ern tden on stock markets

Coordinated dreaming of years rates did not help. The world’s stock markets have fallen to their lowest levels in the last few years. The price of oil has fallen below $ 80 a barrel, gold is trading above $ 900 an ounce.

The most significant event last week was the central coordination of the actions of the central banks of the USA, the euro area, the United Kingdom, Canada and Spain, which at the same time reduced rates by 50 basis points for years. In the United States, the rate fell to 1.50 percent, in the euro area to 3.75 percent, in the United Kingdom to 4.50 percent, in Canada to 2.5 percent and in the widow to 4.25 percent.

They were joined by the Central Bank of Hungary, which cut rates by 25 basis points to 2.50 percent, and the central banks were also supported by the Central Banks of Japan and Norway, but they did not. Banks thus responded to the massive sales on the stock markets and the deepening credit crisis.

Kitl magnifying glass But the first to join the rate last week was the central bank of Australia, which surprisingly cut rates in the mid-term period by a full percent to 6 percent, while the market expected only 50 basis points. Therefore, the markets swept away the rate cuts elsewhere in the world, they literally took a coordinated rate cut, but even the one that was fulfilled did not help them in the end and the credit crunch deepens, and stock markets began to sell massively.

World stock indices experienced the highest weekly decline in history

The problem is the lack of two between banks, which are still not willing to borrow funds. In addition, investors are worried about the impact of the financial crisis on the world economy, and thus a global recession. The S&P agency announced that General Motors, Ford and Chrysler may bankrupt their elites due to declining car sales. The bird announced the bankruptcy of the medium-sized Japanese company Yamato Life. Rates on the interbank market rose again during the quarter and on Friday, and there is no time for the restoration of the doors between the banks.

Stock indices experienced the biggest declines during the five-day trading, when, for example, the village, Russian, Romanian, Polish and other stock exchanges had to suspend trading. The Dow Jones fell 20 percent in the afternoon during the afternoon, the Nasdaq by 17 percent, the S&P by 20 percent, the British FTSE by 20 percent, the German DAX by 23 percent, the Japanese Nikkei by 24 percent and the Hang Seng by 16 percent . The stock market lost almost 25 percent, when trading in CETV shares had to be suspended during the five-session, because the stock lost more than 20 percent of its value.

On the contrary, the shares of AAA grew by more than 20 percent, and therefore trading in this title had to be suspended even twice. Trading in Erste Bank and VIG shares had to be suspended, as trading in these two titles was stopped on the Vienna Stock Exchange.

The MSCI index, following the global stock markets, was aimed at the highest weekly decline since 1970, when the index was introduced. During the afternoon, he lost about 19 percent of his value in a week.

The price of oil fell, gold jumped opt over $ 900 an ounce
Investor fears of a global recession have lowered the price of oil and 76 dollars per barrel from Monday’s opening value at $ 88 per barrel. They were surprised by the positive and regular publicity in the US, which increased by 8.1 million barrels. Panic and market fears, on the other hand, pushed the price of gold up $ 77 and $ 908 an ounce. Like oil, agricultural commodities were on sale. The price of re, piblin fell the most by 10 percent to 16.64 USD / cent, according to the price of pennies by about 6.8 percent to 579 USD / bul, corn by 5.5 percent to 413 USD / bul and sjovch beans by about 2 , 7 percent to 933 USD / bul.

Japan only strengthened by more than 5 percent against both the euro and the dollar
Massive sales on the market have supported traditional currency calls for financial investments, such as the Japanese yen and the Swiss franc and, until recently, the Czech koruna. Japan only sent it to the euro and the dollar this week in a row, but the last two weeks it was sent by a stark 5 percent. USD / JPY is currently trading at 98.95, with EUR / JPY at 133.92. The Czech franc posted about 2.4 percent against the euro last week, and is thus at the strongest level against the euro since November 2004.

Trading in the EUR / USD currency exchange rate was characterized by high volatility. The pesto managed to strengthen slightly against the euro, the pound by 0.5 percent, at EUR / USD 1.35. The British pound lost sharply last week, by more than 3 percent against the euro and the dollar at EUR / GBP 0.79 and GBP / USD 1.70.

The Czech koruna tended to weaken against the euro and the dollar, eventually weakening against the euro by about 0.6 percent to EUR / CZK 24.92; against the dollar then piblin by a percentage to USD / CZK 18.38. Compared to the surrounding currencies, however, this weakening was very slight, and the Czech Republic is likely to benefit from its status as a safe state. The Hungarian forint was struck by information (unconfirmed and later refuted) about OTP’s problems. The forint therefore weakened sharply against the euro by more than 6 percent to EUR / HUF 262. The zloty thus lost to the euro by more than 4 percent to EUR / PLN 3.57.

The most interesting publicity in the region was the first in the Czech Republic last week, when inflation rose slightly to 6.6 percent from 6.5 percent in August, mainly due to higher alcohol beverages, tobacco products, recreation, culture and education. According to the unemployment rate, it stagnated at 5.3 percent. Meziron construction production fell by 1.2 percent and industrial production by 2.6 percent.

Related Posts