The stock market plunges 5.32% weekly and placed its lowest level in 12 months
| Date: June 5, 2010 | Source: Sources |
| Category: Bags and Markets | |
Go ahead and rate this post 
Loading ... The fragile financial situation of Hungary, alarm bells ringing does not rule out another crisis to the Greek. Problems of Hungary raised the risk of investing in Spain, the differential with the long-term German debt approached 200 basis points - and the Spanish bond yields exceeded 4.5% at closing.
The collapse of the value of the euro to $ 1.2, its lowest level in five years, and the fall of Wall Street by the poor reception given to U.S. unemployment data May encouraged the punishment suffered yesterday in the Spanish stock market a very black day, driving down the Dow to its lowest level in 12 months down to 8,923 points with a 5.32% weekly.
A renewed fears of a European debacle did not help the reduction of recommendation from HSBC for the stock on the continent.
One must go back to May 2009 to see the Ibex 35 below 9,000 points. Gone is the brilliant recovery experienced by the Spanish stock market in the second half he pulled himself to 12,000.
June 5, 2010 at 10:53
[...] The collapse of the value of the euro to $ 1.2, its lowest level in five years, and the fall of Wall Street by the poor reception given to U.S. unemployment data May encouraged the punishment suffered yesterday to the bag ... Read more from the Original source: The stock market plunges 5.32% weekly and placed its lowest level in ... [...]