| Global markets, which witnessed a sell off last week, may go to the extent of slowing global growth, analysts said, even as they sniff for investment opportunities. Global markets fell between 1-4 per cent last week, with the Dow Jones Industrial Average falling 500 points. Gold, however, recovered more than 10 per cent from its recent low on safe haven buying.
“The greatest near-term worry is that the fallout seen in the financial markets has a negative and reinforcing impact on global growth. The legacy of the turmoil in emerging markets is of course most likely to be lower growth in those economies,” said Gary Dugan, chief investment officer, at National Bank of Abu Dhabi...............................................Full Article: Source
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