Global Stock Markets Continue To Fall
In a move which began last week it seems that investors around the world are concerned that the tail end of the credit crunch is set to wreak yet more havoc on economies. After what seemed like the calm before the storm, the last few days have seen heavy sell-offs in the Far East, the US and the UK with some observers set for another rocky week next week.
One of the main factors behind the recent sell-off seems to have been the ongoing rise in the price of oil which is now hovering around the $142 a barrel level. However, it is inflation and the immediate threat of interest rates rises which also seems to have spooked many investors, even though the Bank of England and Fed in the US have both tried to allay the short term fears in the market.
As those who follow the stock market will know, a sudden change in sentiment can often take some time to reverse as more and more investors seem resigned to the fact that economies around the world are going to slow even more. Interest rate reductions are out of the question at the moment, inflation is rising, the cost of living is moving steadily higher and the money markets are starting to slow again.
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