Be cautious but a good buying opportunity, say fund managers

Reactions to the market volatility and a surprise interest rate cut continue to pour in, with many fu...

Reactions to the market volatility and a surprise interest rate cut continue to pour in, with many fund managers still indicating this is the best time to buy. The start of the week saw falls in most world equity markets on the back of raised concerns of a US recession but the Federal Reserve gave hope to investors yesterday with a 0.75% interest rate cut, the first emergency measure since 2001. Today sees equity markets decreasing once again with the FTSE 100 1.76% at 11.19am, the Eurostoxx 50 down 2.70% whilst the Dow Jones was down 1.06% at close of play yesterday. Threadneedle’s he...