Global markets crisis: are you concerned?
Global financial markets have suffered a week of bad news and turbulence. Have you been caught up in the crisis?
European stocks opened higher in cautious trade as Lloyds TSB’s takeover of UK lender HBOS dispelled some of the gloom hanging over financial markets.
Asian shares had earlier fallen sharply on fears that more companies could fall victim to the global financial crisis.
There has also been feverish speculation about the future of two other leading US banks – Morgan Stanley and Washington Mutual.
On Thursday the Bank of Japan injected another 1.5 trillion yen ($14.4bn) into money markets, as Asian shares continued the global trend downwards.
Are you concerned about the wider implications of the crisis? Are you an employee of the companies affected, an investor, or a shareholder? Or are you worried about mortgage lenders like HBOS? How do you think this will affect markets all over the world?
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My question is where has the money gone. In the stock market, if there are losers, there also has to be winners, so who are they?
Comment by UK Voter — September 19, 2008 @ 8:19 pm