GLOBAL FINANCIAL MARKET ALERT All Eyes On Euro
First we had Wall Street, then the Middle East Petro Plunge and now many financial analysts are on Euro Watch as global financial markets reacted negatively last week to debt concerns in Europe. Asia experienced a sudden impact late in the week as concerns are mounting over the possibility that the European Union's lesser members could fall into a default situation.
Speaking to potential overseas investors during the past few weeks comments seem to converge while the easy road has been to view Thai politics as a key detriments which is sidelining new deals, it would appear that more focus is on a possible larger contagion. Many fund managers have been viewing the first quarter of the year as an opportunity to calibrate recovery and also calm nerves over potential risk. Needless to say there is now a fraying at the edges and many eyes are looking to the coming weeks performance for the worlds stock and currency bourses
Buckle up as 2010 could be a wild bumpy ride.