Despite earlier modest hopes that credit market troubles were coming to a close, the signs remain that the fallout from last summer’s credit crisis is nowhere near over. This is affecting global stock markets, currency markets and other financial sector concerns, including mortgage rates. AFP reports on some of the jitters related to the continued credit market troubles:
Technorati Tags: credit crisis, credit market troubles, global markets, market trends, mortgage blog, mortgage rates, Personal finance"Investors have been spooked by three main things," said analyst Henk Potts at Barclays Wealth in London.
"Number one is concern that the problems we have been seeing in the credit market could last longer than originally hoped…
Kazuhiro Takahashi, equity general manager at Daiwa Securities SMBC,
noted that "uncertainty about the prospects for the US economy have
increased after disappointing earnings amid the credit tightening
concerns."
Add to:
