Obama-Romney debate

Stocks Falter in Europe

October 23, 2012

Share prices have dropped 0.9% in Germany, 0.8% in Britain, 0.6% in Italy and France and 0.5% in Spain.  In the Pacific Rim earlier, equities declined by 1.3% in China, 0.8% in South Korea, 0.5% in Taiwan, 0.4% in India and 0.3% in Indonesia but rose 0.7% in Hong Kong, 0.4% in New Zealand and […] More

EUR/USD above $1.3100 for First Time since May 4th

October 17, 2012

The dollar has lost 0.4% against the euro and Australian dollar, 0.3% relative to the Swiss franc and kiwi, 0.2% versus the yen and sterling, and 0.1% vis-a-vis the yuan.  The loonie is steady. After an extensive review, Moody’s did not downgrade Spain’s sovereign debt rating, which remains investment grade at Baa3.  Markets had been […] More

Equity Rally Extended

October 2, 2012

Monday’s better market tone extended into Tuesday, fed by a surprise Australian Official Cash Rate cut and hopes of a Spanish bailout. Stocks rose 1.1% in New Zealand, 1.0% in Australia, 0.8% in the Philippines, 0.7% in Singapore, 0.6% in Taiwan, 0.5% in Indonesia, and 0.3% in India.  China remains closed for the entire week, […] More