Rescuing the Rescuers  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 395 no. 8684 (May 2010), page 71-73.
Topik: Sovereign Debt; Economic Conditions; Emerging Markets; Securities Markets; Stock Prices; Bailouts; Economic Policy; Banking Industry

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.63 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

If bullish investors had been given two Christmas wishes at the end of 2009, they probably would have asked for booming profits and a continuation of ultra-low interest rates. Their wishes have been granted. According to Morgan Stanley, the first-quarter profits of companies in the S&P 500 have been more than 12% better than expected. Meanwhile, few expect the Federal Reserve, the European Central Bank (ECB) or the Bank of England to raise rates this year. Some think rates will stay where they are in 2011, too. So why is the MSCI World index of global equities down by more than 10% this year, with emerging markets showing double-digit losses and European bourses shedding more than 20% in dollar terms? On May 25th the FTSE 100 index closed below 5,000 for the first time since last October. The next day the Dow Jones Industrial Average closed below 10,000 for the first time since February. This latest setback may simply be a reaction to the phenomenal rally that has taken place since March 2009. May has seen the re-emergence of a number of worries that had been beneath the surface. The latest is geopolitical risk, in the specific form of rising tension in the Korean peninsula. May has seen the re-emergence of a number of worries that had been beneath the surface. However, investors' biggest financial concern is sovereign debt, notably that of some southern European countries.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali