Markets kicked off the session on shaky footing as non-manufacturing ISM data just barely missed analyst expectations; this figure came in at 54.2, falling short of the forecasted 54.5 as well as the previous reading of 55.1. Regardless, major equity indexes managed to climb into green territory and end on a surprisingly positive note ahead of election day at home. In addition to the key political development this week in the United States, investors will also digest a number of important central bank rate decisions from around the globe [see 101 ETF Lessons Every Financial Advisor Should Learn].
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After enduring a sour finish to a shortened trading week, investors’ stress level has only climbed higher over the weekend in anticipation of the major events that are slated to take place this week. At home, all eyes are on Obama and Romney ahead of voting, with many anticipating a volatile reaction on Wall Street [...]
Trading was cut short on Wall Street last week after the destructive path of Hurricane Sandy battered the East Coast and forced the New York Stock Exchange to close on Monday and Tuesday. While trading volumes were understandably low, investors welcomed a slew of positive economic reports, which put some much-needed momentum back into the markets. In the United States, [...]
Major equity indexes kicked off the week on a positive note as encouraging economic data on the homefront bolstered investors’ confidence. Buying pressures emerged at the open bell as ISM data topped analyst expectations; this month’s figure came in at 51.5 versus the previous reading of 49.7, marking a healthy increase in domestic manufacturing activity. Worse-than-expected [...]
Stock markets around the globe kicked off the week on a sour note as resurfacing worries over European debt drama paved the way into red territory. Profit-taking pressures were quick to emerge after Germany’s Bundesbank expressed concerns over the recently proposed European Central Bank initiative to buy back government bonds. Aside from FOMC minutes on Wednesday [...]
Equity markets extended gains from Friday’s massive rally to start off the week on a positive note. Optimism from the eurozone spilled over onto Wall Street as investors reacted bullishly after German Chancellor Merkel pledged her support to the European Central Bank’s government bond-purchasing program. The S&P 500 Index appears poised to retest the 1,425 level this [...]
Better-than-expected payrolls data brought back the bulls to end yet another choppy week on a high note. With no major economic data releases due out this week on the home front, investors will surely refocus their sights on European headlines. After investors were let down last week following the ECB’s failure to introduce new initiatives [...]
As the economies of the Europe, the United States and Japan have struggled to overcome a variety of challenges in recent years, investors have come to question the conventional wisdom that developed markets offer greater stability than their emerging counterparts. As supposedly advanced economies have sputtered, many have tilted their portfolios away from North America [...]
Stock markets around the globe are off to a dismal start to the week as debt drama in Europe has managed to spill all over. Resurfacing, and intensifying, worries over the financial health of Spain, Italy, and Greece over the weekend sparked a massive sell-off overseas; authorities in Spain and Italy were even prompted to impose a [...]
Despite persistent threats from Europe and a continuing string of sour economic data releases on the homefront, the bulls demonstrated their resilience this past week as major equity indexes finished in green territory. Investors at home digested Ben Bernanke’s testimony to Congress, during which the Chairman emphasized looming risks but was also reluctant to offer [...]
Stocks ended on a positive note last week although Friday’s rally wasn’t enough to mask the looming uncertainties still plaguing virtually every corner of the global market. Asian markets remain wobbly on concerns over the Chinese economic recovery, while in Europe bond yields remain elevated as investors await for lawmakers to implement the Spanish rescue package. At [...]
