Money News: World Markets Plummet; React to U.S. Ebola Death; Global Pandemic

AddThis Social Bookmark Button

The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, suffered a week-long meltdown, hitting a single day loss following the death of U.S. Ebola Case 1 announcements which caused investor panic and sent global markets spiraling out of control.

 

The DOW experienced the largest one day loss on Thursday falling 355 points following the Wednesday death of U.S. Ebola patient Thomas Eric Duncan.

The DOW opened the first full week of October at a solid 17,009.69 after a net gain of +208.69/+1.24%. Experiencing small gains on Monday, the markets never rallied, plummeting throughout the remainder of the week, closing down at 16,544.10 for a net loss of -115.15/-0.69%.

Skittish investors reacted to the news of U.S. Ebola death and a calm panic, replacing an expected mass hysteria which will be an undercurrent for some time, caused a freefall not seen on Wall Street since June 2013.

The few winners for the week include Coca-Cola Co (+0.60/+1.37%) trading with a closing price of $44.47 per share, Procter & Gamble (+1.03/+1.23%) closing up at $84.69 per share, Walt Disney Company  at $86.27 per share up (+0.56/+0.65%) and Wal-Mart Stores Inc  at $78.29 per share up (+0.43/+0.55%).

Active on the DOW include Intel Corp moved 80.92M shares in heavy trading for a net loss of -5.09% closing at $31.91 per share, Microsoft Corp in medium trading moved 51.98M shares closing down at $44.03 with a loss of +3.97%, Cisco Systems Inc also in medium trading moved 48.31M shares for a net loss of -3.51% closing at $23.34 per share, General Electric moved 47.84M shares in medium trading for a net loss of -2.06%.

The NASDAQ ran alongside the DOW and experienced triple digit losses which effectively suppressed the predictions by analysts of a record high of 5,000 in the next two months. NASDAQ closed up at 4276.24with a net loss of -102.10/-2.33%.

The S&P 500 also experienced smaller double digit losses closing slightly down at 1906.13, with a loss of -22.08/-1.15%.

Russell 2000 also closed down, experiencing smaller double digit losses, at 1,053.32 with a loss of -14.67/-1.37%.

World Markets

The ten most watched world markets Canada's S&P TSX Composite, the Dow Jones Industrial Average of the U.S., Mexico's IPC, London's FTSE 100, CAC 40 of France, Germany's DAX, the SENEX of India the Hang Seng Index and the Shanghai Composite, thankfully, closed the week ending the shocking deep losses.

Global markets fighting the Ebola ripple effect experienced a blood bath with Asia markets, barely recovering from a recent hemorrhage, spiraling out of control. Huge losses were suffered from Mexico's IPC with -646.44 point drop to Indian SENSEX falling -339.90 points.  

The exceptionally brutal week left a blood trail through every major financial market, as markets from Asia to London to the United States felt the shock of single day losses knocking the wind out of the consistent gains recently experienced across the ten major global markets.

Nikkei 225

The Japanese Nikkei 225, followed suit with the global markets suffering through another disastrous week, falling steadily throughout the week, with no bottom in sight the Nikkei 225 closed down enduring triple digit losses closing at 15,300.55 with a loss of (-178.38/-1.15%). 

Gainers for the week include Keisei Electric Railway (+36.00/+3.21%), Fast Retailing Co Ltd  (+635.00/+1.70%) and Sekisui House Ltd (+16.50/+1.32%) and Nippon Suisan Kaisha (+4.00/+1.28%),

Losers include Inpex Corp (-69.00/-4.89%), NGK Insulators Ltd (-105.00/-4.16%), Isuzu Motor Corp Ltd (-56.50/-4.02%), Unitika Ltd (-2.00/-3.92%).

Movers on the Nikkei include Unitika Ltd in strong trading moved 88.65M shares and closed down at (-3.92%) at ¥49.00 per share, Mitsubishi UFJ Financial in medium trading moved 62.87M shares to close down at ¥589.40 per share for a net loss of (+2.03%) and Kobe Steel in medium trading at 50.36M shares to close down at ¥162.00 per share for a net loss of (-2.41%).

