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Ebola crisis sparks pullback in risk appetite

Published Friday, October 10th, 2014

Global equity markets came crashing back to down to earth yesterday with the short-lived bounce provided by the Fed’s dovish stance proving unable to alleviate the overwhelming concerns over waning global economic growth. In what has been a dismal week for the eurozone’s power house, Germany once again made headlines for all the wrong reasons as it posted the latest in a seemingly long line of weak data. Trade figures revealed its exports experienced their steepest monthly decline since early 2009 in August, slumping 5.9% from the previous month, and compounded fears that the currency-bloc is teetering on the verge of recession.

Adding to the risk-off mood which saw Wall St plummet 2% are anxieties surrounding the growing threat of the Ebola crisis. Fears of a potential epidemic prompted the US authorities to introduce airport screenings whilst there are worries that the disease may have already made its way to the UK after it claimed its first British casualty. The outlook looks very bleak indeed and those of a bullish disposition face an uphill struggle. This week may have marked a turning point in the battle for the return of economic advancement and a disappointing corporate earnings season would undoubtedly signal a return to a period of retrenchment.

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Posted by Stephen Brennock

Stephen Brennock joined PVM in 2013 after having worked as a project manager for a business development firm. He graduated with a degree in Business Management in 2007.