Final bad day for Europe and beyond?t would be a bad day out there in European stock markets with red tickers just rolling around. The deterioration of the U.S. economy from S & P is the real reason behind this fall. In the first hours of trading, the FTSE, CAC and DAX had begun to decline and fell about 2 percent each. But as soon as U.S. markets opened and began its voyage to the bottom of the stairs, which were affected, but eventually led to a sad end.
FTSE closed the week at the beginning of 5068.95 points, or 3.4 percent below its previous close. CAC in France fell worse. Up to 153 odd points, the number was 3125, after losing 4.7 percent. But the biggest blow was the DAX. In Frankfurt, the scenario changed dramatically when Dow Jones and Nasdaq began its fall. At the close, the DAX was down 312 points, representing 5 percent, closed at 5923.27 points. Yes, it was certainly a stroke because of problems in the United States and also within Europe. The question everyone seems to ask is "What now?" A very good question, indeed, the answer to what can be found in a few hours, when the U.S. markets close.
The Dow, the Nasdaq and the S & P 500 was lower after rebate. In a few hours of trading, the Dow is trading at more than 500 points below the level of 10 940 is really "bad" news, not only for Europe and the United States, but for global markets. The S & P 500 is heading down to 6 percent and higher, hovering near 1100 levels.Nasdaq is not going well either, lost nearly 6 percent, and most importantly, the crucial 2400 level of the index are broken.
If this "fall" continues for U.S. markets and are in no mood to get back before closing is only a little hope for the world. Hope that some kind of mysterious intervention of heaven stop the debacle!For now, 10000-10100 levels appear to be strong support for the Dow Jones, but with the way it fell today, next week has its own meaning. Fears of non-S & P 1100 points and the Nasdaq on another 100 points in the coming days will be a huge thing to consider.
For the FTSE, the 5000 level and were well below that may mark a step of correcting constant for the next few days. It is also the case of Dax. Is broken and the levels of 6000 and approaching the 5900 mark. CVC has a similar scenario to meet the band 3070-3100 is crucial for the index to fall below and it will be a major concern. The market sentiment is negative to ensure that investors are not willing to trust the markets. The deterioration of the U.S. economy, the ongoing crisis in Italy and Europe, with prices of raw materials are the factors responsible for movement of "no confidence" among investors worldwide. What appears next to the line is a hard week so far!
FTSE closed the week at the beginning of 5068.95 points, or 3.4 percent below its previous close. CAC in France fell worse. Up to 153 odd points, the number was 3125, after losing 4.7 percent. But the biggest blow was the DAX. In Frankfurt, the scenario changed dramatically when Dow Jones and Nasdaq began its fall. At the close, the DAX was down 312 points, representing 5 percent, closed at 5923.27 points. Yes, it was certainly a stroke because of problems in the United States and also within Europe. The question everyone seems to ask is "What now?" A very good question, indeed, the answer to what can be found in a few hours, when the U.S. markets close.
The Dow, the Nasdaq and the S & P 500 was lower after rebate. In a few hours of trading, the Dow is trading at more than 500 points below the level of 10 940 is really "bad" news, not only for Europe and the United States, but for global markets. The S & P 500 is heading down to 6 percent and higher, hovering near 1100 levels.Nasdaq is not going well either, lost nearly 6 percent, and most importantly, the crucial 2400 level of the index are broken.
If this "fall" continues for U.S. markets and are in no mood to get back before closing is only a little hope for the world. Hope that some kind of mysterious intervention of heaven stop the debacle!For now, 10000-10100 levels appear to be strong support for the Dow Jones, but with the way it fell today, next week has its own meaning. Fears of non-S & P 1100 points and the Nasdaq on another 100 points in the coming days will be a huge thing to consider.
For the FTSE, the 5000 level and were well below that may mark a step of correcting constant for the next few days. It is also the case of Dax. Is broken and the levels of 6000 and approaching the 5900 mark. CVC has a similar scenario to meet the band 3070-3100 is crucial for the index to fall below and it will be a major concern. The market sentiment is negative to ensure that investors are not willing to trust the markets. The deterioration of the U.S. economy, the ongoing crisis in Italy and Europe, with prices of raw materials are the factors responsible for movement of "no confidence" among investors worldwide. What appears next to the line is a hard week so far!
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