Road to the crisis ?

It seems a heightening juncture might evolve in the near future. If we take a view on asian region, we can find a big downturn, it can be treated as an embarrasment, i ascribe it to the numerous factors which arised after american economy data revealed and the ex-chairman Alan Greenspan made a statement with heady pessimism about outlooks of the asian stock exchange.

Take for instance the Shanghai Stock Exchange, the shares faced with pull back, and fell with 7 percentage, it was the biggest correction over 3 mounth on chinese SE.

Alan Greenspan and his power

Big downturn could arise in the near future on equity markets, namely the overestimated situation on present markets is unambiguously unsustainable – Alan Greenspan warned investors at a conference in Madrid. Due to this statement after the initially rising the most notable bourse indices of the World fell towards to the red range. Sanghai and the Sentsen Stock Exchange had opened with historic-peak, latter it closed day with minus 2 percentage.

Danger

The former chairman of the FED not by chance warned investors about chinese markets: by this time the CSI 300 index has been strengthening with 95,88 percantage, thus it becomes the best performing indice by far the best. There is a speciel interest part of the story. It seems, Greenspan outweights the chairman of the China’s Central Bank, and the reachest people, Li Ka Sing. Although the huge expactations about the correction, now it seems – albeit with lurching - the propensity to purchase is buoyant in the asian bourses.The shanghai composit Index could have posted the second biggest rising of the World with its 130,4 percantage, in this year it has been increased by 53 percantage by this time, meanwhile in the last year the venezuela’s indice fell back to the second position, and now became file closer. The expansion couples with certainly rising if the perils.

Double Jeopardy

Few days before the Securities and Exchange Commission called on the brokers firm of countries: according to the statement the risk of the chinese capital market’s instruments has doubled, this institution liables for the proper informing for the sake of investors.
After the record value 17 200 billion juan came together on the broker account owned by general public the Central Bank has been starting their warning mission for the problem. According to the experts the seething equity market could do with central intervention int he huge country.

Meanwhile Greenspan’s statement caused a selling streak over Chine’s and region’s bourse, spurts the born of its weakness, in Russian numerous factors contributed to the evolving of the correction measurement.

After Russia had refused the extradition of the ex KGB-agent charged with killing in connection with london-spy, thus the political tension were rising further between EU and Russia. The Russian capital market has worsened, because of the decline of the energy sector profits due to the downturn int he raw materials market. It could be a hard hit for the russian bourses.

NEW YORK MERCANTILE EXCHANGE (1882)

The New York Mercantile Exchange (NYMEX) is the world's largest physical commodity futures exchange, located in New York City. Its two principal divisions are the New York Mercantile Exchange and the New York Commodities Exchange (COMEX) which were once independent companies but are now merged. The New York Mercantile Exchange, Inc. is now traded publicly, as its parent company, NYMEX Holdings, Inc. became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX.



The New York Mercantile Exchange handles billions of dollars worth of energy products, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer systems. The prices quoted for transactions on the exchange are the basis for prices that people pay for throughout the world.

Commodity exchanges began in the middle of the 19th century, when businessmen began organizing market forums to make buying and selling of commodities easier. These marketplaces provided a place for buyers and sellers to set the quality, standards, and establish rules of business. By the late 1800s about 1,600 marketplaces had sprung up at ports and railroad stations. In 1872, a group of Manhattan dairy merchants got together and created the Butter and Cheese Exchange of New York. Soon, egg trade became part of the business conducted on the exchange and the name was modified to the Butter, Cheese, and Egg Exchange. In 1882, the name finally changed to the New York Mercantile Exchange when opening trade to dried fruits, canned goods, and poultry. As centralized warehouses were built into principal market centers such as New York and Chicago in the early 20th century, exchanges in smaller cities began to disappear giving more business to the exchanges such as the NYMEX in bigger cities. In 1933, the COMEX was established through the merger of four smaller exchanges; the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange. On August 3, 1994, the NYMEX and COMEX finally merged under the NYMEX. Now, the NYMEX operates in a state of the art trading facility and office building with two trading floors in the World Financial Center in downtown Manhattan.

The commodities are in trading:
- Crued Oil
- Aluminium
- Copper
- Coal
- Electricity
- Gasoline
- Gold
- Heating oil
- Platinum
- Silver eg.