Gloomy Stock Market Predictions: US Auto Manufacturers Pleading for Financial Help
July 16, 2010 Filed Under: Stock Market
Focus on US car manufacturers where finances remains as the key theme on the US stock market. The FOMC meeting minutes yesterday appears to be very gloomy reading. The recession in the US is the worst during the past 50 years.
As a result the European stock markets will open 5% lower today. Stocks in Europe will be hit from the negative news regarding the US economy and US car manufacturers which may or may not be saved by the US government.
News source: Saxo Bank
Related finance articles from around the globe:
- Markets nosedive as U.S. automakers plead for aid
- Japan – world’s No. 2 economy – in recession
- TSX, Dow Jones edge higher
- Econo-clash: When stocks hit 5-year low, do you cry?
- How stock market crashed in 1929?
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