Equity volatility over the past few weeks is being seen as a sign of a return to a broader-based, le...
Equity volatility over the past few weeks is being seen as a sign of a return to a broader-based, less-polarised, more considered market, and an end to the sharp distinction between old and new economies. This is already happening in the retail sector, which some fund managers now see as facing a long-term decline in the wake of the announcements of a slow down in retail sales growth, a worrying rise in the consumer price index, and the promise of further interest rate rises. During trading on 13 and 14 April, the S&P Retail Speciality Index fell by 12% in dollar terms, and the S&P Consu...
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