Global financial markets to face ‘moment of reckoning’, expert warns
Amundi investment analyst says significant economic adjustments inevitable due to rising interest rates and slowdown in growth
A moment of reckoning that will cause a significant economic adjustment is fast approaching in global financial markets, a senior investment analyst has warned.
John O’Toole, head of multi-asset investment solutions at Amundi in Dublin, made the comments after a turbulent week for global markets following the collapse of Silicon Valley Bank in the US, which triggered a massive sell-off in banking shares and stoked fears of a new financial crisis.
In Europe, Credit Suisse ...