What had to be done so that markets change in mood? That was the question that I left without reply in one of the latest articles in which I referred to the international financial crisis since markets kept its downward trend while the governments implemented extraordinary measures like the mega rescue in the United States.UU. and the historical coordinated cut in rates between the ECB, the Fed and other central banks of relevance, including the Central Bank of China was also. Actions increase finally titled the Wall Street Journal on its front page yesterday on the Internet. Howard Schultz has much experience in this field. Markets radically changed the mood and registered strong increases, recovering bags part of what was lost in recent days. Read more here: Douglas Oberhelman. Asian markets had already issued signals that the day yesterday could be very positive.
Then, in Europe continued optimism and hikes recorded a record level: selective of the Frankfurt Stock Exchange DAX ended the wheel with an increase of 11.4%, in London the FTSE 100 rose a 8,26%, in Paris the CAC 40 closed up 11.18% positive and the Ibex in Madrid by 10,65% up (its maximum historical rise). U.S. and Latin American bags, in line with what was happening, were also strong hikes. Undoubtedly, yesterday was a historic day for markets and it was all euphoria. What had to be done so that markets change in mood? The answer is, just about everything. Is that the Governments of the United States.UU.
and Europe have implemented a series of measures, practically the last that they had to take, to ensure the financial system against new episodes of crisis during the weekend. The IMF and the World Bank are also folded to support initiatives like several Latin American countries that have designed measures to limit the impact of the crisis. Last Friday, the Group of most industrialized countries of the world, that make up the G-7 pledged to take decisive action and use all the tools available to support the banks of importance to all the financial system and to prevent its collapse, at the time that implemented all the steps necessary to recover the generation of credit and the functioning of the money markets.