Wednesday, May 19th, 2010
It was a very ugly night around the world, as global markets offered little let up..
Starting in the US, S&P futures are currently off 8 points. The Dow is off 62.
The euro is still threatening to break $1.21, currently trading at 1.2171.
The Nikkei pared some of its losses, losing only .5%. The Shanghai composite lost .27%.
In Europe, our new favorite bellwether, the CAC-40 is off 2.7%.
As for commodities, oil looks set to break $68, and gold is succumbing to the deflation trade, falling down to $1216.
This article was posted: Wednesday, May 19, 2010 at 3:29 am