Equity markets continued their trek higher last week as encouraging economic data is a key driver of price action now that Euro zone woes have finally taken a backseat. In light of the positive fundamental improvements on the home front, this week is looking to be fairly uneventful in terms of major data releases aside from home sales figures. News from international markets also appear to be sparse in the coming days, which makes the trading week all the more unpredictable; will bullish momentum finally cool off or is any pullback a buying opportunity?
Last week saw equities continue their surge, as the Dow made a case to hold well above the 13,000 level and the S&P was able to cross the 1,400 benchmark. While a number of investors are cheering on the rally, the rapid rise has many worried that some kind of pullback is overdue and that [...]
Markets broadly climbed higher last week amidst ongoing uncertainty stemming from the Euro zone, although this week should offer investors more concrete insights on just how the Greek bailout negotiations are moving along. Wall Street is taking the day off today in observance of Presidents Day. With no major economic data releases due out this week on the home [...]
Euphoria was quick to evaporate from the markets last week as investors fretted over ongoing uncertainty in the Euro zone. Selling pressures prevailed across equity markets as lawmakers have yet to outline a comprehensive plan of action for restoring stability to the debt burdened currency bloc. Gold futures tanked as investors took profits in the [...]
Equity markets started off yesterday on a weak note as Standard & Poor’s warning of a possible downgrade for all Euro zone member nations weighed down on investors’ confidence. Performance at home was mixed, with the Dow Jones Industrial Average gaining 0.43% on the day, while the Nasdaq shed 0.23%. In the currency markets, the [...]
Domestic equity indexes snapped out of their loosing streak last week as investor confidence in the markets improved after a robust start to the holiday shopping season. The bulls charged through Wall Street on Wednesday after a global central bank initiative to lower the cost of dollar funding through swap arrangements sent a wave of [...]
WisdomTree, the issuer behind a number of popular international debt ETFs, followed through today on the previously announced conversion of its Dreyfus New Zealand Dollar Fund (previously traded under the ticker BNZ) to the Australian & New Zealand Debt Fund (AUNZ). The revised fund will continue to be actively managed, with the investment objective changing [...]
So far, this year has been tough for markets around the globe. Since the downgrade of U.S. credit quality in August, equity markets have become plagued with rampant volatility, discouraging capital inflows and prompting many investors to pull out of the markets entirely. Just when the debt-ceiling drama at home came to an end, euro [...]
Investing in developed markets has been an extremely tough task as of late thanks to sluggish growth and debt woes in a variety of countries. In light of this, perceived ‘safe haven’ countries saw a great deal of inflows in this environment, leading to huge gains for markets such as Switzerland and other highly-rated nations. Yet, with [...]
Domestic equity indexes climbed higher day after day last week, posting a very green performance as investors showed some (temporary) relief over the debt drama in Greece. In the bigger scheme of things however, there have been no real concrete measures undertaken by the ECB to fully restore confidence back in European financial markets; for [...]
Domestic equities were shaky last week to say the least, managing to rally on Thursday and immediately sell-off on Friday following a very dismal employment report. Gold emerged as the strongest asset class, while crude oil futures fluctuated wildly much like equity markets across the globe. Earnings season officially starts this week and we are [...]
