The Fed'S "Reverse Operation" Is A Drag On Global Stock Markets.

2011/9/23 9:25:00 24

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After two days of discussions, the Fed launched the "reverse operation" instead of the third round.

Quantification

Loose (QE3), reduce short-term treasury bonds, increase long-term treasury bonds, so as to lower long-term interest rates and stimulate economic recovery.

The news not only failed to boost market confidence, but increased investor disappointment.

The US stock market took the lead in giving a response. When the news came out, it began to dive. At the close of the New York stock market, the three major stock indexes of the United States all fell sharply.

On this 22 day, the global stock market crashed, and the Asia Pacific and European stock markets fell collectively. This reflects the obvious psychological impact of the Federal Reserve on international investment psychology.

Take Korea as an example. On the same day, the Korean composite stock index went down all the way, and finally closed at 1800.55 points, down 53.73 points.

At the same time, the US dollar's exchange rate against the Korean won rose sharply on the same day, which was once close to the high point of 1:1180.

In addition, the interest rates of three and five year bonds in Korea also showed a significant downward trend.

In Tokyo's foreign exchange market, the yen also rose to the high level of 76.20 yen to 1 dollars against the dollar.

exchange rate

It also set a record of 103 yen to 1 euros.

Market participants believe that in the next few days, the yen will be under tremendous pressure of appreciation.

The Fed's "reverse operation" measures also led to more than 2% of Europe's three largest indexes, the FTSE 100 index, the French CAC40 index and the German DAX index.

At present, the European sovereign debt crisis is haunting. The risk of the two recession in the US economy has intensified, which has led to the two global economic worries.

Faced with such a situation, countries may be forced.

Recruit

。