Top Stories Last Week Global Stocks Gained on Optimism about US Fiscal Deal and Economic Outlook Global stocks edged higher this week, lifted by optimism that a deal to avert the so-called fiscal cliff would be struck. Positive US housing data also helped move the markets higher. However, the stocks lost some momentum on Friday … Read more
Top Stories Last Week US Stocks Declined Slightly while International Stocks Gained U.S. stocks declined slightly, as worries about the fiscal cliff continued to sap investor enthusiasm. Fed’s QE4 could not boost the US stocks. However, the stocks in both developed and emerging market stocks moved higher as the economic news there became more positive. … Read more
Top Stories Last Week US Stocks Were Flat while EM Stocks Rallied U.S. stocks were essentially flat for the week, as unremarkable economic data combined with worries about the fiscal cliff to sap investor enthusiasm. Early in the week, news on Chinese Manufacturing rebound drove the emerging market stocks higher. Standard & Poor’s 500 Index … Read more
Top Stories Last Week Stock Markets Rose for a Second Week Stock markets rose slightly for a second week amid uncertainties on fiscal cliff negotiations. Investors were cautiously optimistic about a possible resolution by the end of the year. Standard & Poor’s 500 Index rose 0.6%, MSCI EAFE index was up 1.0% and MSCI emerging … Read more
Top Stories Last Week Markets Rallied on Easing of Middle East Tension and Hope for a Resolution of “Fiscal Cliff” The stock markets enjoyed some Black Friday cheer, rising sharply as consumers rushed to start the holiday shopping season. Major stock indexes closed one of their best weeks of the year. Investors were encouraged by … Read more
Top Stories Last Week Equity Markets Declined on Concerns about Fiscal Cliff Equity markets declined after the US election as markets shifted attention to the upcoming fiscal cliff and European debt crisis. On the week, Standard & Poor’s 500 Index was down 2.4%, MSCI EAFE index lost 2.2% and MSCI emerging market index declined by … Read more
Top Stories Last Week Global Equity Markets were Little Changed Equity markets were little changed as Hurricane Sandy forced the NYSE to close for two days. On the week, Standard & Poor’s 500 Index was up 0.1%, MSCI EAFE index gained 0.1% and MSCI emerging market index rose by 0.6%. Gold continued its decline, down … Read more
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