2nd November 2011
The Dow Jones fell by more than 300 points this morning (November 2nd) but the FTSE 100 has started trading in bullish fashion showing a significant gain, it has been revealed.
Investment Week reports Greek plans to hold a referendum regarding the latest proposed bailout plan sent shockwaves through markets, with the Dow Jones taking a large hit as a result.
However, heavy falls in the previous two sessions of the FTSE 100 were put aside by investors this morning, as early trading showed a 25 point (0.47 per cent) rise in the index as traders take advantage of the current lows.
Elsewhere, Bloomberg noted the Japanese Nikkei showed renewed strength last week, with its largest daily gains recorded since October 11th.
Masatsugu Okeya, a fund manager at Chiba-Gin Asset Management, told the news provider: "The economy hasn't been hit as hard as it did after the Lehman Shock, so investors are taking another look at commodities."
Postd By Andrew Henderson
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