Tech woes and trade fears sustain volatility


Tech woes and trade fears sustain volatility

This week we saw more of the market jitters that have been with us since the start of the year. While nothing fundamental has happened yet, fears that something will keep growing, as the list of potential downturn triggers keeps getting longer. Increased speculation over a possible trade war, regulators ending the dominance of the tech giants and Brexit uncertainties remain high on the list. This is fairly normal after such a long period of growth; after each additional good year, the odds on another one keep getting longer. Nevertheless, while any one of these things could happen, the fact remains that there is plenty to worry about but little to act on.
 
Elsewhere the pushback against Russia over the suspected poisoning of a defector in Salisbury has been surprisingly coordinated. Over a hundred Russian diplomats have been expelled by the UK, EU and US. How much of a blow this will be to Russia remains to be seen but it is a show of unity that few were expecting. Whether this will translate into any more meaningful cooperation remains to be seen.

Read what the team at FE consider to be significant over the current week.