a 'flash-crash' in US Treasury yields in the previous session.
Weak inflation data in China and Germany reignited fears about a global economic slowdown on Wednesday, pushing UK stocks sharply lower in morning trade.
Stock markets have dipped worryingly over the past month. Is this a temporary blip? Or the start of something more sinister?
UK stocks declined on Tuesday as gains in the mining sector were offset by disappointing updates from the likes of Burberry, Hargreaves Lansdown, SABMiller, Michael Page International and Mulberry.
Shares on Wall Street have recorded the worst three-day streak since 2011 after another sharp move lower overnight, with investors continuing to fret over the end of the US Federal Reserve's bond buying programme.
There was no let-up in the selling pressure on Monday as the UK stock market resumed its sell-off despite a strong performance by the mining sector.
Japanese equity funds have seen the largest even outflows in US dollar terms as investors rushed for safe-haven cash, latest data from Bank of America Merrill Lynch reveals.
The selling pressure continued on Friday morning as UK stocks opened at their lowest levels over the year, with ongoing concerns about the global economy sparking further volatility across equity markets.
UK stocks jumped in early trading on Thursday as a dovish set of Federal Reserve meeting minutes and a strong start to the earnings season prompted strong gains on Wall Street the previous session.
US stocks posted their largest one-day gain this year as the latest meeting minutes from the Federal Reserve suggest it may adopt a more cautious stance on hiking interest rates.
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite.
Markets in the US fell overnight, after the International Monetary Fund (IMF) cut its forecast for global growth for the next two years.
Strong gains in the UK mining sector weren't enough to keep London's FTSE 100 from slipping into the red on Tuesday morning.
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