Global markets are having a rough 2018. What’s worse, there’s little relief in sight.
From Shanghai to Tokyo, and Frankfurt to Milan, some of the world’s biggest stock indices are in bear markets, having fallen more than 20% from a recent high.
The weak performance across many global markets has been driven by a potent cocktail of risks.
“Almost all markets, both stocks and bonds, have fallen in value this year, under pressure from rising interest rates, political developments such as Brexit, and the trade dispute between the United States and China,” Peter Harrison, the chief executive of asset manager Schroders, wrote in a note to clients.