Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

‘Perfect storm’ as market tremors hit China, Europe and the US

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Ambrose Evans-Pritchard
London Telegraph
May 21, 2010

Capitulation fever has swept global markets on triple fears of faltering recovery in the US, Chinese credit curbs and Europe’s intractable escalating debt crisis.

“It is the perfect storm,” said Andrew Roberts, credit strategist at RBS. “People have been too complacent about risky assets. This is a global deflation scare and people need to get ready for falls in US and European bond yields to 2pc.”

The global stock market sell-off continued for a third day on Friday in Europe and Asia. London’s FTSE 100 slid 0.6pc, Germany’s DAX lost 1pc, France’s skidded CAC 0.8pc and Japan’s Nikkei plunged 2.5pc as world equities head for the biggest monthly fall since October 2008.

Wall Street shares plunged 3pc on Thursday after new jobless claims in the US rose to 471,000 last week, the biggest jump in three months. The S&P 500 index of shares fell to 1080, triggering automatic stop-loss sales as it crashed through support on its 200-day moving average.

The US Conference Board leading indicator turned negative in April, the first drop since the depths of the Great Recession. This follows data showing an 11pc slide in building permits, pointing to a double-dip slump in the US housing market later this year. Lumber prices have fallen 26pc from their peak in April.

Full article here

Perfect storm as market tremors hit China, Europe and the US 140410banner4

This article was posted: Friday, May 21, 2010 at 4:15 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
James Foley Beheading: What They're Not Telling You See the rest on the Alex Jones YouTube channel.

CDC Reports On Safety Breach with Bird Flu Virus See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.