Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Financial Markets Reel In Wake Of US Attacks

Already struggling financial markets around the world have taken a battering in the wake of two massive suspected terrorist attacks in the USA.

While the attacks came before Wall Street markets had opened - and Wall Street has now been closed for the day - European markets were open during the attacks and reacted very badly to the news.

As of 5am NZT the following was the state of selected share markets around the globe.

Germany – down 3.3%
UK – down 5.7%
France – down 7.4%
Netherlands – down 7%
Switzerland – down 7%
Brazil – down 9%
Canada – down 4%
Mexico – down 5.5%

The New Zealand market will be the first of the Asia Pacific markets to open in a little over four hours time.

Shortly after the attacks gold prices were up $13 on yesterday’s levels.

Meanwhile Bloomberg news reports that Brent crude oil for October settlement rose as much as $3.60, or 13.1 percent, to $31.05 a barrel on the International Petroleum Exchange following news of the attacks.

This is the biggest one-day gain in oil prices since March 23, 1998. Oil last fetched more than $31 a barrel in December 2000.


© Scoop Media

 
 
 
Top Scoops Headlines

 

Gordon Campbell: Are Only Old People Likely To Vote For Simon Bridges?

Around the world, young people seem to be gravitating to left wing policies and parties, leaving the old to prop up the conservative parties... the size of the gap suggests there’s more involved to this evolution than the usual clichés about the young being idealistic and the old being more realistic. More>>

Gordon Campbell: On The Fuss Over The PM’s Pacific Forum Trip

Truly, the abuse being levelled at PM Jacinda Ardern for doing her job at the Pacific Islands Forum shows just how much – and on how many levels – Ardern seems to enrage a goodly number of citizens. More>>

Gordon Campbell: On MP Pay And The REAL P.C. Danger Zone

There has never been anything remotely credible about the way parliamentarians would paint themselves as the helpless victims of the Remuneration Authority when it came to their pay increases... More>>