Instability looms as currencies slide

Economic instability looms as major currencies seem to be racing each other to the bottom of the pile. This is the flavour of the markets at the moment. All topped of with a sprinkling of light sweet crude oil.

Rising energy costs are also throwing a huge spanner in the works. The IEA report World Energy Outlook believes there will be a staggering 59% increase in demand by 2030.

It says this requires investment of about $592 billion each year until then, or a total of $16 trillion.

Aljazeera.net