World equity markets sell−off
Wed, Feb 28 2007, 14:12 GMT
by Marina Schiaffino
FXstreet.com
World equity markets sell-off
The equity markets in China, Japan, US, Europe and Latin America felt a tremendous fall yesterday. The move, that caught many wrong-footed, was mainly provoked by the massive capital outflows on concerns China and the rest of Asian economies may not be as buoyant as expected.
Where are currencies going now? Get the picture on FXstreet.com Rates & Charts. Or watch the live movements of the currencies in the review that our advisor, Tony Juste, has prepared in his Advisor's Blog. The same story again: stock markets collpase... do you remember when...?
In-Depth Analysis
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Analysts Comments
- Tony Juste, FX Advisor at FXstreet.com
"People never learn from their mistakes, and once again a bubble has caught many investors betting their homes in a breathe of air. It may not be over, but at least it should give investors a needed warning to stay cool and get out / forget to invest in over-heated markets. As I said, it may not be over yet." - FXstreet.com
- Ashraf Laidi, senior currency analyst at CMC Markets NY:
"This (ISM data) should really quiet the market, because there were emerging fears that the global equities sell-off would be further amplified by a deepening recession in U.S. manufacturing." - Reuters
Published on
Mon, Mar 5 2007, 11:36 GMT
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