Investors’ “love affair” with shares could be heading for a “nasty break-up”, says the Financial Times. America’s S&P 500 has fallen by 4% from last month’s record high. The pan-European and German markets are down by more than 10% – taking them into official ‘correction’ territory. Is this the end of the post-2009 rally?
The lengthening list of geopolitical problems seems finally to have snapped markets out of their complacency. The worsening crisis in Ukraine, with Russia now slapping tit-for-tat sanctions on food and agricultural products from Europe, has caused the greatest worry.
“The evidence is building [...]