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October 19, 2005

Global after-shock, Wed., Oct. 19, 2005, 5:58 AM

Following yesterday's release of the stunning U.S. Producer Price Inflation index report, and Friday's CPI report, the international equity markets have suffered significant losses. This is a situation that must be watched closely by all traders. The concern here is that traders are universally seeing that interest rates around the world will now increase and that easy credit expansion by banks in most countries since post-9/11 is over.

Here is the Yahoo Finance Asia / Pacific equity market performance table for last evening. It is not a pretty picture. Neither will Europe's be today. And yesterday, Brazil's Bovespa was down almost 4 pct.

Posted by Posted by Bill Cara on October 19, 2005 05:59:48 AM | Category: International Equity Markets

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