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Well, after large down openings a number of Europeans coming up, with FTSE 100 just turning green. Exhaustion day?
Well, after large down openings a number of Europeans coming up, with FTSE 100 just turning green. Exhaustion day?
Once again, where are you seeing this?Bloomberg shows down 130
Well, after large down openings a number of Europeans coming up, with FTSE 100 just turning green. Exhaustion day?
Latest market RUMOURS..
George Soros has warned that the current situation was "much more serious than any financial crisis since the end of the war."
Enough for now ... I guess
Cheerfull
...........Kauri
http://finance.yahoo.com/intlindices?e=europe
Where are you looking on Bloomberg? It's going green too:
http://www.bloomberg.com/markets/stocks/wei.html
Yup, someone's buying.
According to this site,the FTSE has just entered green territory after being down 3.25% an hour ago.
http://stock.rbc.ru/demo/index.0/intraday/index.eng.shtml?sort=LAST_CHANGE_PERCENT&dir=ASC
LONDON, Jan 22 (Reuters) - European shares swung wildly in morning trade on Tuesday and traded 0.8 percent lower after turning briefly positive on market talk of central bank interest rate cuts.
At 0914 GMT, the FTSEurofirst 300 index of top European shares was down 0.8 percent at 1,269.66 points, having fallen as much as 4.4 percent earlier in the session and then risen almost 0.5 percent as the rate talk swirled.
"Theres's rumours about concerted rate cuts... they're talking about the Fed, the ECB, the Bank of England and the SNB all cutting rates," a trader said.
Traders in Paris cited market talk of a rate cut of between 75 to 100 basis points from the U.S. Federal Reserve.
VI's are spinning their hearts out... don't panic, we won't have recession, it's a US problem, blah blah. We have the BBC whose remit from Crash Gordon is to ramp property and lie about how good the economy is.Got any insights into the mood in old blighty today wayne?
Every Major U.S. Bank Was Profitable Last Year: John M. Berry
Commentary by John M. Berry
Jan. 22 (Bloomberg) -- With all the large writedowns and losses announced for the fourth quarter, hardly any attention is being paid to just how profitable U.S. banks really are.
That inattention has raised unnecessary concerns that the banks may be so crippled by losses that they will cut lending to the point it might undermine the U.S. economy.
Some commentators have said the banks are in the worst shape since the Great Depression. That isn't close to being correct.
Other analysts have raised the specter of the stagnant Japanese economy of the 1990s, when banks there were crippled by huge losses when a real estate price bubble burst at the beginning of that decade. This comparison also is off base.
Even Citigroup Inc., by far the hardest hit of the big U.S. banks by subprime-related problems, earned $3.62 billion last year. That was with a $9.83 billion fourth-quarter net loss and more than $22 billion in writedowns and additions to loan-loss reserves.
http://www.bloomberg.com/apps/news?pid=20601039&sid=aELWaQomFgNw&refer=columnist_berry
Blow-off top in world markets - get ready!
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Mr Murray said investors could ill afford to ignore warnings from the likes of Alan Greenspan. The former chairman of the Federal Reserve warned earlier this year that the US faced the risk of recession.
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