As I write this, the JPX NIKKEI 400 is down ~28% ~90 minutes after the market open, and the ASX 200 is down ~22% ~2 hours after the open. Ugly. China and Indonesia aren't open yet. I'm looking at some of the exchanges listed in my post http://www.bullmarketboard.com/thre...tch-markets-opening-around-the-world-(how-to) last month.
Thanks for the heads up. I was contemplating my move for tomorrow morning, considering long weekends in rough times can be very, very bad. Think I'll hold off on any purchases until the afternoon
Just checked China and it's showing red numbers, but it looks like it's up. WTH? Does red mean go to the Chinese? lol
I'm in Europe and when wondering about these things I tend to look at Tel Aviv stock exchange in the morning since they open earlier than anything in Europe and, in general, the movements are similar. Seems to be up roughly 0.50% right now.
May I join this thread even if I'm not well versed with stocks? I had lunch with my nephew the other day and he was telling me about China stocks - don't trust it in the first half of the year just like not trusting the shares of stocks of oil companies. There is a sort of turmoil in the world market, he said, that prices of commodities will remain to fluctuate and that fluctuation would have an indirect effect on the stock market. His advice is to just hold on with your stocks and be careful in trading.
The markets worldwide turned around later in the day with the breaking news that the Saudis and Russians agreed to freeze oil production at January levels, but the deal is preliminary and doesn't include Iran. Qatar and Venezuela are in the loop as well. There are additional linked stories too. One piece suggests the barrel output production is too high. Have a read. Undoubtedly this agreement will be kicked around by the business news pundits for the next few weeks and follow-on numbers are reported.
Can someone explain why the stocks the world over have been falling? Even in India the stocks feel to their lowest extents for around 11 years I think. But a couple of days they went up slightly. What is causing these oscillations in the stocks indexes?
Panic. There was over confidence in the stock market for a while, then oil plunged because of over supply, weak world economies took a hit, strong dollar, bad government regulations, the Fed let their interest rates stay too low for too long... This all leads to panic and then severe market volatility.
At current stage, European Rate hikes is most important key trigger. USD is very strong and CNY, by selling Forex reserves, China is balancing that. European rate hikes are like a pivot for US and China. Brazil, Russia already high interest rates. now many things depends on middle-east, European rate hikes too. Crude created long-term bullish pattern, but, no guarantee of Bull-run ( ISIS ). Freezing Oil production decision in Saudi Arabia and Russia shows, they are optimistic about Crude. reducing Oil Production will sink middle-east economies. but, Euro or Crude, 1 of it will crash in future. depends on foreign policies. sorry to say, this situation is like Economic war. If anybody want to make money. buy Euro and Crude both and sit for long-term. 1 will give huge profit more than expected. If anybody is from Europe, he can buy Gold and Crude (In European Market) for Long-term and sit, 1 of It, will give huge profit.
