Stock exchange news, oil. Rise of oil price and Greek debt crisis pose a serious threat to the growth of global economy and financial markets, according to the report of HSBC Holdings Plc., largest European bank on market capitalization, as stated by Bloomberg.
"When Greece matters have eased at least for some time, investors have quickly found a new source of anxiety – rise of oil price," said HSBC Chief Economist Stephen King.
"If the tendency remains, weak economic recovery in countries with advanced economy may fail, and inflation will return," he stated.
People investing in risky assets are supposed to “insure themselves” by buying stocks of energetic companies, and foreign investors are supposed to prefer currencies of oil producing companies, such as Norway, Malaysia, Brazil, and Russia.
In their turn, analysts notice mid-term situation at the market:
ТО 104.83 – 4-я/В of upper timeframe
5th/А is over
Short potentially reversal Аn4/Down:
- 2 NK
- pivot 105.54 – cancelled В of Hound
- correctional network 110.57-85.82
- Zone MF 104.83-110.57
1) Reversal А n4 (see 5th ЕМА will move below 55th at n4) + FZR = change of MID-term
2) down А/В, as new ТО, new а(С) /С wave when 110.57 is passed, MID-term bullish trend continues
