Europe, Cyprus vulnerable to US Market turbulence

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Europe, Cyprus vulnerable to US Market turbulence
 © BusinessMail 2018
By Stelios Orphanides

Turbulence on US financial markets which is spreading to other regions may well be an indication of an impending worldwide economic slowdown, two people familiar with the matter said in separate interviews on Friday.

The sell-off, which started last week on the New York Stock Exchange and led The Dow Jones Index on Thursday to drop by over 1,000 points for the second time in a week, is related to the expected phasing out of the Fed’s accommodative monetary policy, said financial consultant Elena Constantinou.

The Dow closed 4.2 per cent lower on Thursday...


Europe, Cyprus vulnerable to US Market turbulence


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