Global markets finished sharply lower on the week with the MSCI World down -4.06% (YTD -6.8%) following downbeat forecasts from the Fed and OECD. Federal Reserve Chairman Jerome Powell on Wednesday warned that the US economy faces a long road to recovery, with unemployment likely to remain elevated for years.

Before Thursday’s market sell-off, markets had passed some big milestones – on Monday, the S&P 500 briefly returned to positive territory year to date while on Wednesday, the Nasdaq closed above 10,000 for the first time. CLICK HERE