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E-mailSource: Financial Times, 23rd September 2011
Pick up a decade old copy of this paper and explanations of why markets moved seem parochial. Perhaps US stocks fell because of Microsoft earnings, Japanese bond yields rose on a good Tankan survey and Brent crude rallied on tensions in the Middle East. In a volatile week such as this one, all three are now likely to move in lockstep as traders are far more cognizant of other asset classes and take their cue from economic policymakers' pronouncements.
