Tweet
Share markets plummet as fear returns
Originally posted by 5corpio
European and US shares have seen more large falls, as the uncertainty that has caused recent turmoil returns. London's FTSE 100 index ended the day down 4.5%, while Germany's Dax lost 5.8%. On Wall Street, the Dow Jones fell 3.7% in morning trading.
Shares in some leading banks plummeted, with Barclays and Royal Bank of Scotland down more than 11%. Analysts again cited reasons including worries about global growth, and the eurozone debt crisis. "People are nervous about the outlook for the global economy," Grant Lewis, head of economic research at Daiwa Capital Markets in.....---> BBC News - Share markets plummet as fear returns
I am a bit of a believer that when there is nothing new to say, it's best to keep schtoom. And there isn't really anything new to say about today's precipitous falls in share prices. But not all of you have been sitting in the front seat of global stock markets' roller coaster ride of the past three weeks - mostly downhill with the odd 360 degree loop.
So here's a reminder of what's generating all that fear and loathing in the investment community. The sequence goes like this: data shows the US economy is weak plus hints from regulators that European banks are fragile generates tumbling shares, every time.
The recession anxieties were exacerbated today by a...--> BBC News - A primer on the markets descent
17.20 European markets have closed. And they've all ended in the red: The CAC 40 in Paris: down 5.48pc
DAX 30 in Frankfurt: down 5.82pc
IBEX index in Madrid: down 4.7pc
FTSE Mib in Milan: 6.15pc
The Dow is currently down 3.36pc, while the broader S&P 500 is down 3.84pc.
17.15 Tom Porcelli, chief US economist at RBC Capital markets is speaking on Bloomberg TV. He says the Philly Fed stats are a "punch in the gut," adding:
We are dealing with a consumer that has a very fragile psyche, and the market has a fragile psyche.
He doesn't go as far as saying the US is heading for a double dip, but admits its hovering in that territory.
17.04 Another worrying graph. The VIX, also known as the stock market's 'fear index' has jumped 28pc to 40.56 today. David Rodriguez of dailyfx.com gives us a flavour of what this means:
......................------> Debt crisis: live - Telegraph
Shares in some leading banks plummeted, with Barclays and Royal Bank of Scotland down more than 11%. Analysts again cited reasons including worries about global growth, and the eurozone debt crisis. "People are nervous about the outlook for the global economy," Grant Lewis, head of economic research at Daiwa Capital Markets in.....---> BBC News - Share markets plummet as fear returns
A primer on the markets' descent
I am a bit of a believer that when there is nothing new to say, it's best to keep schtoom. And there isn't really anything new to say about today's precipitous falls in share prices. But not all of you have been sitting in the front seat of global stock markets' roller coaster ride of the past three weeks - mostly downhill with the odd 360 degree loop.
So here's a reminder of what's generating all that fear and loathing in the investment community. The sequence goes like this: data shows the US economy is weak plus hints from regulators that European banks are fragile generates tumbling shares, every time.
The recession anxieties were exacerbated today by a...--> BBC News - A primer on the markets descent
Debt crisis: live
17.20 European markets have closed. And they've all ended in the red: The CAC 40 in Paris: down 5.48pc
DAX 30 in Frankfurt: down 5.82pc
IBEX index in Madrid: down 4.7pc
FTSE Mib in Milan: 6.15pc
The Dow is currently down 3.36pc, while the broader S&P 500 is down 3.84pc.
17.15 Tom Porcelli, chief US economist at RBC Capital markets is speaking on Bloomberg TV. He says the Philly Fed stats are a "punch in the gut," adding:
We are dealing with a consumer that has a very fragile psyche, and the market has a fragile psyche. He doesn't go as far as saying the US is heading for a double dip, but admits its hovering in that territory.
17.04 Another worrying graph. The VIX, also known as the stock market's 'fear index' has jumped 28pc to 40.56 today. David Rodriguez of dailyfx.com gives us a flavour of what this means:
......................------> Debt crisis: live - Telegraph