International stock exchanges registered growth throughout last week. This is due mainly to the increased consumer interest before the Christmas season. Also, the unemployment level in the US fell under 10% for the first time for the last six months.
Dow Jones closed with 10388.9 points or a 1% growth. Nasdaq registered growth of 2.8% and closed the week with 2193.9 points. S&P 500 grew with 1.4% and reached 1105.6 points. FTSE 100 also followed the example of the US stock exchanges and closed with growth of 1.2% or 5320.6 points. In Japan Nikkei closed with 10022.6 points – growth of 8.8%, after the Japanese central bank announced it will invest $110 billion in the country’s economy.
In Athens the stock exchange closed with growth of nearly 5% and reached 2383.6 points – surprising fact since the worries around the GDP are continuing. After Dubai announced bankruptcy, the attention of most investors turned to Greece – undoubtedly the most endangered economy in the Eurozone. This also reflected the credit rating of the country – A- for Fitch and Standard & Poor’s and A1 for Moody’s – the lowest ones in the Eurozone.
Despite this some European politicians are optimistic. “Yes, Greece needs to make radical changes but bankruptcy is out of the question,” said Jean-Claude Juncker, chairman of Eurogroup – the collective name of the financial ministers of countries in Eurozone. “Despite this we will continue to supervise the situation every month and we are expecting the Greek government to present an applicable plan for regaining the stability of Greek economy.”
Other economy news – the US Dollar increased to 0.68 EUR and 0.52 GBP and this called for a fall in petrol price. The price per barrel fell to nearly $75 from $79.
RSS
Facebook
Twitter
YouTube
