Posted by
admin on February 24, 2012 |
No comments
The European stocks went down for a second day and commodities declined after the region’s services and manufacturing output suddenly shrank. U.S. equity-index futures declined, while German bonds increased.
The Stoxx Europe 600 Index lost 0.8 percent at 6:15 a.m. in New York. Futures on the Standard & Poor’s 500 Index slipped 0.2 percent. Copper retreated 0.6 percent. The German 10-year bund yield decreased four basis points to 1.94 percent, breaking a four-day climb. The dollar appreciated 0.6 percent to 80.18 yen, while the pound declined against 15 of its 16 main peers.
A measure of euro-area services and manufacturing production dropped to 49.7, London-based Markit Economics said, below the 50.5 forecast by economists in a Bloomberg survey. China’s manufacturing may shrink for a fourth month, according to data from HSBC Holdings Plc and Market. U.S. sales of previously owned homes probably rose last month to the highest level since May 2010.
Tags: forex currency trading, how to trade currency, learn forex trading
Posted by
admin on February 23, 2012 |
No comments
FedEx Corp. (FDX) may try to leap into the bidding for TNT Express NV (TNTE) after the board of Europe’s second- largest package-delivery company discarded a $6.43 billion offer from United Parcel Service Inc. (UPS), investors and analysts said.
FedEx is the most understandable potential TNT suitor besides UPS, said Katrina Dudley, a portfolio manager at Mutual Series, a Franklin Templeton Investments unit whose funds own TNT stock. “It is a once-in-a lifetime chance for one of the players to create what I see as a strong global parcel franchise.”
TNT (TNTE) turned down UPS’s initial offer of 9 Euros a share while saying Feb. 17 that talks continue. That leaves an opening for FedEx, operator of the world’s biggest cargo airline, to swoop in to keep Hoofddorp, Netherlands-based TNT out of UPS’s hands, said Kevin Sterling, an analyst at BB&T Capital Markets. The prize would be expansion in Europe, where Deutsche Post AG (DPW)’s DHL leads in express deliveries.
Tags: forex currency trading, how to trade currencies, how to trade in forex, trade forex, Trading Forex
Posted by
admin on February 22, 2012 |
No comments
The euro rise for a fourth day, copper advanced and Asian stocks pared victims after a European Union official said finance ministers have reached an agreement on a second bailout package for Greece.
The euro climbed 0.3 percent to $1.3276 as of 12:31 p.m. in Tokyo, reversing an earlier drop. Copper climbed 1.5 percent and oil traded near a nine-month high. The MSCI Asia Pacific Index (MXAP) declined 0.2 percent as airlines retreated on concern higher energy prices will reduce profits. Standard & Poor’s 500 Index futures advanced 0.5 percent. Ten-year Treasury yields rose three basis points to 2.03 percent.
European finance ministers had haggled into the night in Brussels over the terms of new loans to Greece and a possible contribution by central banks. They also bartered with bank representatives over a bond exchange meant to stave off the threat of a Greek default next month. Chinese Vice President Xi Jinping said yesterday that the global economy faces a mounting fight back as it seeks to make progress from a monetary crisis.
Tags: forex learning, how to trade currency, learn forex trading, learn to trade forex
