Financial markets are heavily distorted by the unprecedented market presence of central banks. Markets have become extremely sensitive to changes in central bank actions.
S&P 500 and Dow Jones both down
Strong recovery in Europe
Central bank policy a risk
Very similar environment to dotcom bubble
For the first time in a number of years, pan-European large company corporate earnings for 2017 look set to post a double digit year-on-year advance.
Outflows of €449m this week