Global stocks and bonds have been falling in tandem since mid-August with galloping inflation forcing big central banks such as the Federal Reserve, Bank of England and European Central Bank to ramp up the pace of monetary policy tightening.
Policymakers have repeatedly signalled they will continue with interest rate rises until they have tamed the worst inflationary pressures in four decades, but fears are growing among investors that the combination of monetary tightening and high energy prices will lead to an economic recession in both the US and Europe.
Since the start of the year, both the FTSE All World index (including dividends) and the Bloomberg Global Aggregate bond index have dropped 16.8 per cent.
您已阅读22%（716字），剩余78%（2496字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。