The unraveling is going global….

18 01 2016

You never hear about markets outside of New York, London, and Australia…….. but, as seen here from a Zerohedge article by Tyler, the rout is global.  And because these countries are at the core of our hydrocarbon energy sources, if they don’t recover……?

Broad Middle-East and African stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% – the most since Black Monday (now down over 50% from their 2014 highs). These losses are far in excess of US ‘catch-up’ moves and suggest a dark cloud over Asia this evening.

 

It’s been a bloodbath in the Middle-East since the year began…

 

Africa/Middle-East Stocks crashed 5%…

 

Saudi Arabia’s Tadawul Index is down 5.4% on the day – the worst since August’s collapse and has lost over 50% since its exuberant peak in 2014…

 

Kuwait down over 4% to 2009 lows…

 

But Qatar was carnaged… (down over 8%)

 

Makes you wonder where all that hot-money from The Fed flowed eh?

 

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2 responses

18 01 2016
rabiddoomsayer

Global society, globalized trade, globalized crash. Even so; falls in economies and stock markets dominated by oil is to be expected given the low prices.

18 01 2016
Arthur Robey

The best place to get good data on the Australian economy is on the street.
Our MSM is off with the fairies. And main street Adelaide doesn’t look too hot.

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