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    Global markets in a risk-deleveraging phase

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    Global markets in a risk-deleveraging phase

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    Overall, global markets remain in a risk deleveraging phase; and are getting rid of risk across asset classes, and equities, of course, are no exception.  Two worries – global growth and strong inflation are getting intertwined.

    Wall Street surged to close higher on Friday to end a week marred by worries about the worsening outlook for economic growth. The S&P was up 2 percent, and Nasdaq was up 3.8 percent.
    Global equities - the MSCI World Index fell 2 percent Friday to Friday last week. Emerging market equities took it even worse. So the Nifty was down almost 4 percent. There is a bit of a lead-lag catch-up here.
    S&P is down a lot more year to date (YTD), while indices like Nifty, of course, are nowhere close. They have lost about 50 percent - for example - of about what the S&P has lost.
    Overall, global markets remain in a risk deleveraging phase; and are getting rid of risk across asset classes, and equities, of course, are no exception.  Two worries – global growth and strong inflation are getting intertwined.
    Watch the accompanying video of CNBC-TV18’s Prashant Nair for more details
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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