Stock investors across the world’s biggest markets are more convinced stocks will fall in the next six months, a survey presented. The S&P’s 500 Index, the FTSE 100 Index, France’s CAC 40 Index, the German DAX Index, Italy’s S&P /MIB Index, the Swiss Market Index, Japan’s Nikkei 225 Stock Average, Hong Kong’s Hang Seng and Spain’s IBEX 35 Index will decline, according to the Bloomberg Professional Global Confidence Survey. Only those in Brazil predicted their market will rise. The survey measured the level of confidence with more than 3890 investors from New York to Frankfurt and Tokyo.
Investors have been more pessimistic in the US and the UK for five straight months after the MSCI World Index fell 15% since reaching a record on October 31, erasing $4 trillion in market cap through Tuesday. Much to the chagrin of the employees amid nation wide protests, US employers eliminated jobs at the fastest pace since 2003 in February and financial analysts said bank growing losses from the worst housing slump in a quarter century will be $188 billion. Further Post here from Economic Times today’s edition.
Posted by krishna Raj 