Markets shaken as indices reach new low

Cowen confirms that last week's close saw the S&P 500 down 6.5% and Eurostoxx 50 falling by 6.2%. "ETF volumes were mixed. US was again above average as per the previous week whilst those of Europe again were below the norm with -10% on average of their respective six month average flows." Lyxor reports the weekly on-exchange ETP turnover fell by as much as 9.4% the previous week to €13.6bn. Underlying equity market activity (as measured by the Stoxx Europe 600 Index turnover) fell by 0.28% on the previous week at €129bn. In terms of market share, iShares nudges into top position w...