It has been a turbulent week for markets following the release of the July 27-28 minutes of the US Federal Reserve meetings last Wednesday (Aug 18), showing that the potential for monetary tightening in the next five months is higher than anticipated.
Despite a positive session for the Dow Jones Index last Friday, when it gained 226 points, the index lost a net 395.30 points for the week to close at 35,120.08 points. This, however, is still its third-highest close.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.