Investors bracing for steep falls

By Patrick Commins
Updated August 1 2014 - 11:18am, first published 9:36am

Shareholders are bracing for a steep fall at the open of trading on Friday after Wall St suffered its worst decline since April overnight as Argentina’s default added to a growing list of geopolitical worries and investors fretted over the potential for the US Federal Reserve to raise rates sooner than expected.