September 03, 2007
Global stock market traded in mix ahead of US Labor Day holiday. The statement made by President Bush and Federal Reserve Chairman Ben Bernanke made the US market stable along with bringing stability in most of the worldwide stock markets. As it is known that US economy plays an important role not only for NYSE and Dow Jones, but it also plays and important role for worldwide stock markets. Any charming news from US market brings joy and cheer in other stocks market. With the discovery of globalization and interdependent economy, stocks market from all over the world tends to react if there is any slight fluctuation in economy of developed countries.
With the positive news coming in from last two weeks have improved the sentiment and confidence of most of the market and hope it will remain till the upcoming Fed’s meeting.
At this point, I will keep my wits away from any stock investing, and would trade stock in selective stock pick till clear picture comes from economic data front and Fed’s next move regarding any interest rate cut.
Monday, September 3, 2007
Global market stable
at 3:15 AM
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1 comments:
Even with the positive news that came in the last two weeks, it's the next couple of weeks that we will see where the markets will head short term.
The Federal Reserve will have a huge impact on where we see stocks at the end of this month.
Lilnev2000's Blog: http://www.zacks.com/blog/post_info.html?g=25
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