'Don't Panic!' the message as stock markets tumble - Business Middle East

Описание: The slump in world stocks has not left Middle East markets untouched. Global share prices recently suffered some of their worst declines of the past three years.

Ebola, fears of the effects of slowing economic growth, and speculation about interest rate hikes in the near future have all played a part.

This is raising worries that stocks could tank, with the Middle Eastern markets also becoming vulnerable.

US, European and Asian stock exchanges were hit by weakening global growth, the rising risk of eurozone deflation and fears of a new recession in the region. Those concerns impacted on banks and other financial stocks. Rate hike speculation and the spread of Ebola, which pulled down travel related shares, also fed the negative sentiment.

Despite a bounce at the end of last week, exchanges around the world, particularly Europe and the US, have lost their previous gains from 2014, slipping into the red for the year.

While last week's declines were worrying, some analysts saw them as the effects of fear contagion - a domino effect on Middle Eastern markets.

Whether in Europe or the Middle East, pessimism has pushed investors towards safe havens such as government bonds of the more economically stable countries and gold.

To get a better understanding of these issues Business Middle East's Daleen Hassan spoke to Nour Eldeen Al-Hammoury, Chief Market Strategist with ADS Securities in Abu Dhabi...

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