Worldwide Stock Markets Recovers After US Drop

By Stewart Douglas

Last week’s Wall Street downturn appears not to have affected worldwide stocks too badly, after markets across Europe and Asia performed with mixed results.

Wall Street saw the value of shares dramatically fall last week after ongoing controversy in the sub-prime lending market, and less than inspiring announcements from Federal Reserve Chairman Ben Bernanke.  Experts predicted this might be a factor that would bear some impact on trading this week, which appears not to be the case so far.

With many Asian markets already closed, and European markets experiencing mixed morning trade, it appears that the hiccup in New York is bearing less of an effect than was at first thought.

With the US economy posting increasing growth and recent promising trading figures, analysts thought a turnaround for the US economy could be on the way.

The news reflects ongoing investor confidence in spite of the recent wipe in value off the Dow Jones share index.

It is thought that the continual housing crisis in the US is affecting share prices, despite rising economic growth throughout the region, and the rest of the world.

Couple with increasing interest rates around the world, and investors are feeling the pressure of a downturn over the next few years.

The FTSE 100 in London fell to 6,196, down 18 points, and the German Dax remained fairly constant throughout the course of the morning so far.

Meanwhile markets in Japan and Hong Kong saw strong growth up 5.5 and 88 points respectively over trading today, closing strongly in spite of the US trading index.

Experts predict that the global economy is in a growth period, and provided trading on the US stock markets remain confident over the course of the next few weeks, the ongoing worldwide growth can continue indefinitely for the time being.