Bullish momentum propelled stocks higher last week, although the French credit downgrade drama on Friday was enough to rekindle Euro zone woes and spark a broad-based sell-off before the weekend. Standard & Poor’s credit downgrade of France and Austria sparked volatile trading to start the week across European and Asian markets; investors on Wall Street will have to wait until tomorrow to readjust their portfolios as U.S. equity and bond markets are closed today in observance of Martin Luther King Jr. Day.
Equities inched higher throughout the week, bolstered by positive economic data release on the home front coupled with encouraging developments in the debt burdened Euro zone. Euphoria spread throughout Wall Street as investors digested better-than-expected consumer credit data along with optimistic forward looking commentary released by the Fed in the latest Beige Book report. Investors [...]
Equity markets hit the ground running last week as investors came back from the holiday weekend with a fairly optimistic outlook for 2012. U.S. stocks started off the year with a solid rally as investors’ confidence was bolstered by multiple better-than-expected economic data reports; consistent improvements in the housing market coupled with a downtick in [...]
This past week was a rough one for equities, as euro fears overshadowed global data to send stocks into a tailspin. It seems that after taking the weekend to mull over the euro debt deal, investors were less than impressed with the final outcome. The smoking gun probably came from the U.K. refusing to participate, [...]
Last week shaped out to be yet another range-bound trading frenzy, dominated by fear induced selling in the early part of the week, and ending with a modest rally on Friday as investors cheered on the developments at the summit in Brussels. Gold drifted lower towards $1,700 an ounce amidst the uncertain backdrop. The precious [...]
Equity indexes all over the world turned for the worst as Italian debt woes stole the headlines and sparked a massive sell-off across virtually every corner of the market. Investors dumped stocks as yields on 10-Year Italian bonds soared over 7%, leading to widespread fear that EU leaders are not well prepared to deal with [...]
Since the downgrade of U.S. credit quality in August, investors have turned their attention to the debt drama taking place overseas. Several Euro zone member nations have fallen victim to mounting government deficits, which has inevitably contributed to investor worries over the health of the financially fragile currency bloc. Economic growth has also been lackluster [...]
Financial markets saw a whirlwind of activity last week as Euro zone debt woes swayed investor sentiment from euphoric to fearful. Equity markets came under serious selling pressures after news of a Greek referendum reignited default fears. Confidence in the currency bloc quickly returned however as the Greeks rescinded their referendum and bullish investors were [...]
Stocks finished in bright green territory last week as investor worries over the Euro zone subsided, while corporate earnings at home gave the bulls a reason to come back to Wall Street. France and Germany pledged their full support to the debt-stricken currency block and promised a concrete plan to ensure stability by November. Gold [...]
Tuesday was a roller coaster of a day for the markets as investor sentiment fluctuated from fearful to optimistic, and everything in between, during the course of the trading day. Domestic equity indexes started the day in a hole thanks to ongoing worries about the health of the European banking sector spilling over onto Wall [...]
European events continue to dominate the headlines as the debt crisis plaguing PIIGS countries such as Greece and Portugal remains the main worry for market participants. Although these highly indebted nations have managed to avoid a credit event, many are growing increasingly worried that a contagion is right around the corner, threatening to bring down a number of euro [...]
