Exchanges in Europe, Asia and the US last week rose to new historic highs.
Record low interest rates and more central banks which allows the printing press go by pressing up more money to speed on the economy, driving up stock prices.
Oslo Børs has twice this week reached “all time high”. Stock levels continued Friday.
Since year-end Exchange risen above 12 percent.
The manages a giant “money bag”
Right in stock recovery comes IMF report showing att “money bag” of large investors on exchanges such as hedge funds, pension funds and sovereign wealth funds as the Norwegian Oil Fund, has grown by 40 percent over the last ten years.
These funds are among the major players which helps to drive up prices on world exchanges.
According to the IMF administers the total 76.000 billion dollars (614.000 billion. kr). It is about the size of the world economy measured as the sum of all production (gross domestic product) in all countries of the world.
A large part of the money that funds manager, used to buy and sell securities such as stocks and bonds ( debt securities). In boom times, this helps to drive up stock prices and the prices of other securities.
Warns new global financial crisis
Conversely kapitalforvalternes sales in recession trigger panic in land ends and exacerbate the decline, and in worst trigger new global financial crises that the world experienced in 2008.
It’s the last thing that worries IMF.
Monetary Fund believes the major fund managers therefore should be regulated more strictly as happened with the global big banks after the financial crisis.
Among other IMF recommends introducing stress tests of the funds in the same way as banks are regularly subjected. Such tests should reveal whether banks have sufficient capital to withstand new financial crises and new, large loan losses.
The proposals from the IMF emerges in the biennial Global Financial Stability Report that will be presented before the so-called spring meeting of the IMF and its sister organization the World Bank Washington next week.
United States is once again “locomotive”
The global stock market upswing in recent months has largely been driven by economic recovery and renewed optimism in American business .
The largest asset manager, American Black Rock, administers alone 4700 billion dollars (38.000 billion. kr) – six times more money than the Norwegian Petroleum Fund.
Technology Exchange Nasdaq in New York have this week passed the previous peak which was set in 2000, just before the so-called so-called dotcom bubble burst.
The two other leading stock market index on Wall Street – the Dow Jones index and Standard & amp; Poor’s 500 index – moving at historically high levels.
The Dow Jones index passed 18,000 points for the first time little Christmas Eve last year and the S & amp; P 500 index was above 2000 points for the first time in February to March.
Crisis Affected Europe hangs with
In Europe, the Stoxx 600 Index, which shows the performance of 600 listed companies in 18 western European countries, including Norway, also set a new record this week. Share prices of these companies have risen by almost 20 percent since årsskiftet.I Asia reached Marketplace Philippines new record this week.
Tokyo Stock Exchange reached this week the highest level in 15 years.
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