US Binary Option SitesUK Binary Option Sites

FTSE 100 Takes a Battering

FTSE100Yesterday was a very volatile day for Binary Options traders with massive volatility being reported on all stock markets all over the world, in fact in the UK yesterday over £46billion was wiped off the value of a large range of companies share prices.

This resulted in the FTSE 100 ending the day at a fifteen month low having dropped by 2.83 percent. This battering of worldwide stock markets saw many stock investors selling off shares at an alarming rate as fears grew that the economic recovery seen in many countries of the world may not be as strong as was originally thought.

There was of course several factors that caused this massive knock on effect of investors selling off their shares one of which was retail sales and manufacturing figures in the US showing a large drop and with many investors worried about growth in Asia and with the ever present danger of Ebola in European countries this became something of a perfect storm for the stock markets becoming rather toxic.

The Greek markets also took a hammering with the long term outlook in Greece not looking in any way shape or form healthy and this is likely to mean that Europe as a whole is not likely to see a return to their usual high growth figures for quite some time, as more bail out money may be needed to stave off financial disaster in Greece, and possibly other European member states.

The only country that has been reporting some larger than excepted growth figures recently has been the UK and whilst the jobless figures announced yesterday did show an overall drop of some 6% during June and August, this has not been as high as was hoped more so considering those months of the year are when many jobs are offered in the UK travel and holiday industries.

This roller coaster ride for all worldwide stock markets is likely to be with us for quite some time, however many commentators are speculating many markets may slowly recover yesterdays lost ground as the reaction to the not so great news from many countries may have caused something of a panic reaction from traders.

However, if you are a Binary Options trader or Forex broker then there are going to be lots of money making opportunities in the coming days and weeks, with markets and currencies bouncing all over the place!