Posted Sep 23, 2022, 5:25 PMUpdated Sep 23, 2022, 6:55 PM
Accelerated monetary tightening by central banks and fears of an impending recession have sent market rates soaring and wreaked havoc on equity markets this week . In Europe, the broad STOXX 600 index and the Parisian CAC 40, down more than 20% from their last peak, have officially entered bear market territory.
L he bond market is on the verge of a crash, both in the United States and in Europe. European stocks have come under particular pressure this year, as they are more affected by the war in Ukraine and the escalating energy crisis than their US counterparts.