US and Europe Witness Sluggish Recovery
After the Easter break, the traders and investors had been thinking positive for the markets. But on Tuesday, the markets of the world agitated openly against the reports of the US.
Today, the UK's FTSE 100 and Germany's Dax closed at 1% loss and France's Cac 40 index also witnessed a loss of 1.5%. Italian shares also performed poorly as they plunged by 3%. A report released by the Organisation for Economic Co-operation and Development (OECD) has further baffled the traders, as in the report it has been claimed that in the coming time, “potential turning point in economic activity in the euro area and regained momentum in other major economies” mainly in the US and Japan would be witnessed.
However, in the report positive results have also been highlighted. The report highlights that in the coming time, there would be improvement in the economies of the US and Europe. However, market analysts are of the view that the recovery of the economy would be sluggish. As the economy of the US and Europe are facing tight financial situation, the investors are maintaining calm and waiting for the right moment to invest. But today’s performance of the world market is a result of the US’s poor employment report.
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