Debt problems plaguing several European countries, is also likely to continue to shake the confidence of the market in the coming months, analysts warn. Reflecting this nervousness persistent assets considered relatively safe in the midst of uncertain times remained at high levels on Wednesday.
The price of gold has increased rapidly in recent months - and especially since the latest bout of nervousness intensified last month - moved around $ 1,756 an ounce.
The yen and Swiss franc, which have also increased significantly, also remained near record highs against the U.S. dollar. By mid-afternoon in Asia, a dollar bought 76.85 yen.
"Since the economy is in recession and many companies remain financially healthy and profitable, policy makers have some success in stabilizing the market after a big sell-off," he told analysts at LGT Capital Management in a note Wednesday.
But he added that it remained to be seen whether the new policy measures that contribute to a steady improvement in economic conditions and market in the coming months. "We believe that uncertainties over the economy and debt issues are likely to persist for a while, and put pressure on markets in the near future," the authors wrote.
The information received from the Federal Open Market Committee met in June suggests that economic growth so far this year has been considerably slower than the committee had expected. The indicators show a deterioration of the general labor market conditions in recent months and the unemployment rate has risen. Household spending has stabilized, investment in nonresidential structures is still weak and the housing sector remains depressed. However, business investment in equipment and software continues to expand.
