Friday, March 2, 2007

FTSE & DAX go hand in hand



The FTSE 100 fluctuated very sharply in a volatile trading session. Yesterday after swinging, the FTSE 100 rested by making it a three-month low. The FTSE was 0.9% low at 6116. Its fall was very hard-hitting. But an overnight rally on Wall Street helped the FTSE 100 to make a way to a bright time, but that didn’t last long. As soon as the wall-street re-opened again, the FTSE was already down by 132 points, registering a third-successive period of triple digit losses.

By the time FTSE was thinking that its alone in the World Market, DAX dropped in and said

“I’m here to accompany you”.

The DAX also moved in a downward trend. It was down by 1.1% to 6640.24 on the Xetra-Electronic Trading system in the stock market. The Germany’s X-DAX index also slithered by 0.1% to 6628.86.

Seems at the weekend, the stocks are taking rest. If it’s the case, then there may arise a problem in both countries respectively.

What do you think will the FTSE & DAX recover their positions by end of this week or not?

PLEASE COMMENT




2 comments:

Anonymous said...

Hey nice article , and I also like your blog overall , it is very colourful and vibrant...nice work keep going !!!!

Anonymous said...

Thanks Anonymous..Thanks a lot