World markets depressed by Fed's US growth warning
http://finance.yahoo.com/news/World-markets-depressed-by-apf-15314783.html?.v=13
World stocks depressed by Fed's US warning; British shares hit by possible S&P
debt downgrade
LONDON (AP) -- World stock markets fell sharply Thursday as investor
hopes of a quick economic rebound were diminished by a warning from the
U.S. Federal Reserve that the U.S. economy was likely to shrink by more
than anticipated this year.
Germany's DAX was down 90.28 points, or 1.8 percent, at 4,948.66
while France's CAC-40 fell 57.72 points, or 1.8 percent, at 3,245.65.
The FTSE 100 index of leading British shares slumped 102.32 points, or
2.3 percent, to 4,366.09.The selling pressure was expected to
continue at the U.S. open shortly with Dow futures down 44 points, or
0.5 percent, at 8,351 and the broader Standard & Poor's 500 futures
4.6 points, or 0.5 percent, lower at 895.30.Investors around the
world pressed the sell button after Fed said Wednesday that the U.S.
economy was likely to contract by between 1.3 and 2 percent compared
with the earlier estimates of 0.5 and 1.3 percent, according minutes of
the Fed's rate-setting panel. And the Fed's policymakers also said the
unemployment rate could approach 10 percent."Risk appetite
receded as the minutes offered a more pessimistic assessment of the
state of the U.S. economy," said Gareth Berry, an analyst at UBS.Adding
to the gloom, in London at least, was a warning from credit ratings
agency Standard & Poor's that Britain may have its rating cut
because of rising debt levels.Though the ratings agency
reaffirmed the country's actual ratings, it lowered its outlook to
"negative" from "stable" because of massive borrowing to deal with the
recession and the banking crisis."Not surprisingly this is doing sentiment no
favors," said David Jones, chief market strategist at IG Index."This
combination of news over the last 24 hours has resulted in a
predictable knee-jerk sell off -- the question from here is whether it
is the start of a more sustained slide to correct the impressive gains
seen since mid March," he said.The trigger for the gains over
the last couple of months has been some better than expected economic
news around the world, particularly from the U.S -- the S&P 500
index in the U.S. has risen around 35 percent from its lows.However,
fairly downbeat U.S. retail sales data last week reined in some of the
hopes of the more optimistic members of the investing community and
stocks have since generally traded sideways.Analysts said it has
been noticeable that any corrections seen since the rally began in
mid-March have been relatively mild, suggesting that there are still
enough investors out there willing to buy into dips.Earlier,
Japan's Nikkei 225 stock average lost fell 80.49 points, or 0.9
percent, to 9,264.15, and Hong Kong's Hang Seng shed 276.35 points, or
1.6 percent, to 17,199.49.Elsewhere, South Korea's Kospi dropped
1 percent to 1,421.65. Shanghai's index fell 1.5 percent while
Australia's was off 0.3 percent.Oil prices eased off six-month
highs, with benchmark crude for July delivery down $1.29 to $60.75 a
barrel. On Wednesday, the July contract rose $1.94 to settle at $62.04
after the government said U.S. crude inventories fell for a second
week, suggesting demand may be improving.The dollar rose modestly to 94.86 from
94.58. The euro fell to $1.3763 from $1.3783.AP Business Writer Jeremiah
Marquez in Hong Kong contributed to this report.
--- On Thu, 21/5/09, Tommy Jayamudita <jayamud...@gmail.com> wrote:
From: Tommy Jayamudita <jayamud...@gmail.com>
Subject: [ob] Ekonomi Amerika
To: "milis obrolan-bandar" <obrolan-bandar@yahoogroups.com>
Received: Thursday, 21 May, 2009, 11:53 PM
Baru dengar dari teman, katanya "The Fed mengatakan bahwa
Ekonomi Amerika akan turun melebihi dari yang diperkirakan, " maka hari ini
pasar
modal dunia pada turun semua. Tapi saya tidak menemukan dimana tulisan ini
dimuat, sedangkan dia lupa baca dimana.
Apakah para rekan ada yang sudah membaca artikel
ini?
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