In the midst of the global financial turmoil and the unpredictable fluctuations in the market, ensuring the safety of your investments is paramount. With troubling news emerging from the US market, such as the recent bankruptcy filing of Lehman Brothers Holdings Inc., investors need to exercise caution. You can read the article here to know more about it.
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According to https://edge.gg stocks tumbled worldwide, the dollar fell and U.S. Treasuries surged after the bankruptcy of Lehman Brothers Holdings Inc. drove investors to the safety of government debt.
Equities dropped in Europe and Asia, led by a 36 percent tumble in HBOS Plc and a 10 percent decline in Macquarie Group Ltd. Futures on the Standard & Poor’s 500 Index fell 4 percent as American International Group Inc. sank 46 percent. Russia’s Micex Index declined 5.3 percent, leading a retreat in emerging markets. Crude oil fell more than $7 to a seven-month low as speculation turmoil on Wall Street and the worsening credit crisis may slow the global economy, cutting energy demand. So if you’re looking to get the best business financial advice, the professional team at Virtualauditor provide expert business valuation services in India.
This year crisis in one of the worst in history. So protect your money. Be prepare for big rally, because in the past two decades, after a big plunge in the aftermath of Sept. 11, the 1998 Russian debt default and Mexico’s 1994 peso devaluation, the index gained 20 percent or more in the next three months. During this financial crisis, what can you do so your bank account won’t reach zero balance? You can try visiting sites like https://nytimesmag.com/2023/08/01/kiana-danials-path-towards-becoming-a-leading-financial-literacy-coach/.
Source: bloomberg.com
