US markets again ended on a slippery note
Wall Street ended on slippery note on second day too as the prospect of more European bailouts and worries China will rein in inflation prompted investors to abandon risky assets.The developments, especially questions about Ireland's financial stability, caused a spike in the US dollar, which hit commodity prices. That in turn sent equities lower, with natural resources companies leading the way down.Bill Strazzullo, partner and chief investment strategist at Bell Curve Trading in Boston said: "Is dollar strength just a correction in a larger trend of dollar weakness, or are we beginning to turn around here?. If it looks like the U.S. dollar is finally stabilizing here and gaining its footing, we're going to have a good-sized pullback in equities and commodities markets."
(source: reuters.com).
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