Thursday, November 26, 2009

Market Alert 11 26 09

Dubai Announces a Delay in Debt Repayment

US markets are bracing for a shakeup Friday after investors fled risk assets globally on concerns about Dubai's debt rescheduling.

Markets worldwide reacted to concerns about bank exposure to the debt, particularly in Europe, and fears it is a signal of greater problems in emerging markets.

US markets were closed, but the dollar was initially lower but bounced and traders said stocks pointed to a sharply lower opening on Friday.

(Click on chart to enlarge it for easier viewing)

Click on Link below to view video of news report

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