Stocks Slump As Tensions Start To Intensify
August 8, 2014 7:00 amVideo
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August 8, 2014 – Stock Market News
Today’s Hot Asset – BHP Billiton
Stocks in Europe ended yesterday’s session trading slightly lower. Investors are starting to show concern regarding Russia’s ban of certain imports from Europe and the U.S. This news created a lot f doubt amongst investors and as a result stock value started to slide.
Stocks in Asia traded lower throughout the final trading session of the week. Investors in Asia looked towards safe haven assets such as gold during today’s session neglecting the stock markets. Traders fear the fact that the ongoing conflicts in Ukraine and the Middle East could have a very negative effect on global growth. This was what swayed investors towards safe haven assets and in-turn sent stock values lower.
Stocks in the U.S. also ended the day yesterday trading lower. Investors in the U.S. sparked the initial concern that was replicated during the Asia session this morning. That unsurprisingly lead to the downfall of stock values during yesterday’s session.
Today’s hot asset is, BHP Billiton. One of the world’s largest mining companies is having a bad day so far today as are many other companies within the mining sector. Their share price has shortened by 2.06% so far today and I expect more movement as the session progresses which is why this is my hot asset of the day.
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