By Barbara Zigah (eToro Blog) According to a recent report, the world’s recovering economies have only two speeds: Too slow or too fast. Which country belongs in which category is fairly obvious. The world’s developing economies, the so-called third world nations, are developing at an amazingly fast pace, with an ability to thrive independently, even [...]
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By Barbara Zigah (eToro Blog) In spite of today’s release of somewhat mixed data from Germany, the Eurozone’s primary economic driver, the common currency is gaining strength against the Japanese Yen and the U.S. Dollar. First the bad news: According to the German Statistics Office, retail sales fell into negative territory for the month of [...]
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By David Becker (eToro Blog) Europe yields continued to move higher, outpacing the gain in the US and the UK. The interest rate differentials support euro strength as the 2- and 10-year interest rate differential has continued to move in the euro’s favor. Euribor futures and swaps imply that the ECB is expected to hike [...]
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By David Becker (eToro Blog) European shares climbed on Wednesday, led by the German DAX which surged nearly 1.8% lead by Industrial stocks and manufacturers. The Stoxx Europe 600 index rose 0.7% to close at 278.55, following a 2.6% surge overnight for Japan’s Nikkei Stock Average. Riskier assets continue to rebound and the beneficiaries are [...]
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By Barbara Zigah (eToro Blog) The remainder of this week will be a busy one for the Federal Reserve as it reviews new labor data to gauge the success of the full employment component of its dual mandate. Besides the two reports on non-farms payroll data, the first being today’s report from ADP and on [...]
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By David Becker (eToro Blog) US equity markets moved higher lead by energy and telecommunication stocks with energy making new 2011 highs. Better than expected economic data points also help keep upward momentum for equity prices. The gains in the telecom sector were based on continued optimism about consolidation in the industry after AT&T’s bid [...]
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By David Becker (eToro Blog) Oil prices moved higher as questions over how soon Libya’s crude could feasibly return to the market continue to linger. Prices have climbed nearly 16%, since unrest in the Middle East moved into the headlines. Recent reports estimates that oil fields in rebel hands are producing between 100,000 and 130,000 [...]
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By Barbara Zigah (eToro Blog) No doubt coming as welcome news to officials from the Bank of Japan, the Japanese Yen is experiencing relative weakness in the weeks following the worst catastrophe Japan has experienced in recent memory. The massive earthquake, tsunami and now ongoing nuclear threat are likely to cost the Japanese government nearly [...]
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By Barbara Zigah (eToro Blog) It seems that, finally and again, Americans are working their way from being a nation of borrowers to a nation of savers. Good old fashioned, put-the-money-in-your-piggy-bank savings is the new “in” thing. Blame it on Wall Street and the financial crisis fall-out, but U.S. households are rethinking their buy-now-pay-later mentality. [...]
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By David Becker (eToro Blog) The dollar was able to gain some ground as investors move capital into the greenback after the NAR released yesterday a better than expected Pending Homes Sales report. NAR’s Pending Home Sales Index is designed to be a leading indicator of housing activity. The index measures housing contract activity. It [...]
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