FTSE 100

London Markets along with the rest of the ten most watched markets closed down suffering deep losses.

In moderate trading the FTSE 100, mirrored the U.S. DOW and experienced small gains on Monday which proved to be the calm before the storm as the bottom fell out and the FTSE plummeted closing down 6339.97 with a net loss of -91.88/-1.43%.

Big winners in the FTSE 100 include easyJet PLC (+7.00/+0.52%), AstraZeneca PLC (+90.00/+2.14%), Persimmon PLC (+15.00/+1.18%) and Aberdeen Asset Managers PLC (+2.70/+0.69%).

Losers include Hargreaves Lansdow (-38.50/-4.17%), Weir Group PLC (-94.00/-4.09%), TUI Travel PLC (-13.10/-3.67%) and Tullow Oil PLC (-45.00/-7.88%).

Active on the FTSE 100 includes Lloyds Banking Group moved 144.75M shares in a third straight week of heavy trading to close down at €74.68 a loss of -0.78%, Vodafone Group PLC moved 86.59M shares, in a third week of solid trading closing down at €193.90 with a loss -1.75% and Glencore PLC moved 62.68M shares closing at €312.25, for a net loss of -2.95%.

Hang Seng Index

The Hong Kong Markets, always a roller coaster, suffered the second largest loss in the ten most watch markets over this past week, with a weeklong freefall, the markets closed down at 23,088.54 with a net loss of -445.99/-1.90%.

Index Movers on the Hang Seng Index include China Merchants Hong Kong (Hong Kong) (+0.10/+0.42%), China Shenhua Energy (+0.05/+0.23%), China Mobile Ltd (+3.10/+3.45%), AIA Group Ltd (+1.05/+2.62%).

Active trading on the Heng Seng Hong Kong Index includes China Construction moved, in medium trading, 152.76M shares closing down at HK$5.49 with a net loss of +1.61% and Bank of China Ltd in heavy trading moved 215.46M shares closing at HDK$3.47with a gain of (-1.70%).

Losers for the week include Lenovo Group Ltd down (-0.60/-5.05%), CNOOC Ltd Hong Kong down (-0.54/-4.01%) and Kunlun Energy Co Ltd (-.40/-3.62%).

Source: Bing Finance

 

Haute Tease

  • Beltway Insider: African Agenda Global Challenge; ISIS; Malaysian MH370/MH17; Climate Win; Bill Cosby

    AddThis Social Bookmark Button

    President Obama plans a major announcement this week to compliment the twelve nation Asian Pan Pacific declaration that for the first time included environmental protection, from tundra to island ecosystems, coral reefs and rain forests, in the Trans-Pacific Partnership.

     
  • Beltway Insider: Die-In Protests Spread; S.I. Cop Racist Background; November Job Report; Sandy Hook

    AddThis Social Bookmark Button

    President Obama has remained reluctant to criticize the process which left a white NYPD police officer exonerated in the videotaped murder of an unarmed black man detained for selling loose cigarettes as his Attorney General nominee Loretta Lynch prepares the federal inquiry.

     
  • The Fall of the American Empire Review – Riveting, A Race Against Time Thriller

    AddThis Social Bookmark Button

    The Fall of the American Empire, from Sony Pictures Classics, brings to the screen a smart, riveting, pulsating film resonating with sarcasm and indictments on society, and presenting fate intersect the ultimate test of good and evil.

     
  • Valentine’s Day Gift Guide - For the Romantic, Lover, Friend and the Hopeful

    AddThis Social Bookmark Button

    Valentine's Day the first holiday after the New Year that revives retailers, as the expected revenue tops $18Billion annually, with a burst of gift giving as the world succumbs to romantic fantasies, warm feelings of amour, roses, chocolates and love.

     
  • Beltway Insider: Obama, Trump Meet; Election Protests; Transition Shock; Cyber Attack; Paris; New Zealand; Hillary

    AddThis Social Bookmark Button

    President Obama, as per protocol, made a congratulatory telephone call and agreed to meet with President Elect Trump in the Oval office. The meeting, visually uneasy, was void of fanfare and limited to the mandates critical to the transition of power.

