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I now understand the rise in the stock market
bpost
Member Posts: 32,664 ✭✭✭✭
The news was the Dow went up based on feel good words from the EUB last week.
Well this article explains the confidence even better, after you read the below make sure you invest in Eurozone businesses with all you have. No, really, you can trust the Brokers on Wall Street to protect your interests, trust them, trust the Federal Reserve too!!!!
THE STORY>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
LONDON (AP) - The number of people unemployed across the 17 countries that use the euro hit a record high in June, official figures showed Tuesday, in a stark reminder that Europe's debt crisis has ramifications beyond the financial markets.
Eurostat, the EU's statistics office, said 17.801 million people were out of work in the eurozone in June. That was 123,000 more than May, and is the highest level since the euro was formed in 1999. The increase was the 14th in a row and means that around 2.25 million people have lost their jobs since April 2011.
Despite the increase, the seasonally adjusted unemployment rate in June was unchanged at a record 11.2 percent. Without Germany's relatively-low unemployment rate of 5.4 percent, the wider figures would be much worse.
Even then, the eurozone unemployment is nearly three percentage points higher than the U.S.'s equivalent 8.2 percent. Europe's unemployment rate for May had originally been estimated at 11.1 percent.
"Another horrible set of labor market data for the eurozone, which bodes ill for consumer spending and growth prospects," said Howard Archer, chief European economist at IHS Global Insight.
The figures will add to the pressure on policymakers to get a grip of the debt crisis, which has hit investor confidence in the eurozone, forced five countries to seek external aid and pushed companies to cut their staff numbers.
Well this article explains the confidence even better, after you read the below make sure you invest in Eurozone businesses with all you have. No, really, you can trust the Brokers on Wall Street to protect your interests, trust them, trust the Federal Reserve too!!!!
THE STORY>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
LONDON (AP) - The number of people unemployed across the 17 countries that use the euro hit a record high in June, official figures showed Tuesday, in a stark reminder that Europe's debt crisis has ramifications beyond the financial markets.
Eurostat, the EU's statistics office, said 17.801 million people were out of work in the eurozone in June. That was 123,000 more than May, and is the highest level since the euro was formed in 1999. The increase was the 14th in a row and means that around 2.25 million people have lost their jobs since April 2011.
Despite the increase, the seasonally adjusted unemployment rate in June was unchanged at a record 11.2 percent. Without Germany's relatively-low unemployment rate of 5.4 percent, the wider figures would be much worse.
Even then, the eurozone unemployment is nearly three percentage points higher than the U.S.'s equivalent 8.2 percent. Europe's unemployment rate for May had originally been estimated at 11.1 percent.
"Another horrible set of labor market data for the eurozone, which bodes ill for consumer spending and growth prospects," said Howard Archer, chief European economist at IHS Global Insight.
The figures will add to the pressure on policymakers to get a grip of the debt crisis, which has hit investor confidence in the eurozone, forced five countries to seek external aid and pushed companies to cut their staff numbers.
Comments
But obama said he made jobs and we didn't spend to much and everything was fine under his watch. As long as the food stamps hold and people can sit on their butts we have[xx(][V] nothing to worry about Right
Wow... I wasn't aware that Obama was president of any eurozone country.
Trust the unthinking sheep to turn anything into an anti-Obama issue.
"Man, it was rainy and cloudy today. It sucked."
"Uh, uh, well, uh, Obama said he created job and everything was fine! What a liar! Duhhh!"
As far as the stock market going up, it's people bargain hunting. Buy low, sell high. It wouldn't make too much sense to buy high and sell low... which, unfortunately, is what most people tend to do. Just take a look at the number of folks who got into investing in gold and silver when the prices were at record highs.