RSS

Tuesday, February 9, 2010

Today Dow,Nikkei and Stoxx 50




As you see to the right of this post, that most of the stocks are going up for the Dow (American market) and for Stoxx 50 (European market). There are several reasons why this is occurring; first of all it has to do with Venezuela. For several years oil in Venezuela was put mostly in reserve for foreign country. (U.S. for n example) Venezuela decided to create a sort of agreements with theses countries. Allowing his merchandise (oil) is paid as soon as possible, why Venezuela did made that it, its strongest point in the contract. It’s because in the past whenever Venezuela advance money to a country, it took to long to receive the money back. Venezuela wanted that both sides agreeing on this contract to remember that point. This contract was signed in the beginning of January between several countries. This is only one reason why several markets have been climbing up at such good speed.

1 comment:

  1. Break it down for me. What exacly is the dow jones industrial?

    ReplyDelete