World stock markets continued to decline due to continued concerns related to the impact of the crisis Greece after rating agency Standard and Poor’s lowered the ratings of debt of Greece to the status of ‘junk’ (garbage) and also cut its rating of Portugal. As quoted from Bloomberg, Thursday (4/29/2010), the Greek debt ratings downgrade by Standard and Poor’s make investors afraid to invest their capital.
Investors assume that European leaders failed to overcome the current crisis, Greece and the crisis will be “contagious” to other European countries are much weaker.
“Investors fear the crisis will continue to widen, and that’s a good excuse for them to take their capital,” said one investor in Spreadex, Andrew Sykes.
In Europe, the UK’s leading share index the FTSE 100 down 52.98 points, or one percent at 5550.54. While in Germany’s DAX slipped Bonds 107.20 points, or 1.7 percent to 6052.31. The CAC-40 in France was 81.11 points, or 2.1 percent to 3763.49. According to data from Standard and Poor’s, this is a decrease terdrastis.
Earlier, Asian shares tumbled, marked by Japan’s Nikkei 225 fell 2.6 percent, and fell to 10924.79. Wall Street was also affected with a decline in the Dow futures are down 27 points or 0.3 per cent to 10 928. While 500 stocks listed in the data by Standard and Poor’s dropped two points, or 0.2 percent at 1179 points.
Today’s most dramatic decline registered in Portugal, where the main index 20 in Lisbon, the PSI, slipped 5.8 percent to 6,736.26.
Index of Athens, ASE fared better after regulators banned the sale of banking shares over the past two months. ASE shares declined dramatically after five days, the index fell only 0.9 percent at 1682.24 points.