Australian Market Slides On Wall Street Tumble []
Wednesday, Sydney shares closed sharply lower after the U.S. stocks slumped following the Federal Reserve's decision to cut interest rates by 25 basis points, disappointing investors who anticipated a more aggressive reduction. The benchmark S&P/ASX 200 Index closed down 65.2 points or 1.0% at 6,615.2 and the broader-based All Ordinaries Index dropped 62.7 points or 0.9% to 6,675.4.
European Markets Fall, Led By Commodities - European Commentary []
The European markets fell for the first time in four days on Monday, as mining and energy stocks slipped after copper and crude oil prices retreated.
European Markets Rise On Strong U.S. Data - European Commentary []
The European markets rose sharply on Wednesday after better than expected U.S. productivity and employment data soothed some concern about the health of the world's largest economy.
Stocks Surge On Hopes Of Interest Rate Cut By U.S. Federal Reserve - Asian Commentary []
Tuesday, stock markets across the Asia-Pacific region, except for New Zealand, closed higher on speculation that Federal Reserve would cut funds target rate by at least 25 basis points. Additionally, Monday's news that Middle East and Asian investors were injecting cash into struggling financial firms boosted investor sentiment.
Wednesday, December 12, 2007
Australian Market Slides On Wall Street Tumble []
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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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