Single week marks one of the worst since financial crisis

Single week marks one of the worst since financial crisis

Losses on the FTSE 100 accelerated today with the US opening sharply lower as investors continue to pull billions out of the equity market. This week’s sell off is now approaching 12% and marks one of the worst weeks for global stocks since the 2008 financial crisis and, at this stage, shows no signs of slowing.In contrast to Monday’s rally in gold, the precious metals price is now reversing with speculation that profit taking is now occurring in the gold market. Investors are now looking to central banks around the globe to step in and stimulate the global economy to prevent a global recession.