Sunday, 23rd August 2015Note: News U Wish to Read is a compilation of articles published in the press, in the UAE, India and world around. Its purpose is to keep us informed of important news items which we all wish not to miss. Enjoy reading the below news items and links. More sections will come as it takes shape and […]
The major U.S. stock market indices finally corrected after a 9-month sideways trend. The ‘big’ news this week for stocks was undoubtedly that the four indices all closed below their 200-day moving average, which IS an important breakdown.The key observation on the chart below, is the violation of the steep uptrend (highlighted with the rising green dotted line), which started […]
The Athens stock exchange closed 16 percent lower on Monday after it reopened for the first time in five weeks, according to an unofficial tally.Reuters reported that Greek banking stocks fell 30 percent, hitting the bourse’s daily volatility limit, with sellers lining up and no buyers. Earlier, the sector was being pummeled across the sector, including Alpha Bank, Attica Bank […]
The Greek stock market dived more than 20 percent on Monday immediately after opening, with the Athex Composite down to 615.12. Piraeus Bank and the National Bank of Greece both plunged 30 percent, the daily volatility limit.Banks account for about one-fifth of the main Athens index.However, some limitations for market trading were kept in place. Greek traders are able to […]
The New York Stock Exchange halted trading for 3 1/2 hours because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.The suspension, lasting from 11:32 a.m. to just after 3 p.m. New York time, dropped the largest U.S. share platform out of the network of trading systems […]
Screenshot of the New York Stock Exchange status webpageThis is crazy:
Trading in all symbols was temporarily halted on the New York Stock Exchange floor Wednesday due to an apparent technical issue.
“NYSE/NYSE MKT has temporarily suspended trading in all symbols. Additional information will follow as soon as possible,” the NYSE said in a statement on its status page.
The exchange was investigating […]
After the ECB shut off ELA, prime minister Alexis Tsipras imposed capital controls while blaming the ECB just as I predicted.Of course, that was an easy prediction. Yet, even at the last moment, many did not believe it would come to this.Let’s tune into the Guardian Live Blog for some details.Bank HolidaySpeaking on live TV, Alexis Tsipras is saying that […]
Hopes of Greece and its creditors reaching a deal later this week helped benchmarks end higher on Monday. Greece has submitted new fiscal proposals to avert a default. Separately, the Nasdaq closed at an all-time high lifted by gains in biotech stocks.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street […]
NC Budget and Tax Center, Uncategorized
National Economy, Stock Market Drive Better than Expected Income Tax Collections Not Tax Cuts
Posted by : Alexandra SirotaAlexandra SirotaThursday, June 18, 2015Leave a commentIn NC Budget and Tax Center, Uncategorized
Print This Post
Both House and Senate budget writers did the right thing by putting the $400 million projected surplus this year towards reserves. This […]
More Charts
What does the size of a country’s market tell you about a country’s economy and its standard of living?That’s a question frontier markets strategist Andrew Howell aimed to answer in Citi’s massive new report on global public assets.”Governments should encourage the growth of equity markets, because they tend to be associated with economic development,” Howell wrote. “Whether or not […]
