World stockmarkets not faring well at the moment. Results this week from some of the big US tech companies have been disappointing & although the BOE reduced rates yesterday the Fed havent done & their reluctance to had now spooked the markets.
Around 4pm today this is how the stood -
FTSE100 down 1.4% Dax (Germany) down 2.25% Cac40 ( France) down 1.5% Eurostox (top 50 European co's) down 2.5% Dow down 2.20% S&P500 down 2.5%
And overnight Hong King was down 2.1%. & Japan was down 5.8%.
World stockmarkets not faring well at the moment. Results this week from some of the big US tech companies have been disappointing & although the BOE reduced rates yesterday the Fed havent done & their reluctance to had now spooked the markets.
Around 4pm today this is how the stood -
FTSE100 down 1.4% Dax (Germany) down 2.25% Cac40 ( France) down 1.5% Eurostox (top 50 European co's) down 2.5% Dow down 2.20% S&P500 down 2.5%
And overnight Hong King was down 2.1%. & Japan was down 5.8%.
Not a good start to the month.
It is if you turned into cash on Monday a lot of what you were holding in the FTSE and S&P500 😊
World stockmarkets not faring well at the moment. Results this week from some of the big US tech companies have been disappointing & although the BOE reduced rates yesterday the Fed havent done & their reluctance to had now spooked the markets.
Around 4pm today this is how the stood -
FTSE100 down 1.4% Dax (Germany) down 2.25% Cac40 ( France) down 1.5% Eurostox (top 50 European co's) down 2.5% Dow down 2.20% S&P500 down 2.5%
And overnight Hong King was down 2.1%. & Japan was down 5.8%.
Not a good start to the month.
I’d read from a number of sources in recent weeks that they weren’t expecting the Fed to move til September, but obviously markets aren’t ones for waiting. Various experts now expecting more drastic cuts before the end of the year, including 50bps in both September & November.
With hindsight and the figures released this week, Powell probably should have started those cuts this month. They’re quite obviously behind the curve at the moment.
Best to log off for August…as most traders (and the French) do anyway!! 😉
World stockmarkets not faring well at the moment. Results this week from some of the big US tech companies have been disappointing & although the BOE reduced rates yesterday the Fed havent done & their reluctance to had now spooked the markets.
Around 4pm today this is how the stood -
FTSE100 down 1.4% Dax (Germany) down 2.25% Cac40 ( France) down 1.5% Eurostox (top 50 European co's) down 2.5% Dow down 2.20% S&P500 down 2.5%
And overnight Hong King was down 2.1%. & Japan was down 5.8%.
Not a good start to the month.
It is if you turned into cash on Monday a lot of what you were holding in the FTSE and S&P500 😊
Good job I didn't, ir I'd be 2% down, not 2% up. Depends what you invest in ... Lockheed Martin is doing very nicely :-)
Comments
Wife £175 (max)
Son £75 (33k)
£325 the wife ( her first draw)
both max holding
Dreadful returns so far this year and time for a change.
World stockmarkets not faring well at the moment. Results this week from some of the big US tech companies have been disappointing & although the BOE reduced rates yesterday the Fed havent done & their reluctance to had now spooked the markets.
Around 4pm today this is how the stood -
FTSE100 down 1.4%
Dax (Germany) down 2.25%
Cac40 ( France) down 1.5%
Eurostox (top 50 European co's) down 2.5%
Dow down 2.20%
S&P500 down 2.5%
And overnight Hong King was down 2.1%. & Japan was down 5.8%.
Not a good start to the month.