Lowest stock prices since the summer of 2013 – OBI Online

The global MSCI World Index plunged 3.4 percent, a decline that was in addition to 11.1 percent decline since January.

The level is thus the same as in June 2013. If no progress turns , being January one of the worst months in the index’s history.

Red numbers marked Wednesday exchanges over large parts of the world and in Europe fell several of the major indexes over 3 percent.

– I’m pretty pessimistic when it comes to stock markets over the next two to three months, says Andreas Clenow company ACIES Asset Management.

bear out of the den
Last time MSCI World fell as much as it has done so far in January, was in the midst of the financial crisis in October 2008.

Clenow do not think the world’s stock traders are faced with an equally gloomy scenario now. But he notes that we will soon have to do with a “bear market” – which is often defined as a fall of over 20 percent.

Bear market was already a fact a period Wednesday, when the MSCI World found themselves 20, 5 percent below the peak in May last year. After a while, crawled index upward, and bear strolled into the den again.

More and lower oil prices
world exchanges dragged down by the rapidly falling oil prices, and Wednesday was American light crude for delivery in February fell to $ 26.19 a barrel.

When the oil price went slightly up again, followed by stock prices. The broad S & amp; P 500 ended with a fall of 1.17 percent to 1,859.33 points. Earlier in the day the index dropped 2.24 percent to its lowest level since February 2014.

In Europe, the stock falls steeper. The German index DAX 30 fell 3.2 percent, while the benchmark index had its worst day so far this year with a decline of 4.7 percent.

Late Night had price for Brent oil fell 3.4 percent to $ 27.7 a barrel. In addition to the drop in oil prices, the economic turmoil in China and other major developing countries to push global markets down. (© NTB)