Crisis Briefing - 13-Oct-08

Premium Analysis

IMF warns of “systemic meltdown”, as Singapore sinks. Financial markets are in for another very volatile week, as G7 and G20 finance leaders have failed to deliver a concrete coordinated response to the global financial system that is “on the brink of systemic meltdown”, according to IMF chief, Dominique Strauss-Kahn. Australia (up 1%) and New Zealand (up 5%) stock markets were trading in positive territory at time of writing, following full government guarantees of bank deposits. But the focus will be on Asian Stock Market responses to Singapore Government data showing it is the first Asian country to enter a technical recession. Japan and the US are on public holiday, while European markets will be a bellwether of sentiment to the latest attempts by governments to breath some hope into financial markets.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 599 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.