Category Archives: Markets

Markets

Euro Euphoria : Stocks Surge on Latest Bailout Plans, Proposals and Rumors

Posted on by

Stocks rose on the first Monday renewed hope for another solution to the crisis of sovereign debt in Europe.
Following the huge benefits to Europe’s most important stock exchanges, the Dow was recently up-more than 300 points while the S & P 500 rose by 3.2%. The euro rallied sharply against the dollar, putting upward pressure on raw materials such as gold and oil and other so-called risk assets, while Treasury prices fell.
In addition to a good start to the U.S. holiday shopping season, several factors have contributed to the initial euphoria, including:

Voices, which has since denied a bailout from the IMF for Italy.
New guidelines to be discussed at a meeting of finance ministers later this week, allowing the Fund to ensure financial stability by up to 30% of the struggling nations of debt offerings.
Continue reading →

How the Dow Jones industrial average and other stock indexes fared on Wednesday

Posted on by

How the major stock indexes fared on Wednesday

Fear that Europe’s debt crisis is infecting Germany, the strongest economy in the region, sent stocks reeling Wednesday.
The Dow Jones industrial average dropped 236 points, leaving it down 4.6 percent over the past three days. The Standard & Poor’s 500 index fell for the sixth day in a row, its worst losing streak since August.

Continue reading →

Ultimate Market Recap: Groupon Crashes Below IPO Price, Deere and TiVo Earnings

Posted on by

MarketGadget
Wednesday Morning’s Top Stories
As Greece faces dire times, the Bank of Greece said today that the country is in “the most critical period” in its post-war history and it may be driven out of the euro zone. It added that Greece needs to focus all of its energies on meeting its October agreement targets and if it doesn’t, the nation could see “an uncontrolled downward trajectory that would undermine many of the achievements that have been attained in recent decades, drive the country out of the euro area and set Greece’s economy, standard of living, society and international standing back many decades.”
Don’t Miss: Netflix Trades Give Whitney Tilson Whiplash.

HSBC’s preliminary China manufacturing survey dropped to a 32-month low in November, signaling a contraction. The Purchasing Managers Index hit 48 on a 100-point scale, declining from October’s expansionary 51. Forecasts had estimated a 50.1 result, just high enough from the 50 level to make it an expansion versus a contraction, according to CNBC.
Continue reading →

Labor unrest taking shine off Colombia’s oil boom

Posted on by

MarketGadget
PUERTO GAITAN, Colombia (Reuters) – Protesting oil workers have yet to buy into Colombia’s grand vision for its oil industry, staging strikes that have shut the country’s largest oil field and threatening further unrest.
The government says oil can help lift Colombia out of poverty but workers complain of depressed wages and of police and army complicity in thwarting attempts to organize unions.

“They think we’re just a bunch of Indians,” said Carlos Rodriguez, an activist in Union Sindical Obrera (NYSEArca:USO), which has led protests at Campo Rubiales, a partnership between Canada’s Pacific Rubiales (Toronto:PRE.TO)(PRU.CN) and Colombian state oil company Ecopetrol (ECO.CN)(NYSE:EC).

“We proudly have indigenous ancestry but we’re not a bunch of bare-asses with sandals and arrows like when the Spanish arrived. We’re civilized.”
Continue reading →

Futures drop on Italy, the eurozone to worry

Posted on by

MarketGadget – Decline in futures Italy, the eurozone to worry

Stock indices fell Monday as the political crisis in Italy has sparked the crisis, regardless of the debt in the euro area could consume the region’s third largest economy.
Italian reference bond yields reached their highest level since 1997, reaching levels seen as unsustainable, before a crisis on public finances vote in parliament Tuesday.
Italian Prime Minister Silvio Berlusconi has one day left to win the undecided members of parliament and stop a group of rebels threaten to topple his government in a game on its failure to adopt reforms to defuse a debt crisis.
Continue reading →

Futures drop on Greek referendum, Asian growth

Posted on by

MarketGadget – Stock indexes fell on Tuesday an agreement to save Greece and avoid a serious crisis of sovereign debt face a new obstacle and how the Asian economic data reignited fears of a slowdown in global growth.

Greek Prime Minister George Papandreou said that the agreement will save Greece through a referendum, throwing the long-awaited agreement in chaos and sending European stocks down 3.5 percent. Bank stocks in the region fell by 6 percent.

U.S. bank shares were required to follow the European lenders lower. The SPDR Select Sector Financial fell 2.3 percent in the light of pre-market trading.
Continue reading →

U.S. stocks reverse losses, finishing in Choppy Session

Posted on by

MarketGadget – U.S. stocks high-end market for the session irregular DJIA 10 messages right to change directions

- The euro zone debt worries push indexes lower in early trading, promises to push stocks higher at the end

- Mid-Atlantic manufacturing index shows unexpected increase

NEW YORK – U.S. stocks rose Thursday, zigzagging from loss of income throughout the session, after a series of conflicting reports on the European sovereign debt.

Continue reading →

Europe stocks fall, the result, debt crisis in focus

Posted on by

MarketGadget – Europe stocks fall, the result, debt crisis in focus ,Actelion, Schneider Electric post steep losses

European stock markets fell Thursday, pressure from concerns that the Heads of State and Government of the Euro-zone have no significant progress in hammering a business was to fight the debt crisis.

The pan-European Stoxx 600 Index XX: SXXP -0.50% to 0.5% to 235.7 in late morning trade, paring knife some of its earlier losses.

Continuing to focus on negotiations between the Government of the European Union, as the debt crisis to solve before a summit in Brussels on Sunday.

Continue reading →

U.S. stock futures point higher careful

Posted on by

MarketGadget – U.S. stock futures point higher careful EBay slips disappointed because earnings forecast

U.S. stock index futures pointed to a slightly higher start for Wall Street on Thursday, investors digested an apparent nervous eyes Franco-German rift over the efforts of the Euro-zone debt crisis and address an ongoing stream of corporate profits.

The futures rose on the Dow Jones Industrial Average +0.43% DJ1Z by 40 points to 11 484. S & P 500 index futures gained +0.48% SP1Z 5.1 points to 1,211.70, while Nasdaq 100 futures +0.29% ND1Z slightly to 2326 by 8 points.

Greek protesters clash with police
Demonstrations turn violent in Athens, AS protesters throw stones and fire bombs the police before the Greek Parliament. Tens of thousands demonstrate against a vote on new austerity measures.

Continue reading →