Posts Tagged ‘last friday’
Q2 earnings soar as economy recovers
Momentum trading likely to continue
US stocks ready for pause ahead of new quarter
THE Dow Jones Industrial index saw its bull run of eight straight days of gains interrupted last Friday, and investors should not be surprised if traders hit the pause button on the rally a few days longer.
The coming week may just contain enough unsettling developments from Washington, DC and Europe in a week otherwise devoid of market-moving numbers.
‘A pause this week won’t surprise or distress… more
That new HSBC loan: too clever by half?
That new HSBC loan: too clever by half?
Why not give customers the money outright?
By SIOW LI SEN
LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.
Eventuall… more
IMM Positioning – Speculative Investors Are Accumulating CAD Longs
Speculative investors re-entered the USD shorts that were unwound prior to the publication of US non-farm payrolls. This has been a profitable strategy, as the dollar came under renewed pressure in the week to 6 October. Coinciding with the correction higher in US yields last Friday, however, the dollar has…
Investors look to the corporate heavyweights
WALL Street celebrated a sobering anniversary last week by building solidly on a strong rally as the third quarter earnings season got underway with a bang.
Last Friday marked the day two years ago that the stock market hit its all-time high, when the Dow Jones Industrials closed at a best ever 14,164.53 on Oct 9, 2007.
Despite a better than 50 per cent rally now in its seventh month since stocks … more



