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- Latin America’s Mobile-Phone Market Leader Takes Strain - Editor, 30 June 2008 - No Comments yet
- Who wants to be a Millionaire? - Editor, 27 June 2008 - No Comments yet
- Mixed Reaction to RBS Stock Market Alert - Editor, 20 June 2008 - No Comments yet
- London Stock Exchange – Moving Ahead With Technology - Editor, 19 June 2008 - No Comments yet
- Uncertainty Reigns on Wall Street - Editor, 13 June 2008 - No Comments yet
- Traumatic Tuesday at the Shanghai Stock Market - Editor, 12 June 2008 - No Comments yet
- Rapid Turnaround from Bull to Bear - Editor, 10 June 2008 - No Comments yet
Despite past market performance by Latin America’s largest mobile-phone company, America Movil, which until recently showed more than a twenty percent increase in customers, analysts are predicting that the financial quarter ended 30 June 2008 is likely to reveal the company’s worst quarterly stock performance in the past six years. It would seem that, in part, this situation can be attributed to the slowing down of subscriber growth as well as the possible intervention of regulators with regard to mobile call costs.
Despite the ongoing credit crisis and sluggish economic growth in many countries, the 12th annual World Wealth Report released recently by Merrill Lynch and Gapgemini revealed that the number of millionaires (otherwise referred to as the world’s high net worth individuals – HNWIs) world-wide has increased by six percent to 10.1 million with a combined wealth of $40.7 trillion during 2007.
The Royal Bank of Scotland (RBS) has sounded a warning to clients to be prepared for a crash in stock and credit markets on a global scale over the next three months. The negative impact of rampant global inflation on the major central banks is seen as the chief contributing factor to this gloomy outlook.
The London Stock Exchange (LSE), situated in Paternoster Square in the city of London, is not only the largest exchange in Europe in terms of listed companies by market value, but is also one of the largest stock exchanges in the world. Although the LSE is also one of the oldest stock exchanges in the world, having been established in 1801, it certainly moves with the times when it comes to the latest technology and unwavering dedication to the interests of its clients.
The market suffered yet another blow on Wednesday 11 June, when the Dow at the New York Stock Exchange fell by more than 200 points. Ongoing concerns over rising oil prices, along with fears regarding rising inflation and the possibility of interest rates being raised, as well as almost stagnant economic growth, are seen as the main contributing factors behind the market’s current volatility.
In an effort to reduce lending and thereby curb inflation, China has increased the amount of money to be kept in reserve by banks, which in turn results in less money being available for loans. It is generally agreed by analysts that these credit-tightening measures were the primary reason for China’s main stock index plummeting by 7.7% on Tuesday 10 June, going on record as the biggest decline in more than a year. This was the second straight day the Asian markets experienced a large decline, exacerbating concerns over rising inflation and slower economic growth.
The optimism on Wall Street on Thursday 5 June 2008, brought about mainly by some retailers turning in surprisingly good sales figures, as well as strong worker productivity in the first quarter, resulted in the Dow Index climbing 214 points. This bullish outlook was abruptly turned around to become bearish on Friday when the rate of unemployment surged, speculation ran rife with regard to the possibility of Israel attacking Iran, and the biggest one day oil price increase in history (more than $10 per barrel) sent the Dow plummeting by 400 points. This dramatic change serves to remind investors of the extreme volatility of the current market.
Recent Videos
- Video: Inside Look: U.S. Loses 84K Jobs in August - Friday 5 September 2008, 2:41 pm
- Video: Market Outlook: Small Caps Will Hold Up, S&P 500 Has More Work to Do - Friday 5 September 2008, 2:32 pm
- Video: The Bloomberg Edge: September Historically Worst Month for Stocks - Friday 5 September 2008, 2:19 pm
- Video: Election '08 Update: McCain Speaks - Friday 5 September 2008, 1:49 pm
- Video: The Bloomberg Edge: U.S. Stocks Tumble Near July Lows - Friday 5 September 2008, 1:47 pm
Recent Articles
- Increase in De-listings and Decrease in IPOs Cuts into Revenue of U.S. Exchanges - Editor, Thursday 28 August 2008
- Financial Sector Concerns Start Off Trading Week on a Negative Note - Editor, Tuesday 26 August 2008
- Signet Group Set to Move Primary Listing to NYSE - Editor, Thursday 21 August 2008
- NASDAQ Issues Non-Compliance Warnings - Editor, Monday 18 August 2008
- Branson Launches Campaign against Proposed BA/Iberia Merger - Editor, Monday 11 August 2008
Recent Comments
- 29 April 2008, 03:23 am: By Dhan - Take This Financial Planning Gift Horse...
- 25 April 2008, 12:58 am: By asiaconsult - The ‘No Comment’ Clue to Mortgage...
- 24 April 2008, 02:21 am: By Investa - How Your Financial Planning Can Benefit...
- 23 April 2008, 04:56 am: By Mint - A Stock on Which You Can Bank










