There was a big drop in crude prices during Tuesday’s trading session. Investors decided it was a good idea
for them to go short on the news that Iraq’s exports rebounded and the Saudis are now pumping at near record rates. This allowed oil prices to go lower and lower from the $50.00 mark. US stocks ended up making some notable losses during Tuesday’s trading session. When looking to Europe there were also some big losses. The thing is that stocks in Europe posted a very impressive quarter. What was very important was the German DAX Index posting its best quarter since its 1988 inception. The Japanese Nikkei Index posted quarterly gains, but dropped yesterday as traders decided that it was better for them to take out their profits of the index.
Source: FMTrader’s financial reviews