Market Sentiment Seems to be Driven by Swine Flu Concerns
Developments surrounding the Swine flu continued to grab the spotlight, as the WHO raised the global alert from phase 3 to 4 last night. The renewed concern over the virus reportedly decreased risk appetite, causing global equity markets to decline. While analysts have begun extrapolating how growth and asset prices will be affected, we caution traders to take these reports/theories with a grain…