markets are very nervous. and that volatility has come in because we've seen dramatic falls in oil prices. that's had a big impact on emerging market currencies, and it's also, as you know, hit the big oil stocks in the s&p and the dow here. so really we're looking at the federal reserve for cues as to where to go next on the risk story. volatility will remain the watch word, i think, for the next 48 hours or so. i want to move you on i mentioned emerging market currency being hurt. the russian central bank has hiked interest rates to a whopping 17%. 17% as the bank tries to stop money leaving russia right now. the ruble lost 10% on monday. it has seen dramatic falls prior to that. that was enough to break the nerve of the central bank, which reacted to try to support the
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