Stock market falls: what they're saying in Davos

As shares tumble across global markets, the reaction at the World Economic Forum has varied from pessimism to stoicism

I think we're witnessing a collision of events which has provoked an immediate sense of crisis. Whether it's commodities, China, oil prices, terrorism, geopolitical turbulence - all have landed particularly in the month of January, and there is an immediate impact which is reflected in the stock market. At the moment what is being discounted are some of the positives that come out of low oil prices in economic terms. It is only being looked at in the lens of bad news.