Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Indian stocks close down 0.71 percent (AFP) »
MUMBAI (AFP) –
Indian stocks fell 0.71 percent on Monday, their third straight day of losses, on growing concerns that the central bank could raise interest rates soon to tackle rising inflation, dealers said.
The 30-share benchmark Sensex ended the day 118.63 points lower at 16,601.2.
Rate-sensitive auto, property and metal stocks fell as overseas funds [...]
London stock market winds down for Christmas (AFP) »
and New Year festivities.
ended the week Friday at 5,196.81 points, a drop of 1.23 percent compared with a week earlier.
of the year with many investors taking an early Christmas break this weekend and not returning until the new year and so we may be simply trading through the motions and range bound until [...]
Dollar Down on Fed Frustrating Statement »
Thedollar declined versus anumber ofcurrencies today after theFederal Reserve signaled interest rates will remain low foralonger period, declining attractiveness fortheU.S. currency inforeign exchange markets.
After 2 weeks rallying versus most ofthecurrencies, thedollar cooled down today after a
statement reiterating theposition ofleaving borrowing costs atarecord low foranundefined period, affecting negatively speculations that rate hikes could follow
[...]
Swedish Krona Down on U.S. Optimism »
TheSwedish krona has been losing terrain versus thedollar astheU.S. economy signals ofrecovery has been leaving space forspeculations regarding interest rate hikes, declining attractiveness fortheSwedish currency.
Thekrona has been suffering from another blow this time coming from North America astheappeal forless tradeable currencies declined, affecting theSwedish currency which already faced problems this semester asNordic loans intheBaltic [...]
Dollar Down Slightly on Temporary Risk Appetite »
After several days gaining versus most ofthe16 main traded currencies, thedollar dropped since risk appetite provided strength forcurrencies togain versus thegreenback, erasing partially gains earned onprevious sessions.
TheU.S. dollar had its rally halted today asoptimism surged regarding theDubai financial situation, asits brother Emirate, Abu Dhabi, started abail out process essential foravoiding chaos infinancial markets world [...]
Pound Down on Weaker than EU Outlook »
Thepound started theweek down versus theeuro andtheU.S. dollar assentiment towards other wealthy nations intheworld remain more positive than theU.K.’s economic perspectives, forcing investors toabandon pound priced assets toinject capital inmore attractive currencies backed byfast recovering nations.
After aMoody’s report featuring world’s wealthiest nations inwhich theU.K. was rated as”resilient” against better rating ofits European neighbors, France [...]
Crude Oil Tumbles Pushing Canadian Dollar Down »
TheCanadian dollar is extremely linked tothecrude oil andequities markets performance, andafter aday ofrising risk aversion, theloonie declined asappeal forcommodities andstocks dropped.
high versus theU.S. dollar this week asrisk appetite surged inthebeginning oftheweek, theCanadian currency witnessed adeclined asstocks pared gains anddemand forcommodities declined, halting theloonie’s rally anderasing its previous weekly gains partially.
USD/CAD traded at1.0507 asof22:10 [...]
Wall St ends down on recovery jitters »
NEW YORK (Reuters) – Stocks fell on Tuesday after disappointing corporate news from 3M Co and McDonald’s, while negative developments in global credit markets caused a shift to safe-haven assets.
Equities faced pressure from a stronger U.S. dollar after Dubai’s unresolved debt problems and Fitch Ratings’ downgrade of Greece’s bond rating dented risk appetite.
U.S. [...]
Citizens lay down law on U.S. debt »
NEW YORK (CNNMoney.com) — When it comes to managing the country’s purse strings, Washington gets a failing grade from several groups of citizens and experts across the country.
Those groups, part of the Concord Coalition’s Fiscal Stewardship Project, went to Capitol Hill on Monday to deliver a report to their lawmakers detailing their suggestions for [...]