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Market resilience welcome but caution in order: BIS

Investors should be prepared for further bouts of extreme volatility and "flash crash" episodes

The BIS, often referred to as the "central banks' central bank", acts as a forum for the world's major monetary authorities.


FINANCIAL markets have been remarkably resilient to rising bond yields and the sudden shift in outlook following last month's shock US election result, but the sheer scale of uncertainties ahead means the adjustment will be "bumpy", the Bank for International Settlements (BIS) said...

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