Philip Chua Business Blog

Posts Tagged ‘action’

Uneventful markets record modest changes. US equities were unchanged (S&P500) until late into a choppy NY session, the last hour seeing sellers push the index to a -0.4% close. There was little economic data from the US to influence price action, M&A activity (Campbell Soup eyeing UK's United Biscuits, China's

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MSCI world stock index gained some ground. The CRB commodity index continued to advance, but

Moody's Corp discloses that its credit rating unit could face action for allegedly misleading regulators in a 2007 application to remain a nationally recognized rating agency.


Moody - Credit rating - Business - Financial services - Allegedly Unethical Firms

On Thursday, the ECB Council is holding its regular monthly meeting. We do not expect any policy action. The ECB outlined its basic intentions for phasing out extraordinary policy measures at the March meeting, so there is not likely to be much news in that respect. Given the significant improvement…

Dell said that several of its former employees had been told they may face some sort of action by financial regulators related to a long-running inquiry of the company’s accounting.

Consolidation to corrective price action dominated most of GBP’s activities the past week pushing it a higher close at 1.5697. This is coming on the back of its decline off its 2009 high at 1.7041. While that continues to be seen, we expect its resistance zone between the 1.5830 and…