Market volatility continues

THE volatility seen on the international markets over the past week-and-a-half continued yesterday, with most exchanges back up after significant dips on Wednesday.

The drivers for the latest upturn were the announcement that German and French leaders will meet next week to attempt to thrash out new proposals to better manage the euro; and better-than-expected jobs data from the US.

The Franco-German talks will target more stability for the markets, which have remained shaky over fresh concerns of a global recession and doubt about the solidity of such powerful countries’ credit ratings. On the latter issue, the European Commission yesterday rejected the rumours that France could face a ratings downgrade.