“First Prime Group” Tokyo Comment on Post-Rejection Outlook

(National PR Wire - October 14, 2008) | Industry and Country : Finance | United Kingdom

First Prime Group – Sustained volatility likely to continue in absence of clear direction.

First Prime Group’s analysts are believed to be expecting dramatic global equity market declines to continue for several days. They cite a general lack of direction from the US government and enduring stresses in credit markets for the lack of confidence.

The broad deterioration in market conditions that began with the bankruptcy of Lehman Brothers two weeks ago has exacerbated negative sentiment in credit markets globally according to an unnamed First Prime Group source.

First Prime Group’s source said that she had every reason to believe that clients had largely heeded advice to seek safe-haven in commodity ETFs and large blue-chip defensive stocks.

First Prime Group are thought to be expecting that some form of modified bill will eventually be passed but, in the meantime, markets would remain unpredictable as investors moved in and out of equities, commodity and treasury markets.

Keywords:: First Prime Group, First Prime, Prime Group, First Group

Name:: Peter Brice

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