Sideblog 
- FOREX-Euro slides, hurt by banking and economic worries - FOXBusiness Tuesday, 7 September 2010, 7:12 am
Kansas City StarFOREX-Euro slides, hurt by banking and economic worriesFOXBusinessLONDON, Sept 7 (Reuters) - The euro fell broadly on Tuesdayafter rekindled concerns about the European banking sector. […] - La Mancha Announces a Positive Preliminary Economic Assesment for Its Hassai ... - MarketWatch (press release) Tuesday, 7 September 2010, 7:02 am
La Mancha Announces a Positive Preliminary Economic Assesment for Its Hassai ...MarketWatch (press release)Phase 2 of the PEA was prepared by AMEC and SGS Lakefield and focuses on the economic viabili. […] - AP analysis: Economic pain failed to ease in July - The Associated Press Tuesday, 7 September 2010, 6:02 am
AP analysis: Economic pain failed to ease in JulyThe Associated PressAmericans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' mont. […]
Global Economic News - 02/27/2009
February 27, 2009 by admin
US Treasury increases stake in Citi Bank to 40% but does not increase cash investment, rather it insures the bulk of Citi’s $306 billion risky investments. Shares ended significantly down but there is a sense of relief that an agreement had been reached.
Markets across the globe fell as uncertainty about the future of banks and other financial institutions drove down prices. Very little optimism can be found making equity prices appear high and company earnings uncertain.
Chinese unemployment is causing concern as the economy slows and many economic migrants find themselves out of work. The economy is still set to rise by 8% in 2009.
US Jobless figures are forecast to provide a gloomy outlook this week further undermining confidence in the economy with very little room left to stimulate using simply interest rates.
Markets This Week
US:DOW - down 4.2%
US:S&P500 - down 4.5%
UK:FTSE - down 1.7%
JPN:Nikkei -down 2.1%
Gold - $941
[ad#ad-1]
Global Economic News - 02/20/2009
February 20, 2009 by admin
The Japanese economy shrunk by 3.3% in the final quarter of 2008, largely due to week demand in western countries for its products. This is the largest decline in 35 years since the 1970’s Oil crisis. Whilst many had factored in this decline the Nikkei dropped 2.5% before making a recovery. Many have criticised the over dependence on exports to developed western counties.
The UK inflation rate as measured by the consumer prices index remained steady at 3.0% year on year. That is just 0.1% down on December. The weak Pound raising import prices to offset falls in energy and housing costs. Weak outlook in jobs and earnings mean this is predicted to fall in coming months.
Global equities continued with heavy falls taking them back to November levels. Investors seek to minimize any further risk. Banks were the hardest hit as uncertainty continues to undermine confidence in their ability to remain independent. Investors run for cover in Gold and cash.
Markets This Week
US:DOW - down 6.2%
US:S&P500 - down 6.2%
UK:FTSE - down 7.0%
JPN:Nikkei -down 4%
[ad#ad-1]