Worldwide Stock Markets Plummet

By Stewart Douglas

Stock markets around the world have closed significantly down over the course of business today.

Market confidence plummeted with increasing interest rates worldwide, and the effect of interest rate rises on global company performance.

High consumer spending over the last few months have led to impressive trading on the world’s stock markets. 

However, concerns as to the health of the world economy have caused markets to lose value over the course of today.

Interest rates across the world have almost uniformly increased in order to curb inflation and keep our major economies from overheating. 

The effect of over activity in Eastern economies has also led to worldwide caution, leading to increasing interest rates and decreasing consumer spending. 

This has ultimately led to a knock-on effect on company growth and profits, which have been less strong than in recent months.

The Dow Jones index in New York fell 2.3% to just over 13,473, closing 311 points down on yesterday’s level. 

Similarly the FTSE 100 fell by over 203 points today, showing a 3.2% drop in the index figure since close yesterday.

Across the board, all of the world’s stock markets showed a downward trend through the business day today, after months of trading at some of the highest levels of recent years.

After recent worldwide economic strength providing for company growth and record profits, stock markets across the globe have been celebrating a spiraling upward trend.

With cheap, accessible commercial funding, businesses have been booming worldwide, and expanding at a startling pace.

However, with rising interest rates over the past few months, and a series of poor company results, trading has begun to show a downward trend across the board.

The news is seen to reflect a widespread caution as to the near future of the worldwide economy, with rising interest rates and flailing corporate performance.