Wall Street tumbles on Italy election fears

The US stocks market has fallen hard on Monday as investors have been concerned on Italian election and a posible hung government. Pier Luigi Bersani leads the run with a close Berlusconi in a second position according to the latest results.

Beppe Grillo will decide the Italian short term future as he could make coalition with any party or force new elections. Mario Monti has gotten just the 10% of votes.

The Dow Jones fell 216.40 points or 1.55% to close at 13,784.17. The S&P 500 declined 27.75 points or 1.83% to finish at 1,487.85. And the Nasdaq Composite lost 45.57 points or 1.44% to 3,116.25.

Feb 25, 2013

Forex: Epic falls in all Yen crosses; Hedge funds unwind massive longs

The ongoing epic fall in all Japanese Yen may be explained as a result of alarm, confusion, consternation, fear, hysteria, even terror to no longer hold long Yen positions, with prime brokers, according to Sean Lee, founder at FXWW, "reporting panic selling by hedge funds and CTAs who had built up massive long positions" he says.

Baca selengkapnya Previous

Feb 26, 2013

Forex: AUD/USD threatens 1.0225 double bottom; RBA's Debelle headlines unsupportive

In the state of semi-panic that we still at, risky assets become more susceptible to falls. The Australian Dollar, after finding a double bottom sub 1.0230 last week, is again pressured toward its yearly lows after RBA’s Assistant Governor Debelle brought back the ghosts of a possible cut, aying the RBA can cut rates to counterbalance a high $A.

Baca selengkapnya Next