Asian market continued down this morning after a new dismal session in the US which saw all the major indexes in red. Slowing last month economic results from China adds to market turmoil. The situation inside the EURO-zone is confusing European leaders fighting each other unable to find any agreement on the proposed EURO-bonds. All the major US banks fall yesterday after growing concern that European financial crisis also seriously shall affect US.

Futures for Europe and US are pointing down with stock exchanges trading at their lowest levels since the dip in early October. As long as negative news are dominating there seems to be no way but further market falls in the near and medium term picture.

The Euro is under renewed strong pressure trading at 1.3460 against the USD. Central Bank interventions continue in Japan to avoid a strengthened yen. USD/JPY is 77.045. Gold and silver are up from yesterday’s lows in US and Europe trading at 107 and 32,55. Oil prices are up with NYMEX at 96,45 and Brent 108.