Financial markets today by
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Stock market Worldwide
Global Stock markets fell yesterday as a response to a debt rating cut made by standard and poor's rating company to a euro zone member, Greece, to "junk" level.
This means that investors should increase their Doubt regarding Greece's ability to pay for its governmental bonds Liabilities.
And so, stock markets around the globe has suffered from declines, American indices such as the S&P and the Mexican Bolsa went down 2.34% and 3.23% Respectively, European indices such as the FTSE and CAC went down 1.06% and 2.24% Respectively and Asian indices such as the Nikkei which was down 2.57%.
Commodities
Energy
Crude Oil has experienced a second day of price declines, it has fell 2.1% in the last trading day, and most people see it as a reaction to the poor state of Greece and its possible Implications on the world wide economy and its recovery.
Natural Gas prices where also down, reaching 4.22$/Million BTUs, which reflects a 1.08% decline.
Metals
Gold prices where up 0.71% reaching 1,161.7$ for a troy ounce.
Silver prices went down 1.19% during the last trading day.
Currencies
The American currency is continuing to gain power against the European
Currency as concerns regarding Greece financial state, are emerging.
The dollar went up 1.5% against the European currency.
The dollar went up 1.4% against the British currency, the GBP.
While strengthening towards the European currencies, the dollar was depreciating towards the JPY by 0.9 set at ₯93.17.
Looking to the future
Greece has to refinance its liabilities before the deadline which happens at 19/5/2010 and was set by the international monetary fund and the European Union
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