The global investors clattered the American markets by almost 5% after the Chinese stock indices news in circulation. US stock indices S&P 500 performed unusual & volatile term with a vivid change in Apple stock.
While on the other hand, Dow Jones Industrial Average dropped more than 1k points, as biggest fall in Intra day trading ever, followed with a huge dip on Monday in Chinese stock market with a huge sell off of equities, crude oil & various commodities.
Wall Street feeling blue after the global indices volatility, the core investors getting concerned about artificial devaluation of its currency & economy. Most of the investors off-laded their investment in order to safeguard & make profit in this volatile scenario.
Many analyst thinks that if the things continue to remain same than it might be a bad time to enter into this volatile market. With the subsequent reports of Apple Inc. our research team predicts the price might shoot lower than 98$ per stock till October of this year. With the correction level, all the US market index remains on a lower side.
Source: Seven Star FX Research Centre
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The US based oil & gas companies like Exxon, Shell & Chevron lost more than 300 billion $ in intra day trading. While the dollar index rate are at on downside with 1.67%.due to change in currency level, the major outsourcing & IT companies IPO dropped to staggering low at 3.67%. Even though the US market seems to be down but the volume outnumbered in many stocks creating a new history in volume traded.
Most of the major S&P 500 companies were incurring huge losses while energy sector companies got hit hard the most. Even their oil prices were record low at 5 %, in addition Copper & Aluminium prices were down creating a new record low of 6 years
With the recent global economic downturn, our team predicts that the currency: USD/CHY & EUR/CHY can gives the better & marginal returns if traded appropriately. While on the other hand trading or fresh investments in any other financial securities can be a big no-no unless & until there is no major happening by this year end.
Date: 25-08- 2015