Global share markets suffered significant corrective losses from the middle of the last week, although these setbacks are currently viewed as corrective within the context of strong 2019 recovery rallies.
Nevertheless, the depth of the price erosion for major US, European and Asian equity averages highlights risks for further losses at least in the short-term into mid-February.
This activity has reflected mounting concerns from latter January into early February of a global economic slowdown, more recently reinforced by a more dovish tone for the Reserve Bank of Australia, a disappointing New Zealand Employment report and significant downgrades in European growth forecast from the European Commission.
Here we focus on downside correction risks for the UK benchmark average, the FTSE 100.
See the full article: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/stock-indices-remain-vulnerable-to-corrective-losses/