Shares worry focus on US rates

The recent market correction signals a return to greater volatility, writes Oliver Mangan

Stocks staged a good recovery over the course of last week, with most markets up by around 3% to 5% from their lows of the previous week.

However, markets are still 5% to 10% below their January peaks. This supports our view that the recent correction is unlikely to be a precursor to a major stock market crash but rather signals a return to greater volatility.