Friday, August 5, 2011
Russian market battered as global markets wilt
"Russian markets have been caught up in the global selloff which has seen the Dow Jones close 4.3% lower overnight with the FTSE 100 in London down 3.4%. In Moscow, the MICEX was 3% lower at 11.00 AM after opening 4% down.
Friday trade has seen Asian markets continue to slide with Australia down more than 4%, Hong Kong down 4.7% and Tokyo down 3.6% with concerns over the global economy ranging from Eurozone sovereign debt fears, to weak U.S. growth figures, to inflation in China dogging investors who have seen sentiment reverse since spring.
In Moscow the MICEX has opened 4% down after taking a 2.1% hit on Thursday.Brent Crude is holding at around $107/bbl, with the WTI price in the saturated U.S. market falling further to $85.56/bbl at the close of U.S. trade – its lowest in 5 weeks.Most industrial metals are lower with gold trading at $1660/oz and beyond as far vas an all time high of $1684.90/oz.
The nerves weighing on investors globally after the U.S. debt ceiling negotiations of last weekend, were frayed further with ECB President Jean Claude Trichet revising his outlook for the Eurozone economy at the same time as European Commission President Jose Manuel Barroso called for a deepening of the Eurozone bailout mechanism, adding he had ‘deep concerns’ about Italy and Spain.The comments reverberated through Euro markets in Thursday trade and set the scene for heavy falls in the U.S. overnight."
Continue reading article on Russia Today
Friday trade has seen Asian markets continue to slide with Australia down more than 4%, Hong Kong down 4.7% and Tokyo down 3.6% with concerns over the global economy ranging from Eurozone sovereign debt fears, to weak U.S. growth figures, to inflation in China dogging investors who have seen sentiment reverse since spring.
In Moscow the MICEX has opened 4% down after taking a 2.1% hit on Thursday.Brent Crude is holding at around $107/bbl, with the WTI price in the saturated U.S. market falling further to $85.56/bbl at the close of U.S. trade – its lowest in 5 weeks.Most industrial metals are lower with gold trading at $1660/oz and beyond as far vas an all time high of $1684.90/oz.
The nerves weighing on investors globally after the U.S. debt ceiling negotiations of last weekend, were frayed further with ECB President Jean Claude Trichet revising his outlook for the Eurozone economy at the same time as European Commission President Jose Manuel Barroso called for a deepening of the Eurozone bailout mechanism, adding he had ‘deep concerns’ about Italy and Spain.The comments reverberated through Euro markets in Thursday trade and set the scene for heavy falls in the U.S. overnight."
Continue reading article on Russia Today
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We all know that the problems in economic problems on both sides of the pond and the politicians say that its to get worse before it ever will improve.
Many of us are not lucky enough to even be able to depend on extra hours of work or bonuses. Your just trying to hold on for dear life and keep your head above water.
We understand your frustration and fear of what is coming down the bend.
Why not turn that worry into profit for you and your family?
We feel that we have a solution that will possibly solve your problems Our steams of income are created no matter if the markets are up or down!
Let us show you what we have and see if it's for you and your family or not. After all what have you got to lose?
If you NEVER look into new possibilities NOTHING will ever CHANGE for you and your family.
We are not going to ask you to sell bottles of over priced juice, vitamins, cleaning products or some other over priced product that you could by at your local store for three times cheaper. http://tiny.cc/easy3000
Our educatioal system will allow you to learn the Stock, Forex and Futures Markets and trade them with confidence!
You earn an above average income using our Indicators. Come see what you have been missing!
We have FREE local weekly meetings & webinars to accommodate even the most busy schedule, why not learn more http://fgwie.blogspot.com/
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