Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Euro debt crisis watch »
The EU, IMF and ECB relief measures has helped calm fears, but worries remain abundant. The crisis seems to have been “downgraded” from a full-blown global crisis to a more local European crisis. Pressure on the financial system in Euroland remains. Banks in Southern Europe are still having a hard time and the FRA/OIS spreads [...]
Trade Gap Widens in the U.K. on Rapid Rise in Imports »
After the economic recession affected the British economy severely since its start in 2008 causing company’s overseas sales to tumble, thereby resulting in a huge trade deficit, the trade gap widened in March despite recovery in global demand as the rebound in exports was offset by the rise in imports.
In February the trade gap narrowed [...]
European Markets Snap 3-Day Loss- Euro Strengthens »
4/29/2010 05:30 am: EUR/$..1.3236 $/JPY..93.96 GBP/$..1.5220 $/CHF..1.0835 AUD/$..0.9264 $/CAD..1.0058
European Markets Snap 3-Day Loss- Euro Strengthens
Asia Pacific markets were mostly weaker across the board with Japan’s Nekkei 225 closed for holiday. US equities rebounded yesterday from the losses sustained on news of downgrades in sovereign credit ratings around Europe. Modest gains came on the heels of [...]
Options on Halliburton get messy »
HAL – Halliburton Co. – Making sense of options activity on oil company, Halliburton Co., this afternoon is difficult due to the chaotic and seemingly pattern-less trading taking place on the stock. Investors exchanged more than 200,000 contracts on HAL by 3:00 pm (ET), which represents approximately 37% of total existing open interest on the [...]
CE currencies rebound as pressure on Greece eases »
Headlines
Currencies: CE currencies rebound as pressure on Greece eases
Czech Republic
The Czech koruna firmed slightly as pressure on Greece (and Portugal) eased finally yesterday. The mildly positive price action for the koruna was primarily a result of foreign events, rather than the fact that the Czech MinFin upgraded its forecast for the growth of the Czech [...]
NZD underperformed, falling from 0.7200 to 0.7100 »
News and views
Risk markets partly rebounded after a barely changed stance by the Federal Reserve last night. US rates would remain low for an “extended period”, and there was no mention of asset sales, but the assessment of the labour market improved slightly. Even earlier, though, sentiment towards Europe had stabilised, investors seen buying the [...]
Euro debt crisis watch »
Southern European debt markets have entered panic mode. The purpose of this monitor is to watch developments in local and global financial markets to keep track of the contagion from the crisis. So far, local contagion to the other PIIGS (Portugal, Ireland, Italy, Greece, Spain) is evident, global contagion is limited.
There are evident signs that [...]
A Clear Warning Sign: Global Liquidity Is Drying Up! »
In last week’s Money and Markets column I told you the majority of my indicators are signaling that the stock market has probably entered the last phase of its medium-term uptrend, which began in March 2009.
I went over price-to-earnings ratios (based on twelve-months trailing GAAP earnings) and dividend yields. Both metrics are showing a heavily [...]
EUR hammered on contagion fears »
On Tuesday, at first it looked as if EUR/USD traders would again experience a rather calm trading session. The single currency lost some ground off from the Asian highs. At the start of European trading, there was again a lot of market talk on the risk of contagion as spreads of countries like Portugal and [...]
The superpower’s labor market continuous deterioration may be slightly easing but remains nowadays major obstruction… »
The present recovery path is gaining momentum gradually throughout most of the economic activities and conditions of the world’s superpower, as what was already attested throughout the last Fed’s Beige Book and yesterday’s FOMC Rate Decision, having manufacturing, services and housing conditions expanding recently across the country along with better than-forecasted first-quarter results posted these [...]