World Stock Market Indices Update - Generally lower

After climbing for two days, stock markets have started to take a breather as short term traders lock in their profits. Markets have climbed at least 10% for the past 2 days. There is a mixed reaction in different markets today in the Asian region. Leading the losers is the Hong Kong Hang Seng Index which fell 834.58 points or 4.96%. Japan is the only market in this region to have gained. The Nikkei index rose 99.90 points or 1%.

Yesterday, the US Down Jones Industrial Average closed 76 points lower or 0.8% despite a strong early morning rally that sees the index rose to almost 9,800 points. The Dow settled at 9,310.99 points. Below are the stock market indices performances as at 5.20 pm Singapore time. (+8.00GMT)


World Indices Quotes snapshot from NextVIEW Advisor

Many believe that the financial aid given by central banks to ailing financial companies may not be able to fix the economy quickly. Fears of recession has already begun. Unemployment rate in the US increased from 4.5% last year to 6% as at August. Inflation currently is at 5.36%. Crude oil price fell below US$80 per barrel.


US Unemployment rate chart actual and forecast from www.forecasts.org



US Economic indicators table from www.forecasts.org

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