Peak of Erudition

The Asian stock markets have corrected by 3% to 6% in the last few days, due to weak consumer confidence data from US and also negative GDP data from UK. The global markets are likely to remain subdued for the next few days unless there are strong positive economic indicators coming out of US and Europe.
There is also a rising danger of commodity prices which in turn is fueling inflation. That in turn will be forcing most of the central banks to raise the interest rates, which can pull down the economic recovery.