A Glimmer of Hope brighten the Stocks Exchange
Markets
For ten days, the global financial institutions, particularly Europe and Asia have focused their attention on the American news, following carefully the discussions progress between Republicans and Democrats concerning the resolution of the U.S. debt problem.
And it's no surprise that the appointment of "Janet Yellen" at the head of the Fed will raise some hopes.
On Thursday, US markets had their best day
since January 2013 after House Republican leader "John Boehner" said the GOP
would agree to a short-term debt deal as long as President Barrack Obama agreed
to negotiations on other budget issues.
As a result a glimmer of hope came to
brighten the global markets, the Dow Jones closed high with 2.18 % increase,
for the Nasdaq : 2.26 %, S & P 500 :
2.21 %, while the previous day the picture was bloody .
This green wave extends to international markets, London's FTSE 100 was up 1.46 %, the Germany DAX up 1.99 % , also In Asia , Japan closed up with 1.48 % and Shanghai 1.69 %.
Only downside of markets, commodity prices fall heavily. The gold and oil come at the last step, since the beginning of Shutdown they were the only hold out as stock exchange markets fluctuate.
This drop of gold and oil prices indicates
a change of attitude on the part of investors, and despite the continued
difficult situation, investors no longer like to invest in the safe haven
assets.
Are we witnessing a change of investor’s psychology? Does the
accumulation of crises in the United States not enhance the risk aversion of
investors?
