New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Gustav Evoking Less Market Fear
September 1, 2008
Gustav did not intensify further as predicted. Oil fell 1.4% to $113.85/barrel. Stocks slumped sharply in Asia but much less so in Europe as storm news got better. Nikkei -1.8%. China -3.5%. Hong Kong -1.7%. South Korea -4.1%. Dax -0.1%. Cac40 unchanged. Ftse -0.5%. Gold dipped 0.2% to $833.30/ounce. On this Labor Day holiday in […] More
