Search Results for: Markets
Australia 200 – Bounces Strongly Off Support at 5100
October 15th, 2014
Australia 200 for Wednesday, October 15, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
FMA: New Zealanders underestimate investment risk and prefer lower risk investment options
October 15th, 2014
Research conducted for the Financial Markets Authority (FMA) shows Kiwis are switched-on about straightforward, low-risk investment options. But when responding to questions about investments with more risk, people are far less confident. The FMA ran the survey as part ...
U.S. stocks slide allows short sellers to smile again
October 15th, 2014
The stock market’s long-suffering short sellers finally have something to smile about. Investors who make a living betting that stock prices will fall are in a position to profit handsomely as the U.S. equity market sinks, with its biggest ...
Citi pulls out of consumer banking in 11 countries, profit jumps
October 15th, 2014
Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs. The third-largest U.S. bank, built with a ...
Draghi’s Whatever It Takes Bid Saved Euro Area, ECB Says
October 15th, 2014
European Central Bank President Mario Draghi helped save the euro with his pledge to do “whatever it takes” as lenders prepared for a collapse of the currency, an ECB lawyer told a hearing today. The European Court of Justice, ...
China Approves Brokerages to Start HK-Shanghai Trading
October 15th, 2014
China approved brokerages including Central China Securities Co. (1375) to offer trading services that pave the way for the start of a program allowing investors in Shanghai and Hong Kong access to each other’s stock markets. Central China shares ...
Wednesday October 15: OSB Daily Technical Analysis- Currency pairs
October 15th, 2014
OSB Daily Technical Analysis for October 15, 2014 EUR/USD declined on Tuesday and got back in line with general longer term trend testing support at the 1.2640 area. Pair likely to test recent lows at the 1.25 area. A ...
Oil prices tumble 4% on demand outlook
October 15th, 2014
Crude oil prices tumble again on lower demand; gas prices to follow. Another slump in crude oil prices pummeled the energy sector on Tuesday. Benchmark West Texas sank 4% to $82.32 a barrel – a 28-month low – while ...
JPMorgan’s profit misses; posts unexpected $1 billion legal expense
October 15th, 2014
JPMorgan Chase & Co (JPM.N) reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. The bulk of the costs came from ...
In Court, Lawyer Calls E.C.B. Bond Plan ‘an Egregious Extension’ of Powers
October 14th, 2014
In legal news, Europe’s highest appeals court began hearing arguments on Tuesday morning on a suit that aims to block a European Central Bank bond-buying program that has never been deployed — but whose mere announcement two years ago ...
