multiplier effects they do spread out from that kind of uncertainty, the potentialfor uncertainty, the potential for inflation, uncertainty, the potentialfor inflation, further inflation, and further interest rate rises. it s interesting, but i ve noticed throughout this week that europe has been very volatile as well stop it is real concerns about the situation in europe notjust with omicron but also with rising cases in various parts of europe prior to knowing about omicron but asian markets have been more sanguine this week. , ., have been more sanguine this week. , . , , week. yes, and i suppose they have had week. yes, and i suppose they have had different week. yes, and i suppose they have had different impacts - have had different impacts affecting them, because china is still pursuing a zero covid strategy so it is very difficult to know how that will impact their growth going forward. dave also had issues of being hit a few weeks ago with all the ever grand problems and no
there is still so much unknown about omicron. absolutely. it is the uncertainty that affects the investors. as you say, we saw this extraordinary swing yesterday with equities in the us, the broad based snp 500 up and then a rapid sell off to the end to finish off i.2%. as you say, that is a large swing and it comes on top of tuesday. it is the other uncertainty of covid and how those effects that have broadened over the market, what does it mean for inflation, what does it mean for goods inflation, what does it mean for the labour market? there are a lot of different worries for the market to face. if you are to that as well the testimony from jerome powell earlier this week in the us, that s the us federal reserve chief, that has added, really, hasn t it, to the fear factor and the worry that if