Chinese stock market fell 3.6% on heels of new 20% property tax in the country to cool down rising “bubbly” real estate prices. “When there are new rules like these, it extends far beyond property shares,” Zhang Yanbin, an analyst with Zheshang Securities Co. in Shanghai, said by phone today. “There have been talks of […]
Chinese stocks tumble 3.6%, Europe trends lower Read More »
EU unemployment hit new records in January, increasing to 11.9% from 11.8% with number of jobless people in EU standing at under 19M. Eurozone February Manufacturing PMI came in unchanged from January at 47.9. European stocks falling approximately 1% across the board with Paris down 1.4% Closing numbers for the Asian markets: Japan +0.4% Hong
Asian Markets Mixed, European Markets Sell-off on Poor Unemployment, PMI Numbers Read More »
US stock markets gave up their gains for the day literally in the last 15 minutes of trading: Dow Jones Industrial Average lead the decline -0.17%, S&P 500 (above) -0.14% and Nasdaq losing -0.07% Commodities did not fare any better with both gold down -1% to 1580 and crude oil 0.94% to $91.90
US Markets Drop In Last Few Minutes of Trading $SPY (Image) Read More »
Asian (excluding Indian) markets moved up strongly in overnight trading. European markets also trend higher on reassurances from the US Federal Reserve that continued quantitative easing will help sustain an economic recovery. In Asia: Japan +2.7%, Hong Kong +2%, China +2.3%, India -1.7%. In Europe: London +0.2%, Paris +0.3%, Frankfurt +0.4%.
European Markets Higher on Heels of Big Moves in Asia Read More »
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