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Stocks shot up across the financial sector, buoyed by news of a deal among European leaders for a bailout plan to relieve the Euro Zone debt crisis.

Currently, the global stainless steel industry is going through difficult times, as prices of raw materials are increasing on one hand, and at the same time demand has been on a declining trend. Profitability of both manufacturers and traders of pipes and plate products have reduced significantly compared to the past two years. I have been speaking to many traders of pipes, plates and fittings about their business conditions and the most common answer I get is "Current business is even worse than what we experienced in the recession of 2008". It is not just the case with European or US manufacturers of stainless steel products, the effects of declining demand is being even faced by Chinese and Asian manufacturers. Nickel and ferro chrome prices are the driving factor for determining prices of stainless steel products. While, Nickel prices on the London Metal Exchange have been very volatile, ferro chrome prices have been recently increased by 12.5% by miners across economies. On account of an increase in ferro chrome prices, some manufacturers have already announced an increase in prices, while others are planning to increase the prices. Stockholders and buyers of products such as stainless steel sheets, plates, pipes, bars, fittings and flanges have been become highly risk averse and cautious while placing purchase orders with mills, especially in case of Asian stock holders who import these products from Chinese or Indian mills. The global speculation activity in metals has had a major impact on the buying patterns of consumers in Asian economies. Going forward, we expect the market to remain lack luster, with buyers staying on the back seat and purchasing in smaller quantities, to avoid major losses due to fluctuations in prices of Nickel and other raw materials. Although prices in the Indian market have remained stable, but selling big quantities of stainless steel plates, pipes and fittings has become difficult because of the risk averse attitude of traders

Concerns of a slowdown in the Chinese economy led to a selloff in major base metals including copper, aluminium and nickel. Even precious metals such as gold and silver were not spared. The key question is who to trust at times when gold is also on a freefall. This week global financial markets started with another round of selling, as investors turned risk averse following disappointing Chinese economic data. The Chinese Economy grew 7.7% during the first quarter of 2013, compared to the same period last year, missing economists' expectations of 8% growth. Growth also slowed compared to the last quarter of 2012, when it stood at 7.9%, raising expectations of a slowdown in the Chinese economy, which is a bearish signal for the global financial markets, especially base metals. Growth in Chinese industrial production also disappointed, with a reading of year on year growth of 8.9% in March compared to a 9.9% growth recorded in the previous month. Markets were expecting a growth of 10.0 year on year. Traders had expected China to post better results, as consumer spending had improved and Chinese government had also infused liquidity in the domestic financial system to aid growth. We expect the Chinese government to avoid a monetary tightening policy to aid growth in the coming months. Nickel prices were trading at around USD 15,500 / metric ton down around USD350 compared to the closing on Friday. The fall in nickel prices and weak Chinese economic data has come as a surprise to many stainless steel users and stockholders in emerging economies, as they had made material bookings for stainless steel seamless pipes, Stainless Steel Pipe Fittings and stainless steel strips in the last week,. They had anticipated Nickel prices of USD16000 / metric ton as bottom pric

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Hong Kong opened lower following weakness in European and U.S. markets Friday and sank almost 200 points at one time, but a rebound in Mainland stocks helped erase some losses.

Investors have been watching Apple's stock price very closely, and with great reason as the company also carries a lot of weight on the broader market indices.

Revolutionary Impact of Online Stock Trading On the Mind of Investors these Days The methodology picked for selling and buying of shares and related commodities without any manual effort but rather through machine intervention; can be depicted as Online Stock Trading on this date. Next countable step for depositing the amount to be invested during online trading is to open a share trading account for keeping the mentioned details in a safe condition. Eventually hunting for those efficient online share brokers seems to be hitting the list of upcoming priorities. But what counts the most far a mile before implementing the above mentioned strategies; a likeminded individual should be aware of the fundamentals on which online trading strategies stand tall.

The Hong Kong market surged after major central banks acted to help European banks struggling with the region's debt crisis. A drop in Chinese banks required reserves boosted stocks.

China and Hong Kong stocks tumbled after the HSBC preliminary manufacturing PMI fell sharply to 48.0, indicating slowing growth in China. Resources stocks posted steep losses.

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Jon Corzine's MF Global reported record losses on Tuesday and saw its stock lose nearly half it's value while stocks across the financial sector showed declines.

More bad news from Europe drove Hong Kong stocks lower as the Fitch rating agency downgraded Portugal's debt to junk status. Extremely thin turnover set the stage for volatility on Friday.

Hong Kong's Hang Seng Index dropped below its 50-day moving average as the worsening European debt crisis hit global markets hard. Turnover sank, reflecting investors' caution.

Stocks ended lower today, led by financial stocks despite major banks reporting solid earnings for the quarter. The sell-off was caused by concern of global economic growth.

Wall Street got a lift from bank stocks today, but it was the Nasdaq that retook a key level it had not hit for over a decade.

Wall Street was on fire today, with stocks reaching new highs as hope for an EU resolution and economic data showed promise for bulls. Financials led with an almost 6 percent jump.

The biggest winners have been the most beaten-down stocks during the financial crisis. Of course, these companies also had the most to recover from.

China stocks ended a volatile week higher on Friday, with banks set to lead the market to further gains.

While share prices for stocks listed on the S&P 500 can sometimes get pushed too high, here are seven stocks that appeart to be cheap.