Tuesday, September 29, 2015

Wall Street closes in the red again as fears mount up

FXStreet (Guatemala) - Wall Street was trading in the deep red once again as investors continue to fear that global growth has hit a plateau and has peaked.

Safe havens such as the Yen and bonds were the top performers while Gold was unable to shake off the dire situation in the commodity sector, with Glencore pioneering the concerns in the mining sector after it plunged 30% when Investec analysts raised fears about lower metal prices and their heavy debts.

On the back of Global performances, equities are in the running to report the worst quarter since 2011 while the MSCI All Country World Index has been down 11% for the quarter and has lost 2.1% today alone, the worst in two years. Following suit, the S&P 500 Index closed down 2.6%, down 8.8 % for the quarter.
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