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Market Update
Friday, October 19, 2012 21:11
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Another negative day for most equity markets around the globe, because the IMF issued a growth warning on the global economy and the European debt crisis is continuing to dominate the headlines around the world with German Chancellor Angela Merkel visiting Greece.
On the other hand Oil and US Dollar are up. The US Dollar is profiting from the problems in Europe and the rest of the world and Oil is up (+3.12%) due to unrest and rising tension in the Middle East.
Alcoa just reported earnings and revenue that beats estimate…
Here are a couple of articles for your reading pleasure:
- IMF issues global economic warning
- Debt Crisis Gives European Separatists a Boost
- Gross’s Burning Bond Market Fails to Frighten Investors
- Greece’s Debt Nightmare Just Got Worse
2012-10-19 21:01:38
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