| Home
Stocks not expected to perform this week
Mumbai News.Net
Monday 8th February, 2010
There is a growing sense that the US stock market's rally from the lows of March 2009 has run out of momentum.
In the coming week, the market could face more turbulence, with doubts racing through the global community about the pace of the global recovery.
Europe's sovereign debt is also rattling investors, with fears about the stability of governments that stand behind the euro.
There has been extreme worry in financial circles in the past weeks about the fiscal upheaval in Greece, Portugal and Spain.
As a result, the euro has fallen sharply against the US dollar, hurting stocks and the prices of global commodities.
On Friday, the benchmark S&P 500 capped its fourth straight weekly decline, falling 0.7 percent.
The Dow dropped 0.6 percent and the Nasdaq shed 0.3 percent.  Email this story to a friend
Have your say on this story
|
 |
 |
- Prisoners 'escort' cops to police station
In a role reversal, two prisoners took into 'custody' two drunk constables who were escorting them for a court hearing and took them to a police station [read story]
- India conveys concern to China on Gilgit troops, Kashmir
Asking China to show sensitivity to its concerns, India Friday conveyed its 'serious concerns' over the reported presence of Chinese troops in Pakistan-administered Kashmir and rejected Beijing's labeling of Jammu and Kashmir as 'India-controlled Kashmir.' [read story]
- 40 percent turnout in Delhi varsity student union polls
A mere 40 percent of the electorate turned out Friday for the elections to the Delhi University Students Union (DUSU), officials said. [read story]
- Rathore's parole plea rejected
The authorities in Haryana's Pachkula district Friday rejected the plea of disgraced former state police chief S.P.S. Rathore for parole to supervise the harvesting of crops at his agricultural land near here. [read story]
- PM skips Tharoor's reception, Gursharan blesses the couple
Shahsi Tharoor may have lost his ministerial job, but he has not fallen out of favor with the prime minister. Gursharan Kaur, Manmohan Singh's spouse, was among those who came to wish Tharoor and his wife Sunanda Pushkar good luck on their marriage, the third for both, at a power-packed reception Friday night. [read story]
|
|
 |
 |
|
|
