Mark Matthews of Julius Baer feels the next few days will be critical for global markets. The US markets plunged sharply, with the Dow down more than 500 points, in its worst one-day drop since December 2008. "There could be further global correction due to sentiment damage," Matthews said.
European policymakers tried to turn a more powerful fire hose on the Eurozone debt crisis on Thursday but financial markets were unimpressed with their response. [Read more]
According to Matthews, the ECB response has been unpopular amid the crisis. "The US economic data has been weaker-than-expected,
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