Overall market sentiment was boosted by the sharp gains in the regional bourses, especially rises in the Japanese market.
Quotes about bourses (5 Quotes)
Markets in Europe moved down after a turnaround in the U. S. markets. The good news was that the Bank of England cut interest rates at the same time other European bourses and the Bank of Japan joined in,
I think the focus in the U.S. is on economic data coming out -- things like U.S. import prices. You find a weak dollar will translate into higher import prices, ... In corporate news, Cisco's numbers could have a positive impact, it was helping some of the European tech stocks early ... but European bourses have pulled back a bit.
The declines were largely due to lack of confidence. Worries over weak corporate governance, brokers' scandals and an equity oversupply weighed on the bourses.
The stock market is heavily into overbought territory and a correction at this stage would be good for the overall health of the bourses. A correction at this level will give long-term investors to consolidate their gains before taking up fresh positions in the days ahead. Retail investors should adopt a cautious approach in the days ahead.