Top Stories Last Week Disappointed Earnings Reports Drove Equity Markets Lower Equity markets declined on disappointed earnings and revenue forecasts from Apple to Caterpillar. On the week, Standard & Poor’s 500 Index was down -1.4%, MSCI EAFE index lost 1.0% and MSCI emerging market index dropped by 0.6%. Gold lost its lust, down by 0.6% … Read more
Top Stories Last Week Equity Markets Held On to Gains despite Friday’s Drops Equity markets tanked on Friday, the 25th anniversary of the “Black Monday” in 1987, led by weak earnings reports from GE and McDonald’s and negative outlook from tech giants Google and Microsoft. On the week, Standard & Poor’s 500 Index was up … Read more
Top Stories Last Week Equity Markets Dropped on Uncertainties Over Potential Spanish Bailout The uncertainties over Spain weighed on the financial markets, dragging global stocks lower for the week. The Standard & Poor’s 500 Index lost 2.2%, MSCI EAFE index dropped by 1.8% and MSCI emerging market index declined by 1.6%. Gold was down by … Read more
Top Stories Last Week Markets Rose on Better than Expected Economic News Global equity markets rose in the first week of October as economic news released in the US were better than economists’ expectation. The Standard & Poor’s 500 Index gained 1.5%, MSCI EAFE index rallied by 2.2% and MSCI emerging market index rose by … Read more