What will happen to the Asian markets in the first hour of trading today? (user search)
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  What will happen to the Asian markets in the first hour of trading today? (search mode)
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Poll
Question: What will happen to the Asian markets in the first hour of trading today?
#1
Up		  
#2
Down by less than .5%		  
#3
Down by .5%-1%		  
#4
Down by 1%-2%		  
#5
Down by 2%-5%		  
#6
Down by more than 5%		  
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Partisan results
Total Voters: 12

Author Topic: What will happen to the Asian markets in the first hour of trading today?  (Read 2819 times)
J. J.
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« on: July 24, 2011, 03:54:20 PM »
Down by .5%-1%.  The key is that there is talk of downgrading the US credit rating from AAA to AA+.  That is independent of the debt ceiling deal (or lack thereof).
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J. J.
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Posts: 32,892
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« Reply #1 on: July 24, 2011, 07:07:34 PM »
Dow futures are now -103.  Gold opened higher but has pulled back a bit to +13.90.
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J. J.
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Posts: 32,892
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« Reply #2 on: July 24, 2011, 07:12:30 PM »
Nikkei is down 66 at 8:10 EDT, more than a 0.5% drop.
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J. J.
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Posts: 32,892
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« Reply #3 on: July 24, 2011, 07:15:15 PM »
Quote from: ○∙◄☻¥tπ[╪AV┼cVê└ on July 24, 2011, 07:11:35 PM
Quote from: J. J. on July 24, 2011, 07:07:34 PM
Dow futures are now -103.  Gold opened higher but has pulled back a bit to +13.90.

Well, neither of those are a percent, so not too exciting.

Just reporting, not commenting.

I said the Nikkei would be down 0.5%-1.0%; that happened ten minutes in, but it is not near a 1% drop.
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J. J.
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Posts: 32,892
United States


« Reply #4 on: July 24, 2011, 07:27:25 PM »
Nikkei is down about 0.7%, off its low.  Gold is up about 0.7% off its high.  A minor and orderly retreat, so far.
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J. J.
Atlas Superstar
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Posts: 32,892
United States


« Reply #5 on: July 24, 2011, 07:32:09 PM »
At the half hour, Nikkei is down 0.67.
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J. J.
Atlas Superstar
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Posts: 32,892
United States


« Reply #6 on: July 24, 2011, 07:45:20 PM »
NAS Futures are getting hit.  -25.50, or about 1.2%.  Dow Futures are at -110.  Both are off lows.

Orderly retreat.
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J. J.
Atlas Superstar
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Posts: 32,892
United States


« Reply #7 on: July 24, 2011, 08:03:34 PM »
At the one hour mark, the Nikkei is down 0.56%.  Dow futures are off 106; NAS futures are off 23.50.  AU up 11.40.
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J. J.
Atlas Superstar
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Posts: 32,892
United States


« Reply #8 on: July 24, 2011, 08:30:03 PM »
Now the Nikkei is down 0.55%.  There has been some fluctuation, but it has been an orderly retreat.  No sell off at this point.
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