Especially after major economies had dipped deeply into contraction phases with expectations that those levels will extend to hammer this year growth levels.
Yesterday US indices closed on red, Dow Jones industrial average fell 1.21% or 79.89 points closing at 6547.05 levels, S&P500 lost 1.05 closing at 676.53 levels and the major index NASDAQ composite falling almost 2% closing at 1268.64 levels.
Worldâ€™s indices faced huge losses in the prior year, yet it managed to spillover this to year, where the US major indices known by Dow Jones industrial Average, S&P 500 index and NASDAQ had reached almost more than 20% of losses since 1st of January 2009.
Investors are holding tightly on their continuous concerns, believing that the worst is not over yet in particular when more gloomy fundamentals are still coming out on the surface along with various comments made by officials and influencer people on markets such as Buffet.
Todayâ€™ calendar holds various fundamentals from Germany and the Royal Lands, the start was German Consumer Prices, Trade Balance and Current Account all clearing to some weaknesses in the economy.
The German Consumer Prices held steady at the current levels, yet rising in February for the first time since seven months, especially after crude prices had fallen deeply from the unprecedented levels seen in the prior year, to currently trade below $50 per barrel.
However, this was not the main issue behind this fall, which was called by Trichet disinflation in various occasions, the falling household income along with the tremendous job terminations taking place had pushed consumers to ease down their spending levels as they anticipate the worse.
Projections based on Trichet's last speech clears out that consumer prices will be heading into negative levels temporarily as the world demand stalls badly, needing some radical changes along to restoring back the long lost confidence in order pick up and start growing once again.
In another report, the German balance of trade and the current account surplus retreated noticeably to 8.5 billion and 4.2 billion respectively as exports had fallen deeply to -4.4% in January from the revised previous fall of -4.0%.
Falling exports and stalling sector from the weakened demand would be the main reason behind Germanyâ€™s growth contraction this year, so no recovery recession is the main highlight of the past year and it would be this yearâ€™s title.
Also on our agenda, we have the United Kingdom industrial and manufacturing production, according to market projections more retraction in those levels would be seen later today as demand had stalled resulted to weakening the levels of production in this sector in specific.
Economies are tumbling with all those weak fundamentals and indices live through more contractionsâ€¦