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Frankfort
Standard & Poor
Sam Stovall

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Investors and share dealers will spend the weekend taking stock after a tumultuous week in the world’s financial markets. The turbulence began on Tuesday, producing huge falls and share prices on Thursday before the US Central Bank, the Federal Reserve, helped to restore calm with a half percent cut in a key interest rate on Friday. The recovery was so strong that the main New York index was only slightly down on the week, while some stock exchanges including London and Frankfort actually recorded gains. An equity’s analyst at Standard & Poor's Sam Stovall said the Federal Reserve wanted to show it was steering the US economy in the right direction.
The reason why they did do something quickly was to show the market that yesterday they are, not asleep at the wheel, they are paying attention, and they are willing to do, whatever it’s needed to make sure that an orderly business flow is maintained, but at the same time, they are indicating that because something has needed to be done that there are increased concerns about the health of the economy.
World news from the BBC.
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[此贴子已经被作者于2007-8-19 9:08:34编辑过]
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posted on 2007-08-19 09:28
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