In the last session all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in green. Dow was up by 1.09% and closed at 12504; S&P 500 was gained by 1.60% at 1316. European indices ended mixed. FTSE was down by 0.64%, DAX was gained by 0.95% & […]
Market Review May 22 2012 Read More »
This week’s main US economic data release will be durable goods orders for April on May 24. The report will shed light on the extent of the auto rebound in the US — and whether it has sustained itself going into Q2. Economic activity surrounding cars was the saving grace for Q1 GDP, responsible for
Economic Data To Watch For The Week Read More »
Greece’s woes may continue to weigh on metal prices but, slight improvement in investor sentiments post G-8 has provided the “Euro” currency to gain 0.12 percent early morning and may continue in today’s session. The Dollar index has also weakened 0.11 percent on Friday after gaining consecutively for the last 13 days may continue to
Greece Woes Weigh On Gold And Silver Read More »
While there are significant forms of data risk in European economies this week, the prime market risk will continue to be represented by Greek worries. To that effect, following this weekend’s G8 meeting at Camp David, expect the risk of more detailed thoughts on how Germany and might stimulate growth agendas in Greece and perhaps
Market Review May 21 2012 Read More »
A Little Of This And A Little Of That From Financial Markets Around The Globe Commodities and equities took a breather and were seen recuperating from the recent slump though persistent worries over euro zone debt crisis and political uncertainty in Greece made investors remain guarded. Rebound in euro from a four month low levels
A Little Of This And A Little Of That Read More »
Asian markets are down on mounting uncertainty among Spanish banks and political havoc in Greece. Additionally, unfavorable economic data from the US also led to rise in risk aversion in the global markets. Moody’s Investors Service downgraded debt ratings of 16 Spanish banks mentioning a recession and increasing loan losses. Fitch Ratings cut Greece’s credit
Market Review May 18 2012 Read More »
After four consecutive sessions of battering, Gold futures prices nudge higher at the early Globex by over half a percent amid optimism of the Fed minutes that intimated a several members support for additional monetary easing should the economic recovery lost momentum. Despite the Japan GDP number exceeded the estimates, shares are not showing any
Notes On The Asian Session Read More »
International gold prices have lost almost all their gains this year, trailing even weaker stock markets, but experts say the precious metal is poised to bounce back in the medium to long term even if it loses more lustre in the short term. Global prices of the metal had plunged to $1,547.99 per ounce, the lowest in
Gold On The International Markets Read More »
Following a positive start, U.S. stocks closed in the red for a fourth straight session on Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece’s political situation. The Dow Jones industrial average fell 33 points, 0.3%, finishing at the lowest level since mid-January. The S&P 500 dropped 6 points, or 0.4%,
Market Review May 17 2012 Read More »
Markets traded with a negative bias again, with equities falling, the USD rallying, and commodities selling off. Bonds were fairly flat after yesterday’s rally. The Greek political parties have failed to form a coalition government and it seems as though another election may well be in the offing, with June 17th being bandied about as
Market Review May 16 2012 Read More »
