WorldSpreads Newsletter 9th March
The Week Just Gone
Another week and another plunge for equities, more fears about the intensity of the global recession and renewed scepticism over the troubled financial sector. Yet again, flight-to-safety trades such as the US dollar and government bonds took centre stage.
The FTSE 100 fell below 3500 on Friday, to the lowest level since March 2003 as investor pessimism intensified. The index has lost more than 20% since January. It closed the week at 3530.73, ended Friday’s session virtually unchanged and bringing the week’s overall decline to almost 8%. Continue Reading »
