Friday, January 2, 2009

World stock markets open 2009 on high note

World stock markets opened 2009 on a high note, with Hong Kong's index up more than 4 percent, as investors shrugged off more dreary economic news to focus on government moves to ease the global slump.

With most investors away for the holidays and more than half of Asia's markets still closed, trading volumes were extremely light, which exaggerates price moves. Chinese telecom firms surged after Beijing approved next-generation mobile licenses, and commodity companies were lifted by stronger prices for raw materials. European benchmarks followed Asia higher in early trade.

But many analysts found little reason to be optimistic about the world economy as a whole. After one of the worst years ever for global equities, many expect more volatility in the first half as the effects of falling exports and higher capital costs start showing up on company balance sheets.
Read More Here

7 comments:

Hapi said...

Hello there my friend! I found your blog very interesting so I have added your link in my Blogroll. I hope you'll link me back. Have a nice day! http://hapiblogging.blogspot.com/

Carlos said...

Hi! Care to x-link? I have added you already in my list. Have a nice day! http://carlos-ideas.blogspot.com

Keyword said...

Submit your Blog to our Newest PR 3 Web Directory for Bloggers. Visit KeywordDir.info

Hapi said...

Hi there... want to change your favicon? find out how.. Have a nice tuesday!

Hapi said...

Happy Wednesday! Bloghoppin' here... Hey, I have an interesting tutorial for you that I have written myself. It is about adding Adsense on your Single Post in XML template. I hope you'll like it! God Bless you!

Nanaybelen said...

nice to hear about the stock market if improving

Nanaybelen said...

hi came to give you some smiles