Sunday 2 November 2008

The week in numbers (FT). Markets for the week ending 31-Oct

This October was the worst month on record for commodity markets as we saw the CRB index falling almost 24% amid mounting concerns that the global economy was heaing for a recession
The Nikkei hit its 26 year low of 7,162 as the world worried that Japanese banks may need to raise fresh capital and the strong yen takes a toll on exporters
US cut its Fed Funds rate to 1% sparking concerns that the measures taken so far could sow the seeds for the next market bubble if they get out of the current one now
more to be updated on Tuesday when America announces its next leader who will lead them out of this crisis...

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