Markets

Yesterday has been without doubt the worse for global markets throughout this crisis well, at least has been of the days that have already passed because honestly, very few dare to venture to this rise to the occasion, which thereafter not ourselves with similar or worse to the experienced Conference this Monday. For a moment, it looked like that operators screens seemed to be failing, given that throughout the day and in all markets, the numbers were dyed red. But in reality, they showed that the panic had taken over the markets as never before it had done since the beginning of the crisis. He lived during the day yesterday, obliges the following reflection: what would have happened then if in the United States not been approved the mega bailout plan and in Europe the major countries had not decided to intervene to support its financial markets? Yesterday all countries had a reason for their markets to move down. The day began with the fears of the markets Asian on the looming recession in the world’s major economies and its impact on the region. Mistrust on the effectiveness of the American megaplan and the partial agreement between European countries amid falls in financial institutions made theirs in Europe and the United States. Latin America also suffered harshly the fears of the markets which, compared to the increase of volatility and the sharp fall in the prices of petroleum and grains, sought to undo positions and seek refuge in secure placements. Brazil stock markets were those who took the worst part having achieved a drop exceeding 15%, and with two suspensions from the wheel of operations during the day (although then recovered by closing at 5.43% red). The bag of Argentina had no better fortune and came to register a fall of 11%, (closing at 5.91% negative). Other Latin American markets were kept in tune with the widespread casualties and not stayed behind: Mexico closed with a low of 5.

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