Tuesday, May 23, 2006

World stock markets still nervous


Global markets remained volatile in Tuesday trading, with European exchanges bouncing back from recent falls, but Asian stocks staying lower.
After Monday's lowest close in five months, the UK's FTSE 100 opened 61 points higher at 5,593, with Germany's Dax and France's Cac also rising.

But with continuing concern about interest rate rises in the US, analysts say all global markets remain nervous.

Stocks have also fallen on fears that markets had recently become overheated.

According to this view, the recent declines are simply market corrections, as shares fall to more realistic levels after hitting recent near-record highs.

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