August is traditionally a quiet time for financial markets. Thin trading during the holiday period ...
August is traditionally a quiet time for financial markets. Thin trading during the holiday period can mean that share prices bounce around a bit but they are typically directionless and little attention is paid to them. Well, not this year. Equity markets tumbled by 10% or more in late July/early August and credit markets seized up. The crisis started with worries about the sub-prime US mortgage market - a heady combination of lenders who should not have been lending, borrowers who should not have been borrowing, teaser starting rates and lax lending standards. Although stock markets ha...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
