Much of the risk tone facing world markets will be set by the US economy. For the most part this will only happen toward the end of the week not only because US markets are closed for Memorial Day on Monday but also because a series of key reports will be released on Friday that […]
Market Review May 28 2012 Read More »
Equity markets were mixed today, with Asian indices trading lower following the release of a weak Chinese PMI, European markets bouncing back from yesterday’s swoon (despite weak PMI data that showed manufacturing contraction throughout the continent – including Germany), and North American markets essentially flat. Today’s action was focused on currency markets, with the euro
Market Review May 25 2012 Read More »
US markets displayed a notable move to the downside in morning trading on Wednesday due to continued worries about the financial situation in Europe, which came as European leaders held a closely watched summit in Brussels. However, stocks staged a significant recovery over the latter part of the trading day which was attributed to reports
Market Review May 24 2012 Read More »
Concerns over Greece’s exit from the Euro Zone have come to the surface again and this has deteriorated risk appetite among investors. Although the Group of Eight (G8) leaders affirmed Greece’s status in the Euro Zone, former Greek Prime Minister Lucas Papademos id that the country is preparing to leave the 17-nation Euro Zone. Even
Market Review May 23 2012 Read More »
Gold witnessed a mixed movement in yesterday’s trade and eventually closed in the red. Prices on the Comex June contract slipped 0.2 percent to $1588/oz despite dollar weakness and increased risk appetite. Movement in gold on Monday shows that investors remain cautious over prospects of sharp increase in prices in the near-term. With prices closing
Gold And Crude Oil Review Read More »
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 »
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 »
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 »
