Global stock markets signed off on their worst three months in four years on Wednesday.
Markets saw falls of between 7% and 15% over the three months with the Shanghai index falling furthest, down 25%.
Confidence in stocks has been hit by the crisis in Greece, the Chinese slowdown and the threat of higher interest rates.
However, most markets ended the month with a final flourish, some making gains for the single day of over 2%.
On Wednesday, the Dow Jones, the main American index, ended up about 1.5%. The London FTSE 100 bounced up 2.58%
But some economists believe the economy is strong enough to withstand a rate rise.
Peter Morici, business professor at the University of Maryland, said: "Overall, a Fed interest rate increase won't harm growth and jobs creation, and the Fed is likely to begin gradually raising rates at its October or December policymaking meetings.
Global stock markets signed off on their worst three months in four years on Wednesday.Markets saw falls of between 7% and 15% over the three months with the Shanghai index falling furthest, down 25%.Confidence in stocks has been hit by the crisis in Greece, the Chinese slowdown and the threat of higher interest rates.However, most markets ended the month with a final flourish, some making gains for the single day of over 2%.On Wednesday, the Dow Jones, the main American index, ended up about 1.5%. The London FTSE 100 bounced up 2.58%But some economists believe the economy is strong enough to withstand a rate rise.Peter Morici, business professor at the University of Maryland, said: "Overall, a Fed interest rate increase won't harm growth and jobs creation, and the Fed is likely to begin gradually raising rates at its October or December policymaking meetings.
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