Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.
Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.
The stock market crash this summer drove US investors towards safe haven investment. The US investors started buying gold bars and coins in the wake of August meltdown.
Bill Gross, a bond manager, forecasts further fall of 10 percent in many asset classes, while advising investors that cash is the best bet until a clear picture about the next direction of the market emerges.
Billionaire Warren Buffet is most likely going to fail in achieving his target for the first time since he took over Berkshire Hathaway in 1965, Bloomberg reported.
A major index of world equities rose to near a six-year high on Friday, helped by gains in U.S. stocks, on faith in an improving global economy and support from central banks, while U.S. crude oil rebounded from recent declines.
Managers of hedge funds said to Reuters the worry over the US government defaulting on its debt payments was not as dire as they had experienced during the days leading to the collapse of financial services firm Lehman Brothers.
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