Market chaos: Gold and Yen offer investors safe haven
Sunday 21 August 2011
Investors are continuing to pile into safe havens of gold, the Swiss franc and yen as market turmoil persisted on Friday.
The global markets are awaiting next weeks Fed meeting at Jackson Hole in the US in the hope Ben Bernanke, the Federal Reserve chairman, will ease fears of a double-dip recession. So far Europe's leaders have failed to comfort the markets with eurozone policy changes.
*Dow Jones 10,818 down 4.01 per cent on the week
*FTSE 5040.76 down 5 per cent on the week
*DAX 5480 down 8.6 per cent on the week
*CAC40 3017 down 6.13 per cent on the week
*Nikkei 8719.24 down 2.7 percent on week
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- 2 Disney announces new female-led film Moana
- 3 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 Video: Boxer Vido Loncar brutally assaults referee following defeat
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Of course, teenage girls need role models – but not like beauty vlogger Zoella
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Support for EU membership 'at highest level since 1991 with most Brits wanting to stay in'
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