Rally on world stock markets - Glimmer of recession recovery?
There are a few sparks that could show that the present recession is bottoming out the US report yester day that the consumers are still buying the latest statistics show that sales are only down 1.5 % that was much better than prior media hype was suggesting.
Last week showed three day small rally on the US Stock Market
Stocks finished higher on Thursday for a third day.
The Dow Jones industrial average closed 239.66 points, or 3.5
The US stock market show a small dip but today we have another glimmer of hope..
Today The Dow Jones industrial opened 6930.40 it’s highest point today so fare on a rally is 7184.71 points
NYSE Dow Jones to see the small rally to day
To me that gives a good pointer to stability and I glimpse a glimmer of light at the end of the tunnel concerning investors gaining a bit of confidence. I am specifically looking at the global market place for these glimmers of light showing the beginnings of confidence as we get nearer to the date of publication of the first years quarter statistics.
Now a look at what is happening around the world adds to the pointers and I really do see a glimmer of light at the end of the tunnel. Its not bright but it is looking good. I am hoping that confidence will kick in and the only way forward is upward to a recovery. But media hype of doom and gloom of course slow down progress at first.
Index Change %Change
Australia ASX 100 86.7 3.24%
Australia ASX All Ords 100.9 3.16%
Australia ASX Mid-cap 50 87.5 3.16%
Hong Kong Hang Seng 430.44 3.59%
Hong Kong HSCC Red Chip 85.33 2.97%
Japan Nikkei 225 340.76 4.73%
Belgium Bel 20 23.79 1.44%
Europe DJ Stoxx 13.05 0.77%
Europe Euronext 100 2.95 0.64%
Europe Euronext 150 7.38 0.89%
France CAC 20.05 0.75%
France SBF 80 36.1 1.21%
France SBF 120 15.6 0.81%
Germany DAX 42.12 1.08%
Germany MDAX 40.03 0.92%
Germany TECDAX -2.45 -0.57%
Netherlands AEX 0.98 0.47%
Norway BRIX 0 0.00%
Norway OSE Industry -0.51 -0.03%
Sweden OMSX All 4.33 2.18%
UK FTSE 100 18.25 0.49%
UK FTSE All Shares 9.15 0.49%
UK FTSE Eurotop 10.16 0.68%
UK FTSE Techmark 15.62 1.34%
Canada TSE 300 271.25 3.39%
Canada CDNX 19.52 2.37%
Canada S&P/TSX 60 15.77 3.23%
You can check out my research source money.cnn.com where the light is poking through the clouds of depression. I hope I have pin pointed day one of the recovery, but of course my good tidings will be depressing to the doom and gloom merchants.