Markets regain lost footing but outlook poor

Markets regained some of the huge losses incurred over the past few days as data coming out of the US showed the world’s largest economy continues to recover.

Stockmarkets have tumbled and bond yields for periphery eurozone countries have risen as the newsflow over the past week points to continued weakness globally.

Lorcan Roche Kelly, head of Agenda Research, said there was no single factor that triggered the mass selloff, rather it was a series of smaller factors that derailed the strong market run over the past few months.