By Sam Dustin (eToro Blog) This week was filled with key economic data releases, votes on the future of the European Financial Stability Facility and a surprise rating downgrade of New Zealand. We will look at them in addition to client positioning on the OpenBook platform. U.S. Dollar and Dow (DJ30) United States GDP data [...]
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By Barbara Zigah (eToro Blog) Ratification of the European Financial Stability Facility is well on its way, with the Finnish and German parliaments approving the amendment to the Fund earlier this week, and only six countries left to vote. Analysts at London’s Lloyds Bank have little doubt that the ratification process will be completed to [...]
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By Barbara Zigah (eToro Blog) George Soros, the noted businessman and financier, believes that a second “Great Depression” is coming, and he’s got some ideas on how to stop it. He, like many other critics, believe that policy leaders in the Eurozone, among other nations, no longer have control of the worsening situation. He believes [...]
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By Barbara Zigah (eToro Blog) Even as Eurozone leaders work feverishly to contain the growing panic (and growing likelihood) over a possible Greek default, the Eurozone’s economy continues to be faced with headwinds. Earlier today, Eurostat published unemployment and inflation data for the Euro region which will certainly give the European Central Bank still more [...]
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By Barbara Zigah (eToro Blog) For the third consecutive month, China’s key manufacturing sector shrank last month, indicating that the second largest economy in the world is no more immune to global headwinds than any other. The slowdown underscores concerns that China won’t be as effective as the world’s economic driver as it once was. [...]
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By Dean Peters-Wright (eToro Blog) The German DAX 30 and the French CAC 40 rallied yesterday following the news that the German Parliament ratified a crucial amendment to the EFSF. Investors had been holding their collective breaths on the vote, and no doubt heaved a sigh of relief once they learned that Germany was finally [...]
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By Scott Rubin Benzinga Staff Writer On Wednesday, Spain, Italy, and France all announced that they will be extending short selling bans on financial stocks. Of course, this news comes as little surprise, as short selling bans are typically instituted by policymakers when they don’t know how to address the real underlying problems. In this case, [...]
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By Sam Dustin (eToro Blog) U.S. jobless claims came in lower than market expectations. The applications for claims dropped by 37K to 391K. However there were some technical issues in the calculation of the data according to the Labor department. In his latest statement, Federal reserve Chairman Ben Bernanke called the weak labor market “a [...]
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By Sam Dustin (eToro Blog) Canada will release July GDP data on Friday Sept 30 at 1:30 pm London time. Canada’s economy is well diversified with energy exports, manufacturing and services industry playing key roles. Canada relies on U.S. heavily as the U.S. is the largest importer of Canada’s oil. Exports account for 45% of [...]
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By Barbara Zigah (eToro Blog) Once upon a time, and not too long ago at that, the United States was in the enviable position of headmaster, offering up advice and encouragement, and the occasional chastisement, to up-and-coming economies. Now, the shoe is on the other foot, and according to the Chairman of the U.S. Federal [...]
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