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Gloomy weather overshadows world economy A summary for the past few days worldwide major financial market stories article. Bull continues to run backwards, world economy in shambles! Stock markets managed to close last week in the black, but with the FTSE trading in a 700 point range and the Dow a 1600 point range, it was anything but a quiet week. Global Stock Market Sell Off and Extreme Volatility It could be argued that even with the wild gyrations of the past few months, many were still in denial about the state of the financial markets. Financial Markets Stabilize After Recent Beatings Traders, investors, and financial journalists must have been glad to reach the end of a week that will surely go down in the history of financial markets. The FTSE closed the week just 66 points down which the S&P 500 actually managed a small profit. Homeowner, the closing figures do not even begin to tell the whole story with the FTSE trading in a 521 point range and posting its best one day rally in history on Friday. British Pound Slides Deeper Against US Dollar It was a dire for stock markets, with all major world indices trading well in the red. Thursday saw the bulk of the selling as US markets moved quickly to pre-empt Friday’s poor Non Farm payroll figures. Pound made record lows as Fear of recession increased It was a good week for European equity markets with the FTSE100 finishing the week at 5636, its highest level for nearly two months. The Big Uncertainty in the end of Summer It was another edgy week for stock markets with both bulls and bears frustrated and unwilling to take on big positions. British Pound Crashes on Dovish BOE Inflation Report The FTSE finished the week down slightly, but the real loser last week was UK PLC. The pound crashed as various factors come to a head. Commodities slide down, Indices edge up A one touch trade predicting that the Euro will continue to fall against the pound and touch 0.7775 in the next 16 days could return 68% at BetOnMarkets. Stock Markets Endure Another Volatile Week Traders at BetOnMarkets believes that Last week’s late recovery could be a useful point to enter trades predicting the sell off will continue. A No Touch trade predicting that the FTSE 100 won’t touch 6200 at any time during the next 6 months could return 21%. Red Devils on the Loose A One Touch trade predicting that the GBP/ USD will touch $2.00 at least once during the next 16 days could return 28% in BetOnMarkets.com. Stock markets had worst half year since 1970 The half year report card for global stock markets was not one to be proud of. The first half of 2008 was the worst first half to a year for the Dow Jones Industrial Average since 1970, when the index was down 14.60%. Stocks down, Gold and Oil up Financial markets were a sea of red numbers last week as the classic ‘Fade the Fed’ trade played out. The initial reaction to Wednesday’s US interest rate decision was neutral to positive, then the selling set in and hardly stopped. Yet Another Tough Week It was yet another tough week for global stock markets, with the Dow Jones & S&P 500 declining 3.78% on the week and the FTSE down 3.37%. With oil rallying $4, renewed trouble in the financial sector, downgrades to monoline insurers and trouble in the Middle East, markets encountered an ugly storm on Friday. Market Relief after tough week After a rather turbulent week markets ended on a positive note. US markets benefited from a better than expected inflation outlook, following Fridays CPI numbers. The majority of inflation increases were due directly and indirectly to energy costs, so markets were thankful for the fact that oil didnt finish the week on a new record high. Between the devil of Recession and the deep sea of Inflation Three percent may seem an inauspicious number, but it certainly caused some headaches last week. Firstly, UK inflation is running at 3%, over the Bank Of England target of 2% and obliging the Governor of the Bank of England to write a letter of explanation to the Government. Betting on success Fixed odds betting is often overlooked by investors. Given the massive growth in the overall popularity of spread betting as an investment tool in recent years, alongside the ever higher profile achieved by the general gaming industry, it is perhaps quite surprising that the traditional form of gambling -fixed-odds betting- is not more widely used. UK to follow the US? US stocks have received a slight boost as oil prices retreat and new home sales unexpectedly rose on a month on month basis. However, we shouldn't really read too much into this, as there is a margin for error in these figures and new home sales in the US are still down 42% year on year. In addition, the Case-Schiller benchmark house price index is now showing a record decline of 14%. No Room At The Shareholding Inn What do shareholders have to do to gain entry to their own AGM nowadays? Even bikini-clad shareholders at the Shell AGM at the Barbican in London today couldn’t get in, despite wanting to spread even more happiness to fellow shareholders who were intent on looking after their ever-increasing investments. Will the oil price stop hiking up? Until last week, there have been two stories running in parallel. The first story is of rampant inflation fuelled by the price of oil making record new highs every week. The subtext to this story is the dawn of a difficult decade. The second story is of a stock market that believed inflation would be contained and that the worst of the credit crunch is behind us. Last week these two stories collided with the end result being a sudden realization that we’re not quite out of the woods just yet. Better than expected "Better than expected" could apply to many features of the market last week. Firstly, stock markets themselves have been performing better than one would expect with the constant stream of negative headlines in the media. There's a feeling that the bad news on the credit crunch is out now, and things are not as bad as feared. More than any thing, markets hate uncertainty and whether it is good news or bad, the fact that the surprises are thought to be behind us has a positive impact. Whether the BetOnMarkets Weekly Predictions: Euro to weaken further against the US dollar The past week had the potential to be explosive. Central bank meetings in the UK and Europe had traders licking their lips with anticipation for the possible outcomes of the meetings and the potential volatility they could bring. Sadly for volatility lovers, the week came and went with little significant turbulence. Credit Crisis Worst is Over- We'll Believe It When We See It! "Sell in May" says the old stock market adage, but the bulls were in no mood for old wives' tales last week. Markets were in rally mode after the better than expected US jobs report, and news of more liquidity injections from the Federal Reserve. The hush before the storm? Following the previous week’s heavy buying, global markets again finished the week positively. However, gains were limited to around half a percent for the week with the Nasdaq and S&P 500 rising the most. What's Next..North or South! On a day when you hear about the worlds largest bank CITI Group losing $5 Billion and cutting 4,000 jobs world wide, you might expect markets to be down severely. You might also have expected the FTSE to stumble on the news that RBS is preparing a rights issue to shore up its balance sheet. However, apart from some early nervousness on Friday, the UKs benchmark index managed to close the week up 3.2%. The CAC & DAX both managed 4.3%. It's Still the Economy, Stupid The economy, stupid was a phrase widely used during Bill Clintons successful campaign against George Bush Snr. Right now, we could simplify the phase even further in relation to the prospects for the UK and US in 2008; Its the housing market, stupid. Credit Crunch To Spill over the World With a slow start to the week on the economic news front, Traders at BetOnMarkets.com forsee that there’s a reasonable chance that last week’s momentum could spill over to the start of this week. A One Touch trade predicting that the Nasdaq Composite Index will touch 2395 at any time during the next 10 days could yield 15%. Bear Stearns Saga - BetOnMarkets.com Just when you think a trend has been established, the market throws you a wrench and totally changes the whole picture. Before the markets even opened, the Bear Stearns saga hit its highest note, with JP Morgan offering $2 per share for Bear Stearns, and the latter accepting, mainly because the only other option was Bankruptcy....

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