Archive for September 1st, 2008

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