As Japan cut down its interest, markets all across the globe reacted positively. The stock market indices, in particular, went up one by one although just a little bit. This positive reaction is a sign that the economies are looking for other indications aside from the United States. The U.S. economy is being battered badly by the ongoing financial crisis and a turnaround is still far from sight. Hence companies and the markets are moving on its own now to ease the impact of the global financial crisis brought by the credit crunch and the sub-prime mortgage crisis. Let’s just hope that the gains from these stock markets will continue so that the world economy can recover faster from the financial turmoil.
Posted by Jones on January 12th, 2009 :: Filed under STOCK MARKET
You can leave a response, or trackback from your own site.