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10/09/2001
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
For the first time in nearly three years, the FTSE 100 index has fallen below the 5,000 mark, while similar scenes are being played out across Europe and Asia, with Japan hit the hardest. The Nikkei 225 plummeted to a 17-year low amid rumours that recovery from the country’s current financial crisis will necessitate slow and painful economic reforms.
Following last Friday’s market slump – thanks to a higher-than-expected rise in the US unemployment rate - the gloomy situation affecting global stock markets is starting to look less like a fluctuation, and more of a permanent feature of the economic landscape – one which is set to impact on the financial sector as a whole.
As ever-increasing proportions of pension funds and other savings schemes are tied up in stock and shares, even the smallest and most indirect investor will see less in return. Confidence is also another important factor affected by such downturns, leading to drops in consumer spending, falling corporate profits and a weaker national currency. Early indications of such a malaise came when the initial fervour of the dot-com craze gave way to a rather starker reality, creating a mood of discontent amongst many personal investors.
Nor is there much hope of any stabilisation in the market slump, as analysts looked ahead with trepidation to Friday, when a new round of economic data will be released, detailing US retail performance and industrial output. (CL)
For the first time in nearly three years, the FTSE 100 index has fallen below the 5,000 mark, while similar scenes are being played out across Europe and Asia, with Japan hit the hardest. The Nikkei 225 plummeted to a 17-year low amid rumours that recovery from the country’s current financial crisis will necessitate slow and painful economic reforms.
Following last Friday’s market slump – thanks to a higher-than-expected rise in the US unemployment rate - the gloomy situation affecting global stock markets is starting to look less like a fluctuation, and more of a permanent feature of the economic landscape – one which is set to impact on the financial sector as a whole.
As ever-increasing proportions of pension funds and other savings schemes are tied up in stock and shares, even the smallest and most indirect investor will see less in return. Confidence is also another important factor affected by such downturns, leading to drops in consumer spending, falling corporate profits and a weaker national currency. Early indications of such a malaise came when the initial fervour of the dot-com craze gave way to a rather starker reality, creating a mood of discontent amongst many personal investors.
Nor is there much hope of any stabilisation in the market slump, as analysts looked ahead with trepidation to Friday, when a new round of economic data will be released, detailing US retail performance and industrial output. (CL)
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07 September 2001
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
12 September 2001
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
23 September 2011
World Markets Face Financial Melt-down
Although global stock markets had this morning reversed a dangerous slide into what was potentially a second worldwide crisis, European shares have since fallen further as investors continued to worry about the outlook for the global economy.
World Markets Face Financial Melt-down
Although global stock markets had this morning reversed a dangerous slide into what was potentially a second worldwide crisis, European shares have since fallen further as investors continued to worry about the outlook for the global economy.
13 September 2001
Mood of uncertainty surrounds world stock markets
With US stock exchanges closed until Friday at the earliest, the mood of uncertainty is continuing to overshadow Europe's stock markets.
Mood of uncertainty surrounds world stock markets
With US stock exchanges closed until Friday at the earliest, the mood of uncertainty is continuing to overshadow Europe's stock markets.
12 June 2002
Stock gloom brightens euro trading
The euro has climbed to an 18-month high against the US dollar as concern grows about the state of the US economy. With US stocks in decline heavy share trading on Tuesday ended with markets again depressed at fears over continued downward profit forecasts and extended lead times for a sustained recovery in the US economy.
Stock gloom brightens euro trading
The euro has climbed to an 18-month high against the US dollar as concern grows about the state of the US economy. With US stocks in decline heavy share trading on Tuesday ended with markets again depressed at fears over continued downward profit forecasts and extended lead times for a sustained recovery in the US economy.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
