Friday, March 11, 2011

Post Japan Quake: The World Markets Now

There are so many events going pulling prices in different directions

  • Global stocks fell to their lowest in nearly six weeks
  • Government bonds rose
  • Portugal expected to seek financial aid soon: Portugal's 10-year bond yield and debt insurance costs rose
  • Japanese stock futures fell nearly 5%
  • The yen fell briefly after the earthquake, but now is up on expectations the country will need Yens to begin recostruction
  • Oil dropped 3% on expectations of lower oil demand from Japan in the very near future
  • The FTSEurofirst 300 index of top European shares .FTEU3 fell 0.8%
  • A protest in the Saudi Arabian city involving 200 protesters has had little impact

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