May 27, 2013 12:08 pm
The Nobel prize winner economist Joseph Stiglitz confirmed Bernankes testimony that cutting the stimulus package would be a step taken too early for the economy considering its recent stability. Bloomberg cited Stiglitz saying “Its the only stimulus” he stated on 25th of May, “Clearly the economy is not back to normal, and to accept this […]
Read moreMay 27, 2013 7:20 am
After sealing the acquisition of Tumblr for $1.1 billion last month and purchasing a couple of small companies, Yahoo reported another one. This time the internet giant is adding a company called PlayerScale to the list. The sum of the acquisition wasnt disclosed but most likely it was one of a fairly significant amount. PlayerScale […]
Read moreMay 27, 2013 6:37 am
WTI crude kept its declining pace for a fifth day, which is the longest run of declines this year, following concerning data about Chinas economy published last week. The Asian nations Advance Purchasing Managers Index hit a seven-month low value of 49,6 in May, compared to a final reading of 50,4 in April. This had […]
Read moreMay 24, 2013 7:56 am
EUR/USD pair was stable during early hours of Fridays European trade session after positive signal came from Germany, regarding consumer confidence and also on speculations about FED asset purchasing program exit in short-term. During later hours of Asian session, EUR/USD reached 1.2944, session highest value, after which consolidation followed at 1.2930-40. The pair was expected […]
Read moreMay 23, 2013 2:33 pm
WTI crude fell more than $2 and went below the 200-day moving average. The fall was triggered by Chinas factory activity decline, which was shown by the Advance Manufacturing Purchasing Managers’ Index, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator dropped to 49,6, which is a negative value as 50 is the […]
Read moreMay 23, 2013 12:20 pm
EUR/USD pair increased in value during Thursday trading session, but gains seemed limited after the announcement by FED that it could taper its asset purchasing program, while investors shorted their risk appetites. The cross reached 1.2905 during late hours of European trade, highest value for the current session, then EUR/USD distanced, falling to 1.2883-1.2888. The […]
Read moreMay 23, 2013 10:16 am
After the European Commissions probe into possible oil price manipulation started last week, the circle of companies to come under scrutiny has widened. Some of them are investigated, while others are asked to assist by providing information. Royal Dutch Shell, BP, Statoil – three of Europe’s biggest oil producers, and Platts – the oil-price data […]
Read moreMay 23, 2013 9:10 am
Brent crude fell today to a three-week low below $101 together with other commodities as WTI crude, silver, platinum and palladium following negative economy information about Chinas factory activity. The Advance Manufacturing PMI for China for May, conducted by Markit Economics and HSBC Holdings Plc, dropped to 49,6, which is a negative value as 50 […]
Read moreMay 23, 2013 8:07 am
Data showed that Chinese manufacturing slowed down for the first time in seven months, which caused equities to drop, thus increasing golds attractiveness as a haven for wealth preservation and boosted its demand. Following an earlier decline, the precious metal rose by 0,5% and traded at $1 376,86 at 2.06 pm in Singapore. The Advance […]
Read moreMay 23, 2013 7:02 am
WTI crude fell for a third day on Wednesday following official data by the U.S. Energy Information Administration, which stated that cure reserves decreased less than expected and gasoline stockpiles rose way more than forecast. Crude reserves fell by 338 000 barrels, compared to a 778 000 barrels decline expectation. Gasoline stockpiles rose 3,02 million […]
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