stock market forecast september 2011

stock market forecast september 2011, european market forecast september 2011 : European debt concerns sent stocks down for the third-straight day after investors returned from a long weekend. The benchmarks suffered their worst three-day start this month since October 2008. This was also the S&P 500’s worst start in September in five decades. However, an encouraging report on the services sector soothed nerves somewhat and partially eroded the losses.

Lingering concerns about the euro-zone debt crisis resurfaced to spook investors, while European shares dipped to their lowest finish in two years. Fears of the debt crisis spreading to Europe’s third largest economy, Italy, continued to gain strength, amidst debates in the nation’s parliament over austerity measures. Last month the European Central bank (ECB) had inflated its bond-buying program to include Spanish and Italian bonds, However, analysts opine that this would fail to suffice in the long run and believe that Europe might be heading into troubled times.

Euro-zone debt concerns have been a constant laggard for US benchmarks since late last year when Ireland was afflicted by the debt crisis. Spain, Portugal and Greece have been added to that list and Italy seems to be headed in the same direction. In July, the European Union had stepped in to announce a bailout package for Greece, but there seems to be no respite from lingering concerns. Global economic outlook had further weighed down investor sentiment and European markets had deteriorated also in August. Read More...

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