Posts Tagged ‘Europe’
US Housing Weakness Accelerates
U.S. Dollar Trading (USD) had a volatile trading day with USD strength on the back of risk aversion in Europe reversed as US housing data weakened further. July Existing Home Sales fell 27% as the effect of the removal of the housing credit continues to be felt. In US stocks,
Forex Exchange Morning Report
A slightly fi rmer tone to an uneventful evening. US equities staged a tentative recovery during Europe on continued decent US company earnings, but were dented upon the release of sub-consensus US homebuilder confi dence data. A second advance a few hours later sees the S&P500 currently up 0.5%. There
Forex Exchange Morning Report
A firm 'risk on' day with even a larger-than-expected fall in US ISM nonmanufacturing unable to stem the equity rally. Good demand for Spain's fi rst syndicated government bond offering (€6bn of 10yr bonds) since February gave equities a boost leading to a 2.5%+ rally in Europe. Despite ISM nonmanufacturing
Europe, jobs could weigh on stocks this week
U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.

Business - United States - Investing - Stocks and Bonds - Equities
Yogi Berra on the Bank of Canada
Yogi Berra is perhaps best known for his quote "it ain't over till it's over", and given rampant uncertainty about the outcome of the Bank of Canada's coming rate decision, that comment rings true today. With violent market swings occurring daily, Europe's fate still uncertain, and an important Canadian GDP
STI recoups part of Tuesday’s loss
THE Straits Times Index (STI) gained 45.41 points to 2,696.02 yesterday, thanks largely to Wall Street's avoidance of a total blowout on Tuesday and hopes that Western markets might stabilise during their Wednesday sessions - hopes that were lifted when Europe opened in the black late in the afternoon here.
Brokers, however, were unsure of how lasting the local bounce will prove, given the market'... more



