{"id":6378,"date":"2012-10-18T16:13:37","date_gmt":"2012-10-18T20:13:37","guid":{"rendered":"http:\/\/www.pgm-blog.com\/?p=6378"},"modified":"2012-10-18T16:13:37","modified_gmt":"2012-10-18T20:13:37","slug":"market-update-10","status":"publish","type":"post","link":"https:\/\/www.pgmcapital.com\/nl\/market-update-10\/","title":{"rendered":"Market Update"},"content":{"rendered":"

\"\"Interesting day and as expected the markets closed in the red towards the end. The European markets are still somewhat in a positive mindset that something magical will happen at the EU summit and therefor the markets were up, but Europe will get a reality check fairly soon.<\/p>\n

The big story today was Google and the accidental release of the earnings numbers, which sent the Google shares down nearly -10%<\/span> on intraday. Then Google shares got halted for nearly two hours and at market close ended at -8.01%<\/span>.<\/p>\n

Ofcourse Google’s glitch had a big impact on all major Nasdaq players and the Nasdaq closed at 3072.87 (-1.01%<\/span>).<\/p>\n

The Euro and Precious metals were down on a stronger US Dollar, but we might see a precious metals rebound quite soon.<\/p>\n

Tomorrow we might get a market dominated by the results of the EU summit, but if anything significant was to be said, expect that to be announced tomorrow after market close.<\/p>\n

Here are a couple of interesting articles:<\/p>\n