FSB says risk aversion back at ‘elevated levels’

Hong Kong

Sentiment in global financial markets has turned sharply negative during the past six weeks, following a period of calm at the start of the year, with tensions increasing and risk aversion returning to elevated levels, according to a statement issued by the Financial Stability Board on May 30. "In the euro area, the adverse feedback loop between sovereign debt strains, weak economic growth and fragile banking systems has intensified," the statement said. "There has been a pull-back in cross-bord

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