By David Becker (eToro Blog) European bourses surged to new 52 week highs this week on the back of the ultra-easy monetary policy reiterated by the US FOMC on Wednesday of this week. The DAX and the CAC had strong weeks, breaking to the upside. German stocks gained for a seventh day as the benchmark [...]
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By Barbara Zigah (eToro Blog) Consumer confidence in the U.K. has been severely shaken, only a wedding of such pomp and ceremony as that of the future King of England can pull the nation out of the doldrums, even if only for the day. Whether the country’s collective euphoria can translate into economic goodwill, however, [...]
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By David Becker (eToro Blog) Yields on long term global government bonds moved lower as investors cheered the dovish stance taken by the US FOMC. The central bank reiterated their stance that they will continue to maintain an accommodative monetary policy for an extended period. Ben Bernanke in a press conference in which the chairman [...]
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By David Becker (eToro Blog) Gold prices surged to new all-time highs trading above 1,530$ basing itself well above the 1,500$ level.The Metal reacted strongly to the statment of Fed chairman Ben Bernanke that rates would remain low for an extended period of time. When asked in a question and answer session about inflation, the Chairman of the [...]
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By Barbara Zigah (eToro Blog) At yesterday’s close, the Dow Jones, S&P 500 and NASDAQ all rallied on the likely continuation of the Fed’s loose monetary policy, as signaled by Fed Chairman Ben Bernanke. Some analysts are suggesting that the U.S. equity markets will be hard-pressed to slow their momentum in the long term given [...]
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By David Becker (eToro Blog) The Swiss Franc gave back a small portion of the recent 13 big figure gain as the dollar gain a small bit of ground prior and post the US FOMC meeting. Additionally, growth in Swiss exports slowed in March but remained relatively buoyant as the country’s manufacturers adjusted to a [...]
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By Barbara Zigah (eToro Blog) Yesterday, the Federal Reserve’s rate setting committee reported that the central bank intended to leave interest rates unchanged at their current low levels. Notable, in and of itself, but markets’ reaction was subdued in anticipation of the historic first-ever press conference which was held shortly after the press release, presided [...]
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By Barbara Zigah (eToro Blog) The U.S. Federal Open Market Committee earlier today released the decision that the current benchmark interest rate will remain at the existing 0.25% level. Market players and analysts had been almost unanimously agreed that the Fed’s ultra loose monetary policy would remain in place, given the only slight improvements to [...]
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By Barbara Zigah (eToro Blog) The U.K.’s Office for National Statistics earlier today released 1st quarter GDP results for the U.K. economy, and as forecast by economists’ consensus, the economy expanded 0.5%. Comparatively, that increase was equal to the percentile decline in the last quarter of 2010. According to the press release, the services sector [...]
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By Barbara Zigah (eToro Blog) It was reported earlier today by Eurostat that the Eurozone’s aggregate budget deficit was lower in 2010, attributed primarily to significant cost and budget cutting efforts by the various economies which make up the bloc. While that comes as encouraging news and is likely to restore the public’s, and more [...]
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