Stocks are falling; the sky is not

Traders at the New York Stock Exchange today. Photograph: Keith Bedford/REUTERS


The sharp drop in global share prices today provides further evidence of just how jittery investors have become, writes Deborah Hargreaves.

The trigger for world markets to fall appears again to be inflation fears and the prospect of another rise in US interest rates later this month. But this surely masks wider concerns about the froth in some asset markets.