Chinese whispers unsettle American markets

After a stellar 2013, a sense of skittishness is creeping into US financial markets, at least in relation to the short-term outlook.

26th January, 2014
At the weekend, the Dow Jones closed down 318 points, its worst drop since last June.

After a stellar 2013, a sense of skittishness is creeping into US financial markets, at least in relation to the short-term outlook. The Dow Jones Index is down by more than 2 per cent this year, having risen by about 26 per cent in 2013. The more broad-based S&P 500 has suffered just a 1 per cent drop, but this also comes against the backdrop of a 2013 advance of even greater magnitude than the Dow's, around 29 per cent.

The...

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