World Markets React Wednesday To Shutdown

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

The U.S. government shutdown had an impact on world markets causing concerns the country’s fragile economic condition could be severely impacted by a prolonged closure.

Stock markets in Britain, Germany and France all fell in Wednesday’s trading. U.S. markets fell as well with the Dow Jones Industrial Average falling 0.6% and the S&P 500 falling 0.8%.

Investors are paying lip service to the U.S. shutdown but have expressed more serious concerns the shutdown will result in a delay of raising the U.S. debt ceiling that would have impact on the world markets.

The dollar also continued to fall across the world. The dollar took a hit from 98.62 yen to the dollar before the shutdown to a current level of 97.74. The dollar also fell further against all other Asian currencies.

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