Rethink, Redesign, Rebuild

After reversing a 4 day losing streak, European stocks may once again edge lower on Wednesday, sparked by China fears and weakness in Asia.

American market were trading red after new guidelines being issued to the banking and financial institutes. Hong Kong was all trading in red from last 4-5 trading session, Japan was trading in negative territory following the global clues and news of JAL filing for bankruptcy pulled down the sentiments. Indian markets were also not an exception with the indexes falling nearly 6% from 20th January.

Big news to the global economy is that the top business leaders and politicians from around the world are coming to the Swiss mountain resort Davos for a five-day forum (World Economic Forum) , which kicks starts off from today.

The official theme of this year's Davos is "Rethink, Redesign, Rebuild". Debate on how best to reform the global financial system is set to be the dominating agenda in the event - the 40th of its kind. Bankers and regulators are expected to clash on where to draw the line when it comes to financial reform.

Most Asian stocks traded in the red near two-month lows on Wednesday, hurt by lower commodity prices and lackluster cues from Wall Street overnight amid concerns about the pace of economic recovery. Investors looked forward to the conclusion of a two-day policy meeting by the U.S Federal Reserve, for clues on the health of the world's largest economy.

On Wall Street, stocks declined by modest margins on Tuesday, unable to hold onto their earlier gains despite some positive news on consumer confidence. The day's optimism was overshadowed by concerns regarding prospective policies to be presented by President Barack Obama in his State of the Union address on Wednesday


Information source: rttnews.com