Results for 'Stocks'
23 articles with this tag name
Updated May 23, 2013 4:00:00 AM
It’s been a volatile 24 hours for USDJPY, which has traded in a 200 pip range, after trading in a 100 pip range for most of the last week. After rallying on the back of the Bernanke testimony on Wednesday, it has retreated so far today, falling back below 101.50 – its lowest level since mid-May. Key drivers of yen strength so far include: • The fall in purchases of foreign stocks and bonds
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Updated May 3, 2013 9:50:00 AM
• Details: 165k payrolls for April, upward revision to March number from 88k to 138k, total revisions for the last two months top 114k. The unemployment rate drops to 7.5%, the lowest level since the end of 2008. • Sectors that created jobs: professional and business services, leisure and hospitality, retail and healthcare. There was little change in jobs in the construction sector, mining and finance. The government shed 11k jobs last month.
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Updated May 7, 2013 3:00:00 AM
After reaching fresh all-time highs on Monday the Dax has opened with a more cautious tone today, as the market pauses for breath at these dizzy heights. We have been here before with US indices recently breaking record highs, so the European index could just be playing catch up. But the question is where can be go from here? Both the bulls and the bears have fairly strong cases: Bull case: central bank
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Updated May 24, 2013 6:20:00 AM
The first phase of Abenomics, which started at the end of 2012, involved stimulating the economy and expanding the monetary base to JPY 270 trillion, resulting in a sharp drop in the JPY and a large boost for the Nikkei. However, the events of the last few days have caused this relationship to break down. The Nikkei’s large decline on Thursday fuelled a wave of risk aversion, which boosted the yen. This isn’t the way
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Updated May 9, 2013 3:00:00 AM
US stocks continue to extend record highs and the party might not yet be over. Even though the global economic backdrop is shaky, investors are still piling into equities. Even more interestingly, the cyclical, or risky, sectors of the S&P 500 are starting to out-perform the defensive sectors of the market. When this happens it suggests two things: 1, investors are more confident and 2, the markets may see another leg higher. As you
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Updated Jul 6, 2011 7:40:00 AM
Developments late yesterday and this morning point to another flare-up in Europe’s sovereign debt crisis. Firstly, Portugal’s credit rating was downgraded to junk status by Moody’s. This is worrying for Portugal’s banking sector, since the ECB shouldn’t accept junk bonds as collateral for its loans, yet Portuguese banks are addicted to ECB liquidity…. Secondly, Germany has thrown another spanner in the works and is reviving a proposal for private investors to swap their holdings
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Updated May 21, 2013 11:30:00 AM
After rising to its highest level since 2008, the Nikkei traded sideways on Tuesday ahead oif the BOJ meeting tomorrow. The BOJ is not expected to alter policy after its enormous injection of stimulus at the April meeting. This makes BOJ Governor Kuroda’s comments after the meeting at 0730 BST/ 0230 ET, even more important. Traders will be trying to gauge from Kuroda 1, the BOJ’s view on how the economy 2, whether more stimulus
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Updated May 9, 2013 3:50:00 AM
The FTSE 100 reached its highest level since 2007 yesterday, so is there further for this rally to go? The backdrop for stocks is still good: global liquidity remains plentiful and while market and economic conditions are stable the FTSE 100 may continue to move higher. The next major milestone for this index is the all-time highs above 6,950 – the high reached at the end of 1999. One factor that may help the
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Updated Mar 12, 2013 12:00:00 PM
After a 1% gain last week, the dollar has eased back this week, falling into the New York open against its major trading partners. The dollar index is making tough work of 83.00 – a key resistance level. The lethargy of the dollar bulls this week brings up some interesting questions for investors: if the dollar is a growth currency then could dollar weakness be a pre-curser of weakness in stocks and other growth sensitive
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Updated Jan 29, 2013 9:00:00 AM
After such a strong performance in January it was inevitable that the rally in stocks would slow, indeed the SPX 500 had its first down day in eight yesterday. This is perfectly normal in an uptrend, but because it meant that the SPX 500 could not make any headway above the key psychological 1,500 level this question is likely to be a hot topic today. Analysing the future drivers of stocks There are essentially
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