Top Stories Last Week • Global Equities Rose among Debt Ceiling Negotiation and Yellen Nomination Global equities rose for the week amid the optimism on the fiscal negotiation. President Obama’s nomination of Janet Yellen to be next Fed chairman triggered the speculation that the tapering will be slow. Alcoa kicked off the third-quarter earnings season … Read more
Top Stories Last Week • US Stocks Shrugged off Government Shutdown The US stocks were largely unchanged though the Congress could not reach an agreement on the new fiscal year budget and federal government partially shut down. Most of the market participants believed the shutdown would be temporary. In the week, S&P index remained flat, … Read more
Top Stories Last Week • US Stocks Dropped as Congress Could not Reach an Agreement on New Budget The US stocks dropped as Congress could not reach an agreement on the new fiscal year budget. The government may face shutdown if no deal is agreed by Monday. The uncertainty made the markets jittering. In the … Read more
Top Stories Last Week • Global Stocks Rallies as the Fed Restrained from Tapering The Federal Reserve surprised markets by not reducing the size of its $85 billion per month bond-purchase program. World stock markets rallies as traders cheered the news. In the week, S&P index rose 1.3%, and MSCI EAFE index rallied 2.3%. The … Read more
Top Stories Last Week • Global Stocks Rallies Continued as Tension on Syria Eased World stock markets rallies continued as Syria crisis faded and economic reports from China buoyed investor confidence on Chinese economic rebound. In the week, S&P index rose 2.0%, and MSCI EAFE index rallied 2.8%. The MSCI Emerging Market Index advanced 3.3%. … Read more
Top Stories Last Week • Global Stocks Rallied amid Upbeat Economic Reports World stock markets started September with a bang after upbeat economic reports in Europe and China buoyed investor confidence and US job report may keep the Fed from tapering in September. In the week, S&P index rose 1.5%, while MSCI EAFE index rallied … Read more
Top Stories Last Week • Global Stocks Fell Sharply amid Concerns about a Possible US Military Strike on Syria The markets reacted sharply to heated rhetoric about the Syrian government’s alleged use of chemical weapons in an attack last week, with concerns about a possible U.S. military strike rippling across asset classes. Stocks were slammed, … Read more
Top Stories Last Week • US Stock Markets Rose For the Week Despite the Technological Breakdown in Nasdaq US stocks rose for the week despite the technology breakdown in Nasdaq. In the week, S&P index rose 0.5%, while MSCI EAFE index dropped 0.2%. The MSCI Emerging Market Index tumbled 1.6%. However, gold continued to rally … Read more
Top Stories Last Week • US Stock Markets Suffered the Worse Weekly Drop in A Year US equities suffered the worse weekly drop in a year, amid disappointed forecasts from Walmart and Cisco and fears of Fed tapering as rosier economic data may force the Fed to remove its monthly asset purchases soon. In the … Read more
Top Stories Last Week • US Stock Markets Declined after Reaching New Records Last Week US stock markets declined after reaching new records without much new release of economic data. In the week, S&P index declined 1.0%, while MSCI EAFE index climbed 0.3%. However, the MSCI Emerging Market Index was lost 0.6%. Gold was up … Read more