A semblance of calm returned to local markets as the JSE mirrored a recovery in European stocks after a rout the previous day pushed indices to their biggest drop since the outbreak of Covid-19 almost two years ago.
But as the US markets opened on Tuesday traders were reminded of the volatility that is likely to be a feature in the near term. Sentiment has swung in recent weeks as investors assessed factors from how aggressively the US central bank will tighten monetary policy — which would be a drag on economic growth and push stocks lower — and the prospect of a conflict between Russia and the West in Ukraine. ..
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