currencies

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 […]

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%,

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

The Euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few prospects for recovery in sight. USA Car sales that are running at the fastest

Global markets were in double jeopardy this week, with continuing weakening of economic fundamentals worldwide along with steadily falling gains from different asset classes. US markets made another toppled closing this week with sharp sell-off in the banking shares due to a huge trading losses posted by JP Morgan, however sell-offs was partly offset by

Economic Data for today After a mixed day on the eco data front on Thursday, with trade balances from around the globe and unemployment reports, today things quiet back down, the calendar is very thin, except for data from China, which is already coming in with soft results. Today, markets will once again focus of

Economic Data for May 10 2012 The calendar has been thin all week; today kicks off with Australia Unemployment numbers and Chinese Manufacturing and Trade Balance and continues to Japan for current account data and trade balance. In Europe, we will see a lot of data coming from the UK including the Bank of England

Economic Events for May 9, 2012 for the European and US Markets Today’s eco calendar is virtually bear, with only some local and regional released, which will not have any market affects. The main events coming up are begin on the 10th, when things begin to get exciting. We will see lots of data from

Economic Events for May 8, 2012 for the European and US Markets 00:01   GBP   RICS House Price Balance   -10%   -10% The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in

Economic Events for May 7, 2012 for the European and US Markets 01:30   AUD   NAB Business Confidence   3 The National Australia Bank (NAB) Business Confidence Index rates the current level of business conditions in Australia. Changes in business sentiment can be an early signal of future economic activity such as spending, hiring, and investment. The