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U.S. Stocks Fall Sharply, Worry Problems in Europe. U.S. stocks fell, driving the Standard & Poor's 500 Index toward the biggest decline this year, on concern that Europe's debt crisis may be increased and a smaller increase in factory orders in the United States. Index. The S & P 500 slipped as much as 1.2% to 1,495.71 in New York, this is the biggest drop since Nov. 14, after reaching the highest level in the last week. "There is some profit taking going on," said Matthew Swaim, a financial manager at Advisory Research Inc. , Chicago, in an interview on the phone. "People describe the consequences for the last few years in which European issues appear to grab the limelight again and it led to a decline in our market."
Oil Slump Along Sharp Drop in European equities
Oil fell sharply in the last two months after the collapse of equity markets over political turmoil in Europe and also easing tensions in the Middle East over the prospect of new talks between Western countries and Iran. Oil futures fell as much as 1.6% and the euro weakened amid opposition calls for Spanish Prime Minister Mariano Rajoy to resign following reports of illegal payments. Iran consider bids from U.S. Vice President Joe Biden to negotiate directly over its nuclear program a "step forward," said Foreign Minister Ali Akbar Salehi.
"We generally see much selling in all markets after the prime minister warned the problem would still a big problem in Europe," said John Kilduff, an analyst at Again Capital LLC, new York. "Oil also fell because Biden offer to Iran, and Iran responded well to the offer. It's a bit reduce a risk premium. "
The increase in gold please register Consecutive Day Two
Gold futures ended higher on Monday, extending gains for the second consecutive session, with gold's appeal as a safe haven asset amid a steep drop in U.S. equities which offset pressure in the strengthening of the dollar. The political turmoil in Spain and is estimated to potentially increasing demand from China is also one of the factors that pushed gold reinforcement. "Investors seem to lose faith when the moment came for gold, said Jan Skoyles, head of research at Real Asset Co."
Oil Slump Along Sharp Drop in European equities
Oil fell sharply in the last two months after the collapse of equity markets over political turmoil in Europe and also easing tensions in the Middle East over the prospect of new talks between Western countries and Iran. Oil futures fell as much as 1.6% and the euro weakened amid opposition calls for Spanish Prime Minister Mariano Rajoy to resign following reports of illegal payments. Iran consider bids from U.S. Vice President Joe Biden to negotiate directly over its nuclear program a "step forward," said Foreign Minister Ali Akbar Salehi.
"We generally see much selling in all markets after the prime minister warned the problem would still a big problem in Europe," said John Kilduff, an analyst at Again Capital LLC, new York. "Oil also fell because Biden offer to Iran, and Iran responded well to the offer. It's a bit reduce a risk premium. "
The increase in gold please register Consecutive Day Two
Gold futures ended higher on Monday, extending gains for the second consecutive session, with gold's appeal as a safe haven asset amid a steep drop in U.S. equities which offset pressure in the strengthening of the dollar. The political turmoil in Spain and is estimated to potentially increasing demand from China is also one of the factors that pushed gold reinforcement. "Investors seem to lose faith when the moment came for gold, said Jan Skoyles, head of research at Real Asset Co."
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