27 Aug 2015
Volatility to remain high over coming months - ANZ
FXStreet (Bali) - Volatility is now markedly higher and is likely to stay that way over coming months, notes ANZ.
Key Quotes
"The rout is at least no longer mindless. There has been a degree of decoupling in recent days between China’s equities, which fell again overnight (more modestly) despite the PBoC’s easing actions, and global equities – while European shares fell overnight, US markets managed to lift as bargain-hunters took the floor."
"Equity markets are fighting back but are not yet all that far off their lows. Volatility is now markedly higher and is likely to stay that way over coming months as nervous traders react – and overreact – to news, particularly relating to the Fed, and to China."
Key Quotes
"The rout is at least no longer mindless. There has been a degree of decoupling in recent days between China’s equities, which fell again overnight (more modestly) despite the PBoC’s easing actions, and global equities – while European shares fell overnight, US markets managed to lift as bargain-hunters took the floor."
"Equity markets are fighting back but are not yet all that far off their lows. Volatility is now markedly higher and is likely to stay that way over coming months as nervous traders react – and overreact – to news, particularly relating to the Fed, and to China."