Without Europe's sovereign debt and banking woes this market would fly. Economic reports dispute argumant for recession. Traders' opportunity on weakness today.
While all attention has been focused on the European sovereign debt crisis, economic data has been in the background. Growth has continued to grind to a halt in the EU.
The S&P 500 has risen 12 percent in anticipation of a near-term solution of its bank/sovereign debt issues. The market has no room for a disappointment.
Wall Street looking to the Euro-summit meeting this weekend for at least a partial solution to banking and sovereign debt issues. Bulls anxious to load up.
Last week stocks soared after European officials hammered out a deal, but now investors are wondering whether the plan can be a long-term solution to sovereign debt crisis.
Commodities investor Sun Group announced it signed agreements with a Russian sovereign investment fund, China National Gold Group and a few entities from Brazil and South Africa to invest up to $500 million to develop a gold deposit in Siberia.
There are two storm clouds on the horizon that could force global equity markets lower, sharply hike interest rates on sovereign debt and create a super rally in the U.S. Dollar.
China stocks in Hng Kong fell sharply after the European Central Bank failed to expand its sovereign debt purchase plan, despite encouraging news of large drop in Chinese inflation.
India Inc. has hailed the better-than-expected 7.5 percent GDP growth during 2009-10, but it is still jittery about numerous challenges, including poor credit availability to the industry, particularly the small and medium enterprise (SME) sector, and the Eurozone sovereign debt crisis which could draw down exports to the region in the coming days.
With uncertainty reigning in the European markets, which was triggered by the sovereign debt crisis in Greece, the government should consider extending focus market benefits to left over European countries, urged the Federation of Indian Export Organisations (FIEO) on Friday.
The lingering sovereign crisis in eurozone is hampering the business growth of Indian SME exporters and making them apprehensive about their profitability.
A new study by the Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed concern that the sovereign debt crisis of Greece may spread over to other European nations which could have catastrophic impact on Indian exports.
Exports to Europe could witness a slump of close to 10 percent and even the government's overall export target of $ 200 billion for this fiscal could be at stake if Euro Zone sovereign crisis is not prevented from spreading to larger part of European Union, according to a new study carried out by an industry body.
The World Gold Council (WGC) expects that demand for gold will be strong during 2010, driven by growing demand for jewellery in China and India as well as an increase in European and US investment in the context of continued economic instability, sovereign risk and the threat of a 'double dip' recession.
All eyes are on Europe once again to produce a plan that adequately addresses its longer-term bank and sovereign debt problems. There market has no room for failure at this point.
Expect a technical bounce this morning capable of reaching DJIA 12,895 (S&P 500: 1377) before Friday. Rally failure risk is high. Test of Tuesday lows likely.
The market is seeking a level that discounts foreseeable negatives and uncertainties (Spain, U.S. economic slowdown , Q1 earnings).Needs time for clarification.