U.S. stocks are expected to lead the global stock markets stabilize
Last week’s global stock market plunge, the disappointing economic data of the UK, Eurozone, United States accompanied by the steep fall in price of stock market, most economists and institutions identified to enter a difficult period of economic recovery, prospects unpredictable, the possibility of secondary depression may was increased, Although the European Central Bank President Jean-Claude Trichet also try to reassure people on the 4th ,it showed that the economy once again into a serious downturn is unlikely, but the point seems to be saying the opposite.
38% of respondents believe that the British have the possibility of sliding back into recession, but three months ago, they think that this possibility is 33%,The survey included 32 from the FTSE 100 index of listed companies and 93 stock market share of 28% of UK companies, survey were more optimistic about the economy’s net percentage from 40% to 24%, this figure has been declining for two consecutive quarters and has been down to the lowest level over the past year.
Posted: July 5th, 2010 under Market News, US Stock Market.
Tags: Breaking News, Market News, U.S. stocks, US Market