Tuesday, February 5, 2013

Euro Dips on Economic Recovery Concerns, Stocks Dip From 4½-year Highs

Woww this is great, Stocks dip from 4½-year highs, Risk appetite wavers after the week started with global stocks at their best level since June 2008, on hopes for the global economy.

Broad losses on Wall St as rally fades, US equities pull back from recent highs as all 10 sector groups on S&P 500 trade sharply lower. Financial and energy stocks were the biggest decliners

EM companies commit 'original sin', A rash of foreign currency bonds by emerging market companies has raised fears that their debt burden is vulnerable to exchange rate movements

Meanwhile, Appetite for dim sum bonds returns, Offshore renminbi debt – better known as  'dim sum' bonds – endured a rollercoaster ride in 2012 but analysts are hopeful that 2013 will see a rebound

Brace for a stock market accident
Profits and leverage are locked in a deadly embrace, and the next deleveraging could signal the next major bear market

European refiners' seasonal profits soar, Record earnings are made by shipping products to New York where demand for petrol cannot be met locally, despite rise in US oil production

Finally Euro dips on economic recovery concerns, Comments from France's finance minister on the strength of the euro, and rising borrowing costs in Spain, leave single currency weaker

Financials put brake on FTSE rally, Banks hold back main London index at start of a pivotal week for the heavily weighted sector, as Osborne threatens to break up banks

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