Conditions point to high risk of ‘financial accidents’

US stocks appear to have entered the ‘final stages’ of a bear market. But the final low for the S&P 500 is seen around the 3000 to 3400 point level, which would represent a drop of another 16 per cent from last week’s close. Current conditions are such that financial accidents can easily happen, some market watchers warn.

Markets fall again as oil surges, ECB faces complex dilemma

Financial markets started another volatile week on Monday, extending their declines after leading stock market indices fell sharply on Friday amid worries about the ripple-effects of Russia’s war against Ukraine. Oil prices surged further on Monday, with North Sea Brent crude trading near a record high 139 dollars per barrel amid talk of a ban on Russian oil imports.