Global peril in the US balance of payments
Article Abstract:
The US current account deficit is growing and this could affect the world economy in a number of ways if a balance of payments crisis occurs in 1998. The US dollar could collapse, as could world equity markets, and interest rates could rise, while the US could suffer a world recession. A strong US dollar has affected the US trade balance. World stock prices have tended to move with the US dollar, so a dollar fall could lead to a general drop in stock prices world wide.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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June: a tough one to call: historical trends indicate good odds for a June equity price rise in London. But they also point to a fall on Wall Street, which could drag London down. Higher prices are likely for the rest of 1995, though
Article Abstract:
June is the worst month for investors although the first quarter of the month tends to be profitable. The major problem is big hits or price falls of 5% or more, that arise every five or six years. The UK stock market tends to follow Wall Street's lead and this is particularly evident in June where markets have fallen or risen together for 12 of the past 15 years.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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