The Standard widened index & Poor' S 500 yielded as for him 3,18% (27,85 points), at 848,92 points.
After being fallen Friday with low since April 2003, Dow Jones, in strong fall with the opening, did not cease oscillating between the red and the green during the meeting. It plunged in the very last minutes of meeting.
“One did not cease changing direction”, observed Lindsey Piegza, of FTN Financial. “The investors do not react to results of companies, nor with economic statistics, but to the news which comes to us from abroad and the central banks”, she added.
The principal Asian and European money markets underwent a new tumble Monday, Tokyo Stock Exchange falling of more than 6% with the fence, on its low level in 26 years.
The American central bank meets as from Tuesday and must return its verdict of monetary policy Wednesday. Many analysts forecast a new fall of its directing rate, to try to stop the descent into Hell of the markets.
On his side, the president of the European Central bank Jean-Claude Trichet considered to be “possible” a new fall of the rates directing in euro area.
The American Treasury announced that 125 billion dollars intended for recapitaliser the nine plus large banks of the United States must be freed this week.
“The market remains very volatile, that reflects uncertainties which remain numerous: on a side the investors worry about a world recession, other, they go count that many actions are underestimated”, explained Hugh Johnson, of Johnson Illington Advisors.
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