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VOLATILITY ROLLERCOASTER FOR BOTH CURRENCY & STOCK MARKET – PRESENTED BY MICHAEL HART – 16 OCT 2014
Published by Uma Rajagopal
Posted on October 17, 2014
1 min read· Last updated: October 17, 2014
Key Takeaways
- Markets experienced heightened volatility in both currency and equity markets on 16 October 2014.
- Investors fled risk assets into Treasuries and the US dollar as economic growth fears mounted.
- Equity markets showed sharp intra-day swings, with late recoveries failing to offset early losses.
References
Frequently Asked Questions
What triggered the volatility spike on 16 October 2014?
Growing concerns about a global growth slowdown, weak US data and intensified economic uncertainty triggered sharp volatility in both currency and stock markets.
Which assets benefited amid the volatility?
Investors sought safety in US Treasuries and the US dollar, while risk assets like equities and commodity-linked currencies declined.
Did any markets recover later in the day?
Yes, there was a late-day rally in US equities, though European and Asian markets largely remained in negative territory.
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