Jittery markets slide down again
Stock markets in Europe and the US have tumbled again, a day after a Federal Reserve pledge to keep extremely low interest rates for two more years temporarily calmed investors’ jitters.
An initial US surge continued into Asian and European trading sessions, although traders remained nervous after the market turmoil of recent weeks, which has sent many global markets officially into bear market territory - falling 20% from recent peaks. That nervousness became more acute as the US open loomed and European markets gave up all their earlier gains.
