Market Reviews

NYSE ended in positive territory on Tuesday after markets initially pulled back on the first day of Federal Reserve chairman Ben Bernanke’s testimony to Congress but then recovered after he spoke about slow progress in the US economy and job market. Bernanke testifies the House Financial Services committee later in the global day today, 18 […]

Wall Street traded lower as the S&P 500 and NASDAQ both posted negative returns. The catalyst was that US retail sales came in negative for a third consecutive month in June, implying that Q2 2012 GDP could be meaningfully impaired – and that Chairman Bernanke may sound rather dovish when he appears on Capitol Hill

U.S. stocks ended mixed for the week, reversing losses on the final day of the week, as rally in JPMorgan Chase & Co. and speculation China shall boost stimulus measures tempered concerns about earnings and the global economy. JPMorgan jumped for the week as Chief Executive Officer Jamie Dimon said that the bank will probably

Markets are adding risk back into their portfolio on relief that China’s economic data releases were not as bad as the whisper but also on the hope that they were bad enough to increase both monetary and fiscal stimulus. Moody’s downgrade of Italy from A3 to Baa2, outlook negative, has had limited market impact. In

Concerns about a slowing global economy prompted investors to seek safety on Thursday, driving the dollar and yen sharply higher and the euro to a two-year low against the U.S. currency. South Korea’s surprise rate cut on Thursday, following Brazil’s 50 basis point rate cut on Wednesday evening, as well as an unexpected drop in

Asia stock benchmarks fell Thursday, as hopes of fresh stimulus efforts from the U.S. diminished, and investors remained cautious ahead of key growth data from China on Friday on head of BOJ decision. On the economic front, there are no major data releases domestically and, from Germany whole sale inventory data which is expect to

U.S. stocks closed lower on Tuesday as worries about corporate earnings falling short of expectations unnerved investors. Disappointing expectations from Cummins (CMI, Fortune 500) also dragged on markets, as the engine maker’s stock fell 9% after it slashed its sales forecast for the year. The Dow Jones industrial average slid 83 points, or 0.7%, the

All major Asian equities are trading slightly lower today, after Chinese trade data shows exports as strong but imports surprisingly weak for the day; the weakness could continue in the Asian markets. The euro is trading at 1.2289 down by 0.20%, On the economic front today, we have the UK Industrial Production and Manufacturing Production

Christine Lagarde, MD of the International Monetary Fund is visiting Japan, said European leaders “have to implement, implement, implement” necessary reforms to reassure financial markets although it takes time. She also told a press conference that the Japanese yen has remained “moderately overvalued.” The comments came despite the agreement last week by European Union leaders