Major indexes traded sideways on upbeat second quarter growth data and soft corporate earnings. The dollar continued to strengthen and shorter-term Treasury yields rose on speculations that the Fed would lift rates by year-end. Gold traded close to a 5-1/2-year low and oil declined. Consumer spending bolsters U.S. second-quarter growth U.S. economic growth accelerated in
Today Bids for safe-haven assets picked up on worries that Greece is edging toward debt default and pushed the dollar and Treasuries higher, while stocks retreated. Oil slipped on profit-booking and gold declined. Nasdaq, SP500 and Dow positive in the YTD in USD, Most of all the Indexes in EU are positive except SPAIN and in
Stocks ended lower on investor anxiety over a recent run-up in global bond yields. Treasuries were slightly higher after a strong auction. The euro advanced against the dollar as a spike in German Bund yields generated demand for the common currency. Gold traded up, while oil soared after OPEC raised its world oil demand growth
La preocupación desde Grecia y el desaceleramiento en China ha empujado los indices hacia abajo. Además la caÃda del petroleo les ha pesado a las acciones de energÃa. El USD subió contra el EUR por tercer dÃa consecutivo. El Oro bajó, donde estoy buscando un lugar de entrada para aumentar el corto. En el SPX
Strong results from tech giants pushed the Nasdaq and the S&P to record highs. Weak business spending data pushed Treasuries higher and the dollar lower. Gold fell as strength in global equities diverted interest from the precious metal. Yemen worries buoyed Brent while U.S. oil fell on supply concerns.
Over the weekend, People’s Bank of China cut banks’ reserve ratio requirement. This aggressive move reflects serious concern on the part of the Chinese government about the slowing economy. It is not news to investors that these days stocks often jump on intervention by central banks on worries about weak economy. Chinese action has stopped