August is over, yippee!
FNArena has added another video to its Investors Education section on the website. In this video, ATW's Jerry Simmons suggests the rally in US equities might find the going tougher as strong technical resistance is looming.
By Greg PeelThe Dow rose 53 points or 0.5% while the S&P gained 0.5% to 1218 and the Nasdaq added 0.2%.
The ISM-Chicago purchasing managers index fell from 58.5 to 56.5 in August - the lowest levels since November 2009. The new orders sub component recorded modest weakness. US ADP private sector employment rose by 91,000 jobs in August.
U.S. stocks advanced Wednesday, pushing the Dow Jones Industrial Average back into positive territory for 2011 and capping a four-day winning streak that closed a volatile August.
By Kathleen Brooks, Research Director UK EMEA, FOREX.comThe ECB has been the most hawkish of the major central banks so far this year, but maybe not for much longer.
Australia is one of the top favorable investment hubs recommended by leading global bond fund manager Pacific Investment Management Company (Pimco) on Wednesday.
Bernanke, speaking in Jackson Hole, Wyoming, said the central bank's policy panel would meet for two days in September instead of the scheduled one-day meeting to discuss any more stimulus.
Even though there was a small improvement in building approvals in July, it wasn't convincing.
The Dow closed up 20 points or 0.2% while the S&P rose 0.2% to 1212 and the Nasdaq gained 0.
The US Conference Board reported that its consumer confidence index hit a 2-year low of 44.5 in August, down from 59.2 in July. The S&P/Case-Shiller home price index measure of 20 metropolitan cities eased by 0.1pct in seasonally adjusted terms in June. In unadjusted terms, prices were up 1.1pct.
- A downgrade of French debt would be extremely detrimental to global sentiment- A new French budget is due next month- Economists fear the government is too optimisticBy Greg Peel2011's version of the 2010 euro-debt sell-off began in April as Greece once again hit the spotlight, followed rathe...
U.S. stocks rose Tuesday as talk of the Federal Reserve implementing yet another round of quantitative easing helped push the market higher for a third straight session.
By Greg PeelBuyers may have been eager to pile in back in March when spot uranium fell below US$50/lb in the initial Fukushima plunge, but having drifted to under that level once more on general nuclear energy uncertainty, there was no sign of such interest emerging last week.
The Australian sharemarket is gaining for the second straight day. The vast majority of sectors are trading higher, with the financials index up over 1 pct at lunch.
By Greg PeelThe Dow rose 254 points or 2.3% while the S&P gained 2.8% to 1210 and the Nasdaq added 3.3%.
US consumer spending rose by 0.8pct in July - marking the fastest pace in five months. The pickup in spending was supported by strong demand for motor vehicles as Japan related supply restraints faded. When adjusted for inflation spending was up 0.5pct, the largest increase in 18 months.
U.S. stocks rallied Monday in some of the thinnest trading of the summer, highlighted by gains for insurers amid relief over Hurricane Irene's relatively light touch on major cities. U.S. stocks rallied Monday in some of the thinnest trading of the summer, highlighted by gains for insurers amid relief over Hurricane Irene's relatively light touch on major cities.
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationCountry Risk - Where the political and economic stability of the host country is questionable, and abrupt changes in the business environment could adversely affect profits or the value o...
US Federal Reserve chairman Ben Bernanke didn´t unveil fresh stimulus measures in a speech delivered on Friday but said that the central bank was ready to use additional tools to boost growth. The September policy meeting has been extended to two days to consider new measures.
U.S. stocks closed higher in whipsawed trading Friday as investors applauded Federal Reserve Chairman Ben Bernanke's stern remarks about the struggling economy and his decision to leave the door open for additional accommodative measures.
(This story was originally written and published on Wednesday, 24th August, 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).
Amid all the talk and dire headlines about the decision by BlueScope Steel to close two plants and sack 1,000 people this week, there's been very little examination of just what's happening to steel demand.
By Greg PeelThe Dow fell 170 points or 1.5% while the S&P dropped 1.5% to 1159 and the Nasdaq lost 2.0%.
U.S. stocks dropped Thursday after three days of sharp gains as Warren Buffett's $5 billion investment in Bank of America failed to stoke investors' appetite for risk ahead of Federal Reserve Chairman Ben Bernanke's speech Friday.
It shouldn't have been all that unexpected that the guidance for the current 2012 financial year from giant retailer Woolworths would not be up to its previous high levels of sales and profit growth.
Tonight we get an update on the strength of the US economy and a much awaited speech from Fed chairman, Ben Bernanke which some in the market reckon will reveal a new move to stimulate the slowing economy.
Increasing numbers of our clients are asking us to work with them to implement a global approach to recruitment, assessment and selection.
BHP Billiton has the right amount in its coffers to aim for another acquisition, CEO Marius Kloppers announced in a briefing in London.
- Talk is that the Fed will announce QE3 at Jackson Hole 2011- The Fed did not announce QE2 at Jackson Hole 2010- No formal policy announcement is expected on FridayBy Greg PeelIt was at this time last year at the Fed's Jackson Hole retreat, we have oft been reminded recently, that Ben Bernanke...
