Realistbear Posted February 11, 2011 Share Posted February 11, 2011 http://uk.finance.yahoo.com/news/European-shares-end-higher-reuters_molt-1241404798.html?x=0 European shares end higher as Egypt president quits 16:41, Friday 11 February 2011 LONDON (Reuters) - Europe (news) 's shares broke a three-day losing streak to close higher on Friday, boosted by news that embattled Egyptian President Hosni Mubarak had stepped down. The FTSEurofirst index of leading European shares provisionally ended up 0.5 percent at 1,174.88 after trading as low as 1,159.86 earlier in the day. The index was up 0.8 percent this week, extending the gains for the year to 4.7 percent. Much of it priced in no doubt. Bit of a yawn freally. Miltitary rule backed by US until elections in September. Muslim brotherhood won't be happy campers. Link to comment Share on other sites More sharing options...
Sledgehead Posted February 11, 2011 Share Posted February 11, 2011 Much of it priced in no doubt. Bit of a yawn freally. Miltitary rule backed by US until elections in September. Muslim brotherhood won't be happy campers. Don't get me wrong, I'm pleased as punch for the protestors. But the markets's reaction, as you point out, suggests we aren't about to see freedom, peace and justice. Egypt aleady boasts a hefty misery index (product of unemployment & inflation). Mubarak recently tried to bribe public sector workers with a 15% wage rise - and they still came out striking for better pay and conditions (quite a different crowd from the Tahrir sq lot). How will any administration cope with hopes and dreams of these supposedly liberated people? My guess is money-printing on a grand scale. Let's face it, revolutions and hyperinflations ain't exactly strangers (eg French Revolution). Why should western markets be bouyed by that prospect. Maybe it's because some believe this move hastens similar popular uprising threats in China. If the Chinese administration responded with better pay and conditions it would without doubt make manufactured goods MUCH more expensive .... and that would make the west more competitive. But that's an awful lot of convoluted if-ing. Best to just let the market do what it will and not try to impose one's own sense of logic on it. Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 11, 2011 Share Posted February 11, 2011 Has my house gone up in value? Link to comment Share on other sites More sharing options...
Hywel Dda Posted February 11, 2011 Share Posted February 11, 2011 Wait to see what happens in Bahrain on the 14th. This Tuesday. Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 11, 2011 Share Posted February 11, 2011 Wait to see what happens in Bahrain on the 14th. This Tuesday. Why the 14th? Link to comment Share on other sites More sharing options...
Um_Bongo Posted February 11, 2011 Share Posted February 11, 2011 Why the 14th? Use the "force" Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 11, 2011 Share Posted February 11, 2011 Why the 14th? Mob streak? Link to comment Share on other sites More sharing options...
MC Fur Q Posted February 11, 2011 Share Posted February 11, 2011 Apparently oil is down... though up on the day, maybe it will continue downwards? Oil price falls after Egypt's President Mubarak resigns Link to comment Share on other sites More sharing options...
Hywel Dda Posted February 11, 2011 Share Posted February 11, 2011 A mass demonstration is planned in Bahrain, Saudi's Neighbour. If the domino effect continues Saudi oil sheik's will be having an embolism. This might have been the reason the U.S where not so keen (behind closed doors) to see Mubarak go. Imagine the effect Saudi becoming democratic will have on the Markets. "14th February 2011 is Revolution Day in Bahrain" Link to comment Share on other sites More sharing options...
Sledgehead Posted February 11, 2011 Share Posted February 11, 2011 A mass demonstration is planned in Bahrain, Saudi's Neighbour. If the domino effect continues Saudi oil sheik's will be having an embolism. This might have been the reason the U.S where not so keen (behind closed doors) to see Mubarak go. Imagine the effect Saudi becoming democratic will have on the Markets. "14th February 2011 is Revolution Day in Bahrain" Thanks for the heads up, but can I just add that that is NOT the answer you should be giving the wife or gf, should she demand one. Link to comment Share on other sites More sharing options...
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