For all the those who missed out on Thursday, November 26 due to Thanksgiving, here’s a pictorial summary of  some of the things that might have changed in the markets while you were away.

Financial upheaval in Dubai sparked fears of a potential sovereign default by the emirate. Global investors have scrambled to understand the implications of Dubai World’s restructuring and unexpected debt standstill.

Dubai 5-yr CDS — (and by the way we hear the Nakheel sukuk is trading at about 39-44 versus about 70 on Thursday):

DJIA future:

S&P 500 future (Click to enlarge):

Spot gold (click to enlarge):

And Greek 5-year CDS:

The makings of a real “Black Friday”?

Related links:
On the matter of sovereign spreads widening – FT Alphaville
Caveat emptor: Risk factors from the Nakheel prospectus – FT Alphaville

This entry was posted by Izabella Kaminska on Friday, November 27th, 2009 at 8:20 and is filed under Capital markets, Commodities. Tagged with CDS, DJIA, dubai, gold, Greece, s&p 500. Edit this entry.