Worldwide stock markets under pressure
There is concern and anguish on the face of many investors today as worldwide stock markets continue to head south amid signs that the US economy is under pressure and the rising value of the yen, which hit a 15 year high against the dollar and a nine year high against the euro, is beginning to impact upon Japanese exports.
The yen is seen by many as safe haven during troubled times and the very fact that the upwards momentum appears to be gaining pace is a major concern. Many now believe that the US economy is beginning to turn down and the worldwide economic revival seen over the last few months is certainly running out of steam. Against this background, and with austerity measures to be introduced by many governments around the world, there would appear to be little for investors to get excited about and many have now retreated to the sidelines.
All of the major stock markets around the world posted losses as of midafternoon with expectation that Wall Street will come in lower later today. It is difficult to see any good news on the horizon which would indicate a very difficult period for worldwide stock markets.
Share this..
Related stories
Royal Bank of Scotland branch sale approved by European Commission
The sale of 300 Royal Bank of Scotland branches has this weekend been given the approval of the European Commission with Spanish giant Santander acquiring the assets in question. This is the final piece of the jigsaw in relation to the UK government's recent bailout of Royal Bank of Scotland and fulfils the requirements of a European Commission order to reduce the company's share of the UK banking...
Read MoreCo-op Group Reports Increased Divi
While the Co-operative Group, and the movement which it represents, has often been the butt of jokes in industry for its cautious approach to business it seems as though the joke is on the Co-op’s competitors. The Group has today reported a 35% increase in profits to £322.7 million for the year ended 12th January 2008, one of the better results of late.
The Group is also inc...
Women make a success of property investments
According to a new study conducted by Bradford & Bingley, women are just as successful and ambitious as men when it comes to property investments.The study found that over three quarters of female property investors manage to hold down day jobs, as well as manage their investment properties and a quarter said that they intended to expand their sideline by investing in further properties within the...
Read MoreEuropean Investment Bank looking to bail out car manufacturers
It has been revealed that Jaguar Land Rover and Nissan could next week be in line for a £453 million funding package in relation to the development of green technology. The package will be underwritten by the UK government and is seen in many areas as a backhanded rescue funding programme for an under pressure sector. Experts are wondering why significant funding is being thrown towards green tec...
Read MoreBarclays bank succumbs to public fury
It is rumoured that Barclays bank will introduce a bonus deferral system which will see top management defer up to 100% of their annual bonus for the next three years, middle ranking staff defer up to 75% of their bonus for next three years and low ranking staff defer up to 50% of their bonus for the next three years. It would seem that Barclays bank has succumbed to the public fury regarding bank...
Read More