The situation on the economic market all over the world is very interesting. Every day we get news from several markets, which are, these days confusing enough. Once European shares increase, than US stock market decrease and Asian economist are afraid of the situation with US home loan market. What the situation looks like now? Let's see. Yesterday was a successful day for European stock market, as it has recovered from early losses, when on Asian market appeared fears that US economy will decrease, and Asians sell off. According to dealers, Asian economist needed top take some profit from the last week pickup, which was the reason why European sellers encouraged, at the opening. This was a successful operation, but there is still a need of reassurance on the markets, mainly after the scandalous fraud in Societe Generale in France, that caused sharp downfall of Paris stocks. Despite the fact, positive showing on Wall Street helped to recover the markets which regained some of the lost ground. Furthermore, investors were curious, what the president of US, George W. Bush, would say on Monday evening, after the agreement on the conditions of an economic stimulus package, made by representatives of white House and Congress. Asian dealers approved investors were looking for some kind of safety, which they have found mainly in bonds and gold, which reached a peak of approximately $927 in London. One trader from London said: "Recent volatility continues with worries over US recession weighing (on sentiment)."
Edited by: Katarina Bosanska
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