Return of market volatility no cause for alarm – BIS

ZURICH: Volatility on the financial markets is back, but central banks need not be alarmed by any sudden ructions and jolts as crisis-fighting measures are gradually rolled back, the Bank of International Settlements said on Sunday.

The world’s stock markets, and Wall Street in particular, started this year in spectacular form, clocking up one record high after the next, but have since suffered a brutal downward correction, the BIS—which is often described as the central bank of central banks—said in its quarterly report.