Posts Tagged ‘Fears’
This morning CPI data from Switzerland showed mild deflation starting to emerge as all metric came in showing negative price growth. The expectation of .2% YoY price growth was not met as the actual data came in showing - .1%. While one reading does not make a trend, this could be a sign of things to [...]
Quote of the day: “Free advice is worth the price.” ~ Robert Half Good morning. Things are getting uglier for the euro on more sovereign default worries. European and IMF experts return to Athens this week for a fiscal audit in order to decide whether Greece can dodge default. German Ifo Business Climate is the main [...]
The Australian dollar “the Aussie” has been selling off in response to the Euro debt crisis which is no surprise, though the individual fundamentals are not as bad as they seem. The AUD/USD pair is sitting on S2 daily pivot support at a critical level at 1.02.
While the pair is likely to continue to trade on [...]
Quote of the day: “It is nobler to declare oneself wrong than to insist on being right – especially when one is right.” ~ Friedrich Nietzsche Good morning. The euro found temporary support at $1.35 after last week’s large decline on speculation Greece is nearing default. From a technical perspective, a recovery is likely and the [...]
By Jonathan Cheng
U.S. stocks plunged as fears of reactor meltdowns in Japan forced investors to rethink the magnitude of challenges facing the global economic recovery. Investors fled stocks for the safety of Treasurys, all but wiping out the stock market’s yearly gains.
The Dow Jones Industrial Average fell 242.12 points, or 2.04%, to 11613.30 in [...]
By Donna Kardos Yesalavich
NEW YORK—Stocks fell Monday as investors worried that the $112.61 billion Irish bailout wouldn’t be enough to contain the euro-zone debt crisis.
The Dow Jones Industrial Average closed down 39.51 points, or 0.36%, to 11052.49. The measure’s technology components were among its worst performers, with Hewlett-Packard down 60 cents, or 1.4%, to [...]
By Jonathan Cheng
Hello September.
Stocks surged as strong global manufacturing data helped kick off the historically volatile month with a bang, following a bruising August.
Investors dumped Treasurys and snapped up commodities and other riskier assets.
The Dow Jones Industrial Average rose 254.75 points, or 2.5%, to 10269.47, recouping some of August’s 4.3% stumble. The Standard [...]
By Donna Kardos Yesalavich
NEW YORK—U.S. stocks finished in the red for a third straight day as continuing economic fears weighed on the market, overshadowing excitement over a string of acquisitions.
The Dow Jones Industrial Average finished down 39.21 points, or 0.38%, at 10174.41 after a session that saw the measure gain as many as 91 [...]
Key News
Greece and Ireland had much larger budget deficits last year than initially expected, and the Greek data is still unreliable and may be revised further, the European Union’s statistics office said on Thursday.
Greece, now negotiating the terms of a three-year emergency loan package with the European Commission, the European Central Bank and the International [...]