     
  • Beltway Insider: Obama, G7, Agenda; Election; Egypt Air; Syria Bombings; Cosby in Court; Bob Dylan

    AddThis Social Bookmark Button

    The leaders of the G7 met this week in Ise Shima Japan to reiterate their commitments to advance major global economic and political agenda guided by a set of common values based on freedom, democracy, respect for human rights.

     
  • HL London: 15 Fun Facts as The Coco Cola London Eye Celebrates 15 Years

    AddThis Social Bookmark Button

    The Coca Cola London Eye is celebrating its 15th anniversary this year! Since first opening 15 years ago in 2000, the London Eye has become one of the world's most iconic landmarks, offering unrivaled 360 degree views over London.

     
  • The Complete Brain Exercise Book Review - Easy Mental Exercises Guaranteed to Keep The Mind Sharp

    AddThis Social Bookmark Button

    The Complete Brain Exercise Book, the second brain stimuli tome from Dr. Fraser Smith, picks up where he left off in Keep Your Brain Young, by penning an exercise manual guaranteed to keep the mind sharp and agile.

     
  • Fashion and Style Fixes and Tricks Review – A Round-Up for the Fashionista Everywhere

    AddThis Social Bookmark Button

    Every fashionista knows that putting together a great look can often be fraught with problems, annoyances, or plain old doldrums. However, ever-clever apparel and accessory designers are continually bringing innovations to market that help ensure your efforts to rock chic, stylish and fresh looks don't hit a snag.  Here's one notable group of fixes, tricks and helpful conveniences to help you thwart a litany of fashion and footwear frustrations and even create looks that are unforgettable:

     
  • Celebrity Real Estate News: Songstress Carole King’s 128 Acre Idaho Compound Hits Market

    AddThis Social Bookmark Button

    Perhaps longer than any other American singer and song writer, Carole King has been a favorite of the Baby-Boom generation. Her writing and recording career began in 1958 at age 16 writing hits for a wide range of performers from Bobby Vee and Tony Orlando to Aretha Franklin and the Drifters.

     
  • The Summit Review – Stunning, Shocking, Devastating

    AddThis Social Bookmark Button

    "The Summit," a doc-drama from Image Now Films, Fantastic Films and Passion Pictures, recounts the day eleven climbers were killed on K2 in what has become known as the deadliest day in mountain climbing history.

     
  • 50 Shades of Annabelle: Interview with Annabelle Gurwitch on her new book,

    AddThis Social Bookmark Button

    OMagazine once called actor and author Annabelle Gurwitch "slyly subversive," and she never ceases to live up to that description. One of America’s more clever and funny social critics, Gurwitch's witty insights on politics, art, and pop culture have made her an in-demand guest on The Today Show, The CBS Early Show, Showbiz Tonight, CNN In the Money, Fox and Friends, Real Time with Bill Maher, and National Public Radio. 

     
  • World News: Boris Johnson, Populism and The Political Reality

    AddThis Social Bookmark Button

    Confronted with poorly understood political realities, the populist discourses championed by Boris Johnson and Matteo Salvini face the complexity of the national and European institutional systems they are fighting. Let me explain.

     
  • Celebrity Interview: Aldis Hodge, star of Brian Banks, Talks on Casting, Training and Bringing the Emotion

    AddThis Social Bookmark Button

    Aldis Hodge, the star of the just released true story of vindicated USC bound footballer Brian Banks, took time out of his packed schedule during the recent media day to sit down with Haute-Lifestyle.com Publisher Janet Walker.

     
  • Beltway Insider: Obama, Pope Differ on Syrian Exodus; EU Overburdened; Child Drowns; ISIS and Assad

    AddThis Social Bookmark Button

    President Obama, after years of tough talk and defiant rhetoric, has grown increasingly silent on the deposition of Syria's Basher al-Assad even as the mass exodus has done little to remind the President of his former attempts to depose the despot.