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Panic grips world markets as FTSE and gilt yields hit record lows
Random German Guy Show this Post
02-11-2016, 03:57 PM #1
Random German Guy Incognito Anonymous
Quote:European stock markets hit two-and-a-half year low after a savage sell-off in Asia, as investors flock to safe-have assets following Yellen's Congressional testimony

Markets at midday: Europe hits two-and-a-half year low

European bourses were pounded by midday, lead lower by banks and miners.

Frankfurt's DAX tumbled 2.8pc, the CAC in Paris is off by 3.9pc and the FTSE is 2.3pc lower.

The Spanish IBEX has plunged by more than 4pc.
more at the source: http://www.telegraph.co.uk/finance/econo...-live.html

shit-hits-the-fan.gif shit-hits-the-fan.gif It's on
Anonymous Kritter Show this Post
02-11-2016, 04:07 PM #2
Anonymous Kritter Incognito Anonymous
With record inventories nearing full capacity, Phillips 66 dumped crude in unusual front-month deals. For its efforts, Phillips 66 sold crude at spreads yielding negative $2.50 and $2.75 a barrel.

This is getting serious
02-11-2016, 04:57 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,423 Threads:1,479 Joined:Feb 2011
Just reading

Global markets are collapsing

Yellen noted that the Fed was closely watching developments in financial markets and foreign economies for possible downside risks to the economy. She did not rule out or confirm an interest-rate hike in March, but she said the Fed was willing to slow down its path of rate increases if the economic data indicated doing so would be appropriate.

In all, her assessment of the economy was more or less unchanged: The economy is still expanding at a moderate pace, and the labor market is robust.

More: http://uk.businessinsider.com/market-upd...?r=US&IR=T

Economy is still expanding at a moderate pace, and the labor market is robust... in what part of the world is that going on? wtf2.gif

02-11-2016, 07:55 PM #4
Octo Mother Superior
Posts:41,190 Threads:1,536 Joined:Feb 2011
Yeah things are going to hell, but I ain't panicking coffeetime.gif
02-11-2016, 11:43 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,423 Threads:1,479 Joined:Feb 2011
Investors 'go bananas' for gold bars as global stock markets tumble





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