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Showing posts from January, 2011

Week ended 01/28/2011 -- Market this week

Japan’s credit rating was downgraded by  S&P  for it’s worsening debt situation, there was also looming threat to US about it’s downgrade. There were some mix reports from USA, like increase in GDP growth but less new home sales in 2010 e.t.c. Australian PM announced a new tax for helping in flood affected areas. Chinese Govt. announced property tax for controlling house price and inflation. Where as South Korean economic growth slows in last quarter of last year. In Spain, Govt. came into an understanding with labor unions for increasing the retirement age.

INDEX 28-Jan-11 21-28 JAN-11 14-21 JAN-11

DOW 11823 -0.40% 0.71%

FTSE 5881