Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

Markets/StockBack
[Published: Tuesday February 06 2018]

 Markets in global stock plunge

London 6 Feb (ANA) - Asian markets plunged today as investors dumped stocks following the biggest US market fall for six years. At one point Japan's Nikkei 225 index was down 7%, but recovered some of those losses to close 4.7% lower.
 
London, Frankfurt and Paris all fell sharply when they opened today with new losses of up to 3%. In the US overnight the Dow lost 4.6%. The falls follow some good years for investors. In 2017 the Dow was up 25%, helped by a resurgent economy.
 
Strong profits and low interest rates also underpinned the positive investment climate. This global sell-off began last week after a solid US jobs report fuelled expectations that the economy's strength was such the Federal Reserve would need to raise interest rates faster than expected.
 
 
Jane Sydenham, investment director at the stockbrokers Rathbones, told the BBC the falls did not appear to herald a serious change of sentiment: "It is always a bit too early to tell, but I think these recent market falls are in the nature of a correction.
 
"What we have to remember is stock markets have had a very smooth ride upwards and we've not had a fall of more than 3% for 15 months. There's been a real lack of volatility, which is very unusual." She added that bear markets tend to happen ahead of a recession and at the moment growth forecasts were being upgraded.(ANA)
FA/ANA/6 February 2018-------
 

North South News website

Advertise banner

News icon EU/Kenya/Pesticides
News icon UN/Israel/Gza
News icon US/Israel/Gaza
News icon Pakistan/ISI Interference
News icon EU/North Africa
News icon Senegal/Elections
News icon Israel/Gaza Massacre
News icon Russia/NATO
News icon Gaza/Victims Number
News icon Kenya/Uganda

AFRICAN PRESS AGENCY Copyright © 2005 - 2007