- Prison Planet.com - http://www.prisonplanet.com -
Stock markets tumble after Operation Twist … and doubt
Posted By admin On September 22, 2011 @ 2:39 am In Money Watch | Comments Disabled
London Guardian 
Sept 22, 2011
The US Federal Reserve’s Operation Twist failed to bring calm to financial markets, which tumbled on Thursday as investors took fright at the US central bank’s gloomy warning about the economic outlook.
The FTSE 100 index in London plunged more than 210 points to 5078, a 4% drop, with not a single riser in sight. In Asia, markets also suffered heavy losses, with the Nikkei closing down 2.1%, Hong Kong’s Hang Seng tumbling 4.9% and the Jakarta stock market losing nearly 9%. On Wall Street, futures indicate the Dow Jones will open 160 points lower.
The sell-off came after the Fed unveiled a new $400bn bond-buying plan on Wednesday to ward off a double-dip recession. It emerged on the same day that the Bank of England was also getting ready to pump more money into the British economy.
The European Central Bank came under pressure to take action itself after a worsening in the services and manufacturing sectors sparked warnings that the economic recovery was definitely over. This was exacerbated by news that industrial orders in the eurozone slid for the second month in a row in July.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/stock-markets-tumble-after-operation-twist-%e2%80%a6-and-doubt.html
URLs in this post:
 London Guardian: http://www.guardian.co.uk/business/2011/sep/22/stock-markets-tumble-operation-twist
 Global stock markets tumble amid fears Europe is failing to take control of Greece ‘Ebola virus contagion’: http://www.prisonplanet.com/global-stock-markets-tumble-amid-fears-europe-is-failing-to-take-control-of-greece-ebola-virus-contagion.html
 Inflation rises to 4.7% and FTSE plunges ANOTHER 90 points as global markets tumble in wake of Meltdown Monday: http://www.prisonplanet.com/inflation-rises-to-47-and-ftse-plunges-another-90-points-as-global-markets-tumble-in-wake-of-meltdown-monday.html
 World stock markets suffer sharp falls: http://www.prisonplanet.com/world-stock-markets-suffer-sharp-falls.html
 Goodbye Operation Twist, Hello QE X+1: http://www.prisonplanet.com/goodbye-operation-twist-hello-qe-x1.html
 World stock markets plunge as global crisis deepens: http://www.prisonplanet.com/world-stock-markets-plunge-as-global-crisis-deepens.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.