Third Day Of Downfall - 10.10.2012

Global markets keep correcting on Tuesday due to concerns about the Global economy slow down and anticipations of week results on US corporate reports. According to trading session conclusions, American stock indices lost around 1%, registering the third day of downfall while EUR/USD prices broke through the short term support at 1.29 lowering to levels of early October. Investors are concerned about probable supply disruption, in case the Syrian conflict influences material production in North Iraq negatively. Season of reports from American companies was launched yesterday with Alcoa results that exceeded expectations of the market: the key indicator for earnings per (EPS) share made 3 cents vs. 0 cents consensus-forecast.

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