Crude hits $140
June 27th, 2008
The big number is reached!! $140 - that is the price of a barrel of crude oil. The markets immediately reacted and selling pressures are seen in almost all sectoral counters.
NASDAQ lost 79.89 points or 3.33%. Dow Jones Industrial Average is down 358.41 points or 3.03% S&P 500 is down 38.82 points or 2.94%
Bank of America is said to be planning a cut of 7500 jobs after acquiring Countrywide. Existing- US Home sales rise 2% in May.
The Asian markets that have already been open as of now are in the red. Seoul Composite is down 2.77%. The NZSE 50 is down 1.59%. Shanghai Composite is testing 2900 levels today.
1 U.S. dollar = 0.63500127 Euros
1 U.S. dollar = 106.51896 Japanese yen
Entry Filed under: Global Markets
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