News from the Market

Posted by on December 3rd, 2008 at 10:53pm

Pal2pal wrote an interesting post today on
Here’s a quick excerpt
UK news
The new expectation from the economists is the Bank of England will cut another percentage to 2%. This lead to the market expectation become the same direction.
….”FT.com”
The British Airways is planning to merger in order to gain competitive power from the market. The CEO of BA said that the merger partner must be Quantas or Iberia.
….”FT.com”
USA market
Dow close at 8591.69, increase 172.60 which is 2.05%
Nasdaq close at 1492.38, increase 42.58 which is 2.94%
S&P 500 close at 870.74, increase 21.93 which is 2.58%
On the Wednesday trade, the Wall street has a higher ending that despite the Fed report which is about the worse economics condition.
….”Yahoo.com”
The oil price falls again!! The price on 3 Dec was $46 that flesh the 3-year low price. This lower the commodity future market price and less investor willing to inverst in to commodity market.
….”Yahoo.com”

Read the rest of this great post here

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