Markets ended in negative territory for second-consecutive day as intensified concern about Greece’s debt negotiations continued to hurt investor sentiment. Moreover, China’s disappointing trade data also had a negative impact on benchmarks on Monday. However, rise in oil prices limited some of the day’s losses.For a look at the issues currently facing the markets, make sure to read today’s Ahead […]
Benchmarks eroded initial gains to end in the red as another decline in oil prices offset the positive impact of Apple’s record earnings results and the Fed’s encouraging view on economy and labor market. After concluding its two-day meeting on Wednesday, the Federal Open Market Committee (FOMC) provided a positive picture regarding economic growth and labor market, and also maintained […]
Markets ended its choppy session in the green as continuing positive impact from the European Central Bank’s monetary stimulus announcement offset concerns following Syriza’s win in Greece. Moreover, a rally in homebuilder stocks sparked by strong earnings results from DR Horton boosted benchmarks on Monday. Meanwhile, encouraging comments from OPEC’s secretary-general helped energy sectors to register solid gains.For a look […]
Benchmarks ended Tuesday’s choppy trading session in the green led by gains from technology shares. Investors also remained focused on ECB’s meeting scheduled for Thursday. ECB is expected to unveil a bond-buying program in order to boost Eurozone’s economy. Investors also kept an eye on fourth-quarter earnings results of major companies including Halliburton, Baker Hughes, Johnson & Johnson, Morgan Stanley […]
Benchmarks ended a five-day losing streak on Friday after energy shares recovered following a rally in oil prices. Oil prices registered their first weekly gain in last eight weeks on Friday. Meanwhile, investors remained focused on mixed economic data and corporate earnings. Investors also assessed Swiss National Bank’s surprise decision to do away with its long-standing decision of fixing the […]
Dear Reader,Did the US stock market correction(I forecast a fall of more than 20%) start this week? It is possible. I expect a fall of circa 30% for the major indices in 2015 or 2016 at the latest. Tech and biotech stocks should decline more than 30%. Energy and metals and mining stocks should also post large losses. Financials seem […]
Benchmarks ended in negative territory for the fifth-straight session on Thursday following the Swiss National Bank’s surprise move to drop its long-standing exchange rate of the Swiss franc against euro. Moreover, disappointing earnings results from Bank of America and Citigroup, and dismal economic data weighed on markets. Also, another decline in oil prices dragged down energy shares on Thursday. The […]
Originally published January 16, 2015 at 5:53 AM | Page modified January 16, 2015 at 4:46 PMNEW YORK —
A surge in oil and gas companies pulled the stock market out of a five-day slump on Friday, as the price of crude swung higher.Oil prices jumped after the International Energy Agency predicted drillers would cut production this year. Exxon Mobil, Chevron […]
…that growth is slowing, the credit cycle could have already peaked and risk appetites are waning.Over the summer I attended a conference which featured Steen Jakobsen as one of the speakers. The one thing he said that really stuck with me is that long-term bond yields lead the economy by about 9 months. If that is true, economists are going to […]
Benchmarks ended in negative territory for the third-straight session on Tuesday erasing solid initial gains as another slump in oil prices weighed on energy shares. In the opening hours, markets were boosted by Alcoa’s encouraging earnings results and possibility of implementation of monetary stimulus in the Eurozone. The Dow declined around 400 points from its day’s high yesterday, witnessing its […]
