Jun 20 2006
World Cup Results and Global Stock Markets
With the passion the rest of the world (outside the U.S.) has for world football, it is not a surprise to learn that the results of World Cup games during the once every four year tournament affects the markets in the countries of contending teams.
As for our opinion, we congratulate Deutschland for the 3-0 group of four run, winning out earlier today 3-0 over Ecuador. Since both teams pass to the next round, neither needs to worry about a bad day for their markets — at least for a few days more!
Now, if only Team U.S.A. can manage a win over Ghana!
