With the soon and imminent entrance of the famous social networking site Facebook into the global markets it was shrouded with little less than pessimism last week while the ongoing markets unremittingly made lower operations for the whole week of trade. In addition, as with the previous week, the euro crippled Greece is still the hot seat of attention with Spain and Italy helplessly dragged into a dire economic sludge. On the other hand German GDP statistics presented only the briefest and comprehensive interval from the seemingly unending strife. News circulated that a new Greek government had once again failed to make contingencies which resulted a flurry of trades in the middle of the week. American data on the other hand failed to stand its ground as Fed minutes failed to suggest that the largest global central bank was anything but close to activating the QE3 initiative.
In the midst of it all the Eurozone crises persists to thrall not just the investors at present but it will slowly make so many difficulties that even the average person will succumb to it sooner or later. The apparent and impending exit of Greece from the eurozone currency will figuratively not just be a ripple effect across Europe but a potential tsunami effect to the entire global economy. Various sentimental reactions regarding the FTSE 100 have been relatively optimistic in the course of the entire week, however with the bears gaining ground once again the possible two- way shift in indicator will close out for the long while others will commence on short positions.
Meanwhile as sentiments on the indices generally remains positive, there is some hope that other parts of the global economy will somehow still offset the Eurozone crises even if it’s just on the slightest degree. The quest for finding a safe haven for money players is dropping with slight denomination still having high hopes that the value of the dollar will still increase over the yen. The crisis is now then considered a better option for uptight investors with the Japanese Finance Ministry hinting a reduction of glare to their solid currency.