Posted by
admin on February 16, 2012 |
No comments
European (SXXP) stocks jumped, extending the Stoxx Europe 600 Index’s major rally in a week, as German investor confidence unexpectedly rose, offsetting downgrades of six euro-area countries by Moody’s Investors Service. U.S. index futures were little changed, while Asian shares retreated.
Royal Dutch Shell Plc (RDSA) gained 1.3 percent, dragging the Stoxx 600 higher. ThyssenKrupp AG (TKA), Germany’s biggest steelmaker, sank 2.7 percent after posting a first-quarter loss following project delays. TDC A/S (TDC), Denmark’s biggest phone company, dropped 4.6 percent after private-equity investors presented shares at a discount.
The Stoxx 600 gained 0.3 percent to 263.82 at 10:34 a.m. in London, extending yesterday’s 0.7 percent rally. The standard measure has advanced 7.9 percent this year amid optimism that the euro area will contain its crisis and as U.S. economic reports beat forecasts. S&P 500 futures expiring in March increased 0.1 percent today, while the MSCI Asia Pacific Index dropped 0.3 percent.
Tags: forex currency trading, how to trade currency, learn forex trading
Posted by
admin on February 14, 2012 |
No comments
Greek Prime Minister Lucas Papademos obtained approval from his Cabinet for deeper budget cuts needed to secure a second package of international aid, clearing the latest hurdle in his race to prevent financial collapse. The Greek Cabinet approved the 287-page document unanimously, said a government official, who declined to be named. The sanction means the 300-seat Parliament will vote, most likely tomorrow, on budget measures totaling to 7 percent of gross domestic product over the next three years and a debt swap to slice 100 billion Euros off more than 200 billion Euros of privately-held debt.
The community cost this program involves will be incomplete compared to the financial and social disaster that would follow if we don’t adopt it, Papademos told his ministers previously, according to an e-mailed transcription of his comments. The success of the program and monetary support will strengthen our country’s future in the euro area. The sanction capped a week of worry in Athens as European Union and International Monetary Fund officials argued with Greek government officials over the conditions required to secure the 130 billion-euro rescue package.
Tags: forex learning, how to trade currency, learn forex trading, learn to trade forex
Posted by
admin on February 13, 2012 |
No comments
Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, said it had a loss in the fourth quarter for the opening time since 2008, hurt by “unfavorable” markets and costs to rearrange the investment bank. Credit Suisse came down the most in five weeks in Zurich trading after posting a net loss of 637 million Swiss francs ($698 million), compared with an 841 million-franc profit in the year- earlier period. That missed the 446 million-franc average profit estimate of nine analysts surveyed by Bloomberg.
Credit Suisse Chief Executive Officer Brady Dougan said actions taken to speed up a revamp of the investment bank hurt earnings in the quarter. Dougan, who lowered the company’s profit target and announced two rounds of job cuts last year, is scaling down the securities division as the European sovereign debt emergency and stricter capital necessities crimp earnings. Pretax profit at the private bank dropped 43 percent with “passive” client activity in the fourth quarter.
Tags: forex currency trading, how to trade currency, learn forex trading
