The mood in the stock markets has deteriorated.

Portfolio.hu

The mood in the stock markets has deteriorated.

The US stock markets took a nasty turn yesterday, the Dow did not close such a bad day in almost a year, but the other two leading indexes also suffered a serious fall. Worsening the mood was that the minutes of the Fed's recent meeting and strong U.S. economic data bolstered the narrative of interest rates staying high for longer. Asian stocks also fell after this, and according to the omens, the day may start to fall in Europe as well.