driver
- 02 Mar 2006 15:23
driver
- 22 May 2006 16:27
- 194 of 934
Global markets have continued to feel pressure amid concerns about higher interest rates and slower world growth.
Stock markets fell across Europe and Asia, and trading in India was briefly suspended after its key index lost 10%.
In the US the Dow, Nasdaq and S&P 500 indexes all opened the day down, taking up from where they left off last week.
Commodities also felt the squeeze, with the cost of crude oil down in London and New York, and metals prices dropping on fears of a price bubble.
Analysts said it was difficult to tell when the declines, triggered by a slump in the US dollar last week, will end.
Linus Yip, a strategist at First Shanghai Securities, said that any bad news would reinforce the downward cycle.
"We have to be cautious," he explained.
Christopher Bellew of Bache Financial in London said that Monday's slide was "a continuation of the bubble-bursting in commodities and energy markets last week."
Broad sell-off
All the major European markets were behind on Monday morning, with Germany's Dax index down 1.2% and France's Cac down 1.3%.
Weaker metals prices pushed London's FTSE 100 index 0.9% lower as mining firm Antofagasta shed 6.2%.
In Japan, the benchmark Nikkei 225 index closed 1.8% lower at 15,857.87, ending the session below 16,000 for the first time in two months.
The index's biggest fallers included oil group Inpex Holdings, down 5.3%, and Japan Energy owner Nippon Mining, falling 8%.
In India, the Bombay Stock Exchange's benchmark 30-share Sensex index was trading 436.27 points, or 4%, lower at 10,398.05 after trading was suspended for an hour.
Earlier it had lost more 1,000 points, its biggest intra-day drop, amid heavy selling by domestic and foreign funds.
The US's Dow Jones Industrial Average dropped 0.4% to 11,102.91, and the Nasdaq lost 0.7% to 2,178.45.
Crude oil prices slipped by about $1 on Monday, amid worries that slower economic growth would limit demand.
In London, Brent crude lost 88 cents to $67.80 a barrel, while New York light sweet crude fell 84 cents to $67.69.
Commodities fared little better, with Shanghai aluminium futures down 4%, the most they can fall in a single day.
Other commodities sectors also suffered with gold, copper and zinc prices all falling.
driver
- 22 May 2006 16:42
- 195 of 934
Where they gone.
cynic
- 23 May 2006 13:17
- 198 of 934
A&L - but don't forget that the French have not even tabled a bid yet and may not and even if they do, may walk away
hewittalan6
- 23 May 2006 13:21
- 199 of 934
The French! Walk away from a scrap?? Give in without trying?
Unthinkable.
kimoldfield
- 23 May 2006 13:30
- 200 of 934
Alan, shame on you! So much for the Entente Cordiale (does that mean drinking Robinsons Barley Water in a tent or something?)
I scrounged a few pennies to buy more RGT yesterday on the news that one of their drugs can reverse brain damage - I think I need some after the last week - what happens to the sp today?, down it goes!
kim
hewittalan6
- 23 May 2006 13:35
- 201 of 934
Thats cos its old hat, Kim. All the drugs i use have an effect on my brain. I often argue with my social worker that they must reverse brain damage cos after a few shots I can see everything very clearly.
My social worker doesn't agree, but my friend Geoffrey, the mauve coloured unicycling elephant, is in total accord with me.
Anyway, back to catching flies with my chopsticks.
Alan
kimoldfield
- 23 May 2006 13:41
- 202 of 934
We must be on something similar Alan, my friend Geoffrey is a red unicycling dragon wearing a tutu, the only side affect with mine is that I think Tony Blair and George Bush are real.
kim
silvermede
- 23 May 2006 16:55
- 203 of 934
Does anyone rate the AIM &OFEX Newsletter??
Paperbackwriter
- 24 May 2006 20:06
- 206 of 934
They sure do, Driver.
I just wish I had the ready cash to top up at the moment.
explosive
- 25 May 2006 15:59
- 207 of 934
Driver are you in LTR? With todays new I've started a thread as couldn't see one in existance. Any comments most welcome..
driver
- 26 May 2006 17:28
- 209 of 934
WOODIE
- 02 Jun 2006 11:43
- 213 of 934
driver thanks for post on the seo thread bit late to sell ult as i sold half my holding a few months back sooner have some them none,but why do you think they are going lower? as they are near key support leve ie 1.80 level.