Top Stories Last Week • US Stocks Reached New Record US stocks reached new record after Fed Chairman Bernanke’s comments on monetary policy in NBER meeting. He explained that even if the Fed slows down purchases of bonds, it will keep interest rates low for a long time. In the week, S&P index rose 2.8%, … Read more
Top Stories Last Week • US Stocks Rallied as Bond Rout Continued The US stocks rallied as employers added 195K jobs in June, better than expected, signaling the US economic growth is gaining momentum. In the week, S&P index rose 1.6%, and MSCI EAFE index climbed 0.9%. However, the MSCI Emerging Market Index tumbled by … Read more
Top Stories Last Week • US Stocks Ended the Best Second Quarter Since 2009 The US stock market ended its best second quarter since 2009, with the S&P 500 Index rising 2.36%. The rate on a 30-year fixed mortgage posted a biggest weekly increase in 25 years. The average rate rose 53 basis points to … Read more
Top Stories Last Week • Global Stocks Dropped as Fed May Taper QE Global financial markets fell for the week, battered by the comments from Federal Reserve Chairman Ben Bernanke about the possibility that the central bank might reduce the stimulus this year. In the week, S&P index dropped 2.0%, and MSCI EAFE index declined … Read more
Top Stories Last Week • Global Stocks Dropped as Bank of Japan Disappointed Investors Global stock markets lost ground last week as Bank of Japan refrained from taking further easing measures, disappointing investors. In the week, S&P index dropped 1.0%, and MSCI EAFE index declined 0.5%. The MSCI Emerging Market Index tumbled by 3.2% as … Read more
Top Stories Last Week • US Stocks Rose the First Time in Three Weeks U.S. stock markets rose this week, the first time in three weeks. On Friday, stocks rose after a solid payrolls report cheered investors by suggesting that economic growth is strong enough to sustain relatively healthy job increases but not so strong … Read more
Top Stories Last Week • US Stocks Declined for Another Week U.S. stock markets declined this week, but still finished the month with healthy gains. Treasury yields surged to the highest levels in more than a year, after a strong housing report fuelled fears that an improving economy could push the Fed to taper its … Read more
Top Stories Last Week • US Stocks Declined From Record Highs Volatility came back to the stock markets last week. Bernanke’s testimony and data showing China’s manufacturing sector contracted, sent the shares in global plummeting. Japan’s Nikkei sank 7.3% before recovering later. In the week, S&P index dropped 1%, and MSCI EAFE index declined 2.5%. … Read more
Top Stories Last Week • US Stocks Set Records Again U.S. stocks rose for the week, setting a few record highs along the way. It was another week of gains even the economic data during the week was a mixed bag, with retail sales and consumer sentiment exceeding expectations and initial jobless claims worse than … Read more
Top Stories Last Week • US Stocks Ended the Week at Record Levels Again U.S. stocks ended the week at record levels again. The bull markets continued as more and more retail investors jumped to the bandwagon, buying stocks. S&P index was up by 0.9%, and MSCI EAFE index increased 0.1%. The MSCI Emerging Market … Read more