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Global financial markets to face ‘moment of reckoning’, expert warns

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A moment of reckoning that will cause a significant economic adjustment is fast approaching in global financial markets, a senior investment analyst has warned.

John O’Toole, head of multi-asset investment solutions at Amundi in Dublin, made the comments after a turbulent week for global markets

following the collapse of Silicon Valley Bank in the US, which triggered a massive sell-off in banking shares and stoked fears of a new financial crisis.

 

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