In a normal market, the wide disparity between the Dow Jones Industrial Average and technicals would be screaming an ugly message, but these are not normal times. That’s because the massive amount of headline risk-market moves driven by the constant churn of big news events-is at a…
Continue reading...Oil Heading for Biggest Quarterly Drop Since 2008
Crude oil fell in New York, heading for the biggest quarterly drop since 2008, on concern that Europe’s debt crisis will linger and on rising U.S. stockpiles. Futures dropped 3.8 percent as German Chancellor Angela Merkel signaled policy makers may review Greece’s second bailout afte…
Continue reading...Asian stocks gain on hopes for eurozone plan
Asian shares rose on Tuesday on hopes that eurozone officials will act to corral Greece’s debt woes and prevent another full-blown banking crisis, but the euro failed to hold on to all its gains. After three sessions of wild swings on commodities markets, oil and copper rose, but g…
Continue reading...Gold eyes biggest 3-day fall in 28 years, investors flee
By Amanda Cooper LONDON (Reuters) – Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone. Euro…
Continue reading...Stock mkt to stay volatile this week
Equities are expected to stay volatile because of turbulent global markets and the expiry of derivative contracts for September this week, say experts. Besides, the depreciating rupee has added to investor woes, especially those who have parked funds in imports-linked sectors. “We…
Continue reading...Stocks See Worst Week Since October 2008 – Wall Street
NEW YORK (Reuters) – Stocks ended higher on Friday, stopping the bleeding after a disastrous four days of selling marred by severe anxiety over Europe’s spiraling debt crisis and the Fed’s dire warning about the U.S. economy. Based on the latest available data, the Dow …
Continue reading...Everonn Education hits roof on Varkey’s open offer
Everonn Education is frozen at the 5% upper circuit at Rs 424 after Varkey Group (Acquirer) made an open offer to acquire 4.48 million equity shares representing 20% equity capital of the company at the price of Rs 528 per share. “The offer is being made by the Acquirer as a result…
Continue reading...World Stocks, Commodities Drop on Fed Outlook
Stocks and commodities tumbled, Treasury 30-year yields dropped to a record and the Dollar Index climbed to a seven-month high as the Federal Reserve signaled “significant downside risks” in the U.S. economy. The MSCI All-Country World Index retreated 2.5 percent at 6:15 a.m. in New …
Continue reading...‘Very Unusual’ Fed action fails to boost animal spirits: Dow drops 285
The Fed’s latest moves to bring down long-term interest rates will be “marginally helpful,” predicts former Fed Governor Mark Olson, now co-chair of Treliant Risk Advisors, a compliance and strategic advisory firm specializing in the financial services industry. “T…
Continue reading...Economy enters ‘dangerous phase’
The global economy has entered a “dangerous new phase” of sharply lower growth, according to the International Monetary Fund (IMF). The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession. The IMF says t…
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