NYSE Euronext (NYX) experienced record trading activity on its U.S. cash equities exchanges and all of its derivatives operations for the month of September 2008. In addition, NYSE Euronext’s markets added 60 new corporate listings and 75 Exchange Traded Products.
Nowhere to run, nowhere hide, or so it seems in recent weeks. Last week was no exception, and the havoc continued across the globe yesterday and continued into the trading in northern hemisphere markets.
Markets tumbled around the world, the euro fell sharply against the yen and the US dollar;oil dropped below $US90 a barrel and the Australian dollar plunged by over 5% in a matter of hours.
Volatile market conditions contributed to very strong trading across the equity order books of the London Stock Exchange Group during September. £302.8 billion (€383.1 billion) worth of equity trading was carried out during the month, an increase of 24 per cent on September 2007, while the total number of trades increased 62 per cent to 27.1 million.
A report by Atradius, a leading global trade credit insurer, has found that manufacturers are bracing themselves for further price hikes in raw materials as vital commodities such as tin and copper suddenly become as highly prized as gold.
US markets rose strongly, cutting Monday's losses in half as investors went all optimistic and bet the $US700 billion bailout package would be approved.
US politicians bailed out of helping correct the mess they and their financial groups created on Monday, sending the world economy into waters not visited since the Great Depression.
