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

 

Jan Rivers: The New Zealanders Involved In Brexit

There are a number who have strong connections to New Zealand making significant running on either side of the contested and divisive decision to leave the European Union. More>>

Rawiri Taonui: The Rise, Fall And Future Of The Independent Māori Parties

Earlier this month the Māori Party and Mana Movement reflected on the shock loss of their last parliamentary seat in this year’s election. It is timely to consider their future. More>>

Don Rennie: Is It Time To Take ACC Back To First Principles?

The word “investing” has played a major part in the operations of the ACC since 1998... More>>

Using Scoop Professionally? Introducing ScoopPro

ScoopPro is a new offering aimed at ensuring professional users get the most out of Scoop and support us to continue improving it so that Scoop continues to exist as a public service for all New Zealanders. More>>

ALSO: