Simon Grose-Hodge, head of Investment Advisory, South Asia at LGT Bank Singapore, says a diversification into non-IT plays makes for a stronger Nasdaq Composite.» Read More
Once passed, the bill will be signed into law and then presented to the Euro Zone meeting on Friday night. There is likely to be a constitutional challenge to the agreement, but this will not impede the flow of money to Greece.
The US stock market could be in for another rough day as investors grew nervous over uncertainty in the European debt crisis.
U.S. markets will more likely heed the words of European Central Bank President Jean-Claude Trichet than Fed head Ben Bernanke Thursday.
The U.S. economic recovery "will be hampered" by the continuing European debt crisis, chief economist John Silva of Wells Fargo told CNBC Wednesday.
Stocks ended lower Wednesday, led by energy and industrials, after Moody's put Portugal's debt rating on review.
This is is the probably the toughest week of the year for active traders. Why? We've seen a huge increase in volatility and volume but it’s been around events so big (Greece, Spain, future of the euro) that traders have no idea — or strong opinion — on how it will play out.
Manufacturing and retail are perking up, according to the ADP jobs report for April, especially the former, which has been characterized as a “shining light.”
Stocks pared their losses on Wednesday after a weak open, but the market remained skittish after Moody's put Portugal's debt rating on review. Dan Denbow, co-portfolio manager of USAA Precious Metals & Minerals Fund and Jim Meyer, chief investment officer and co-founder of Tower Bridge Advisors shared their insights.
The acceleration of the European debt crisis was as good a reason as any for a stock market selloff that analysts say was long overdue anyway.
Stocks remained lower in mid-afternoon Wednesday, led by energy and industrials, after the Dow briefly popped into positive territory. Markets remained skittish after Moody's put Portugal's debt rating on review.
The U.S. markets rallied early on, as Europe came off its lows. But traders also noted that mid-morning, Dominic Wilson, Director of Global Macro & Markets Research for Goldman Sachs, made positive comments on the markets. Mr. Wilson is a respected commentator with a following on trading desks. Here's what he said.
Stocks opened lower on Wednesday, following a selloff in the prior session, as Moody's put Portugal's debt rating on review. Barry James, president of James Advantage Funds, and Neil Hennessy, portfolio manager and chief investment officer at Hennessy Funds, shared their insights.
The European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it, said hedge fund manager Dennis Gartman.
The CBOE volatility index (VIX), widely considered the best gauge of fear in the market, spiked more than 20 percent on Tuesday to top 25, it’s highest level in almost two months. What does the level imply for the markets and what should investors expect going forward? Mark Arbeter, chief technical strategist at Standard & Poor’s shared their insights.
Last Friday, I stated that the vote this week on Friday in Germany was analogous to what occurred in the US Congress leading up to the TARP vote. The uncertainty would drive down the Euro and raise questions over the viability of the union. Now, we’re seeing another aspect arise: attempting to scare the German politicians into voting yes.
Moody's out again with the "may downgrade Portugal" line; Portugal down 1.7 percent, Spain down 2.4 percent, Greece down 4.9 percent. We have the British parliamentary elections on Thursday, as well as German regional elections over the weekend, which will be viewed as a referendum on Merkel's party and support for a Greek bailout. What's it all mean..?
Stocks continued to slide Wednesday, after a selloff in the prior session, as Moody's put Portugal's debt rating on review.
U.S. stock index futures edged above fair value ahead of the open Wednesday in the wake of a sharp selloff in the previous session as investors looked to the latest reading on employment.
There was a bacchanalia of downside activity in exchange-traded funds yesterday as bears took charge of the market.
Prudential shareholders may grudgingly acknowledge that the pursuit of exciting new opportunities in Asia is the right long term strategy. But in the short term they need convincing the big price tag for AIA and the delayed rights issue are the correct way of achieving that.