Currency Markets in the News
Financial Market Logjam Not Over
October 14, 2008
The framers of the latest barrage of measures to unfreeze global credit markets are asking investors for patience, conceding a difficult recession ahead and that current banking system problems will not go away overnight. Deep down, investors are unconvinced. Trading was disappointing in the first U.S. session since the G-7 weekend meeting and the unveiling […] More
Currency Markets in the News
October 10th G-7 Statement Unlike Any Precedent
October 14, 2008
Finance Ministers and Central Bank Governors met last Friday under unprecedented global risks to growth and released a statement that was shorter in length, different in format, lacking in detail, but resolute in laying out five principles of agreement for the need to recapitalize financial institutions, better protect depositors, and re-liquify financial markets. Taxpayers are […] More
Bonds and Stocks
A Word On Big Daily Stock Market Gains
October 14, 2008
Very large daily stock market gains are more likely to occur within bear markets than during times when equity prices have been trending upward. The DJIA posted its fifth largest daily increase yesterday of 11.1% and is indicated to rise sharply at the open today. Asia and Europe have experienced similar strength this week, but […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Asian and European Stocks Soared, U.S. Dollar Is Lower
October 14, 2008
Bush and Trichet speak at 12:00 GMT. Paulson to explain details of U.S. plan at 12:30 GMT. Washington will reportedly inject $125 billion combined into Citigroup, Goldman Sachs, Wells Fargo, JP Morgan, Bank of America, Merrill, Morgan Stanley, State Street and Bank of New York and disperse another $125 billion of capital around to other […] More
