Markets Look Beyond Eurozone Crisis As Global Cutbacks Loom ; Hdydyyd Hdydydyyd Hdydydyyd Hdydydyyd

Sunday HeraldMay 23, 2010

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Summary


MARKET watchers are braced for further turmoil this week amid fears that the recent worldwide declines go far deeper than the problems on the fringes of the eurozone.

With the FTSE100 dropping below the psychologically vital 5000 mark on Friday for the first time in seven months, experts are surprised that market sentiment has kept deteriorating since the EUR 750-billion (pound(s)650 million) European/International Monetary Fund bailout of Greece two weeks ago.

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Markets Look Beyond Eurozone Crisis As Global Cutbacks Loom ; Hdydyyd Hdydydyyd Hdydydyyd Hdydydyyd

According to Kenneth Murray, head of Edinburgh-based Blue Planet Investments, it is a sign that the markets have finally "lifted their eyes" to the risks of the world's developed countries imposing sever...

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