US markets zoom again
Posted by admin . Published on 22 March 2010, Received
Just before the beginning of the trading today, the US markets were expected to open and remain in the negative territory due to weak global cues. There were reports of Google pull out of China alongside the report of confusion in Europe over Greece bailout.
The Asian region also saw sell off today due to fears of a rising interest rate in the near future. But within one hour the US stock markets have moved into the positive territory and were seen trading at a new multi-month high levels due to optimism on US economic recovery.
We need to wait and see as to how long this optimism will sustain.
