Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.U.S. Treasury debt prices jumped on government data indicating U.S. economic growth was slowing and the dollar was down, while gold had its first losing day after a […]
Markets ended its choppy session in the red yesterday as fluctuations in the value of the U.S. dollar weighed on investor sentiment. Benchmarks witnessed their third lowest trading volume this year on Monday. Meanwhile, weaker dollar boosted oil prices on Monday, which in turn had a negative impact on the transportation stocks. Moreover, decline in biotech stocks dragged down the […]
Investing.com – Investing.com — Stocks on U.S. equities markets fell slightly amid a weakening dollar, as late losses on Monday afternoon erased previous gains in morning trading.The Dow Jones Industrial Average dropped 11.61 points or 0.06% to 18,116.04, while the NASDAQ Composite index retreated from near record highs at the end of trading last week. The S&P 500 also fell […]
Dear Reader,I still expect US stock markets to fall 20% in 2015 from the current levels measured by the main indices. US tech stocks and biotech stocks are in a bubble and should fall more than 30% from the current levels. Eurozone stocks should fall 20% from the current levels.US treasuries should sell off in 2015. The 10 year yield […]
The Budapest Stock Exchange restored limited trading rights in the derivatives section for Quaestor Securities. The brokerage may only close positions, the bourse said. On Tuesday, the BSE suspended Quaestor’s trading rights after the National Bank of Hungary partially suspended the brokerage’s licence. Later in the day, the central bank and financial market watchdog put an oversight commissioner in charge […]
Annual health tech fests like the JPMorgan Health Care Conference, Biotech Showcase, and One Med Forum came and went this year in San Francisco. The star performers in this sector no doubt have a lot to brag about. They will also have a lot of explaining to do when the biotech and health care sectors eventually crash.The NASDAQ Biotechnology Index […]
Eurozone backs Greek reforms, enabling €172bn rescue extensionPublished time: February 24, 2015 09:43Edited time: February 24, 2015 15:03Get short URLReuters / Yves HermanTagsFinance, MarketsGreece’s eurozone creditors have approved the reform plan it put forward, which paves the way for the country’s €172 billion bailout to be extended until June.“National procedures for extension of the Greek programme can begin,” EU Euro […]
Read Full Article ››TAGGED:Stock Market, James Kostohryz
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