The Week in Review for the week ending July 13, 2012 Continued disappointing global economic news led major stock indices downwards for the majority of last week. However, China’s weak second-quarter economic growth report led to speculation over upcoming government stimulus measures and equity markets rose strongly Friday. Moody’s Investor Service downgraded Italy’s credit rating […]
Market Summary – July 6, 2012
July 12, 2012 · Posted by ·
The Week in Review for the week ending July 6, 2012 Last week, the European Central Bank and the People’s Bank of China cut interest rates amid widespread weakening global economic data. China’s central bank also joined the Bank of England in injecting more money into their respective economies. Markets initially responded favorably to the […]
Market Summary – June 15, 2012
June 27, 2012 · Posted by ·
Week Ending June 15, 2012 Despite the election of a pro-austerity government in Sunday’s Greek elections, which led to a very brief relief rally Monday, investors realized that nothing fundamental had changed in the eurozone debt crisis. Spain’s weak economy and its failing banking sector regained the spotlight. Investors abandoned Spanish sovereign debt, pushing the […]
Market Summary – April 20, 2012
April 25, 2012 · Posted by ·
In up and down trading last week stocks ended the week with overall gains as a flood of corporate earnings reports provided a wide range of first-quarter results and projected profits. Data pointed to an easing in the pace of US economic activity while reports from the eurozone indicated somewhat brighter prospects. Compared with those of recent weeks, economic […]
Market Summary – April 13, 2012
April 25, 2012 · Posted by ·
A volatile week began with a delayed response to the prior Friday’s monthly US jobs report, which indicated a growth of only 120,000 jobs. Stock prices fell sharply Tuesday on renewed concerns about European debt but rebounded strongly Thursday as investors heard two senior US Federal Reserve Board officials make a strong case for maintaining extended low interest […]
Market Summary – April 5, 2012
April 13, 2012 · Posted by ·
Global stocks were sharply lower in Easter-shortened trading as fresh concerns arose about the health of eurozone economies. A disappointing auction of Spanish debt and the release of worrisome regional indicators, including gauges of manufacturing and retail sales reigmited concerns about the eurozone. Qualms about the future of US monetary policy remained a weight on […]
Market Summary – March 30, 2012
March 18, 2012 · Posted by ·
A volatile week that saw some major stock indices rise and fall by more than 2% continued with a rebound Friday on positive reports on US consumer spending and rising confidence. Overall, US economic data were positive, including signs of a bottoming housing market, fewer jobless claims and an increase in durable goods orders. Investors […]