Mario Draghi vows 'we are not surrendering in front of these global factors'
Commodities and stocks continued to plunge in the first half of the week, with the moves taking many of the world’s main equity markets down more than 20% from their 2015 highs — the common definition of a bear market.
Meanwhile, oil prices fell to close on $26 a barrel, their lowest level since 2003. Sterling also remained under pressure, with cable (the GBP/USD currency pair rate) falling below $1.41, its lowest level since 2009.
