Euro strengthened against the dollar and the yen on Tuesday morning on speculation that the ECB's president, Mario Draghi, will give the debt-ridden euro countries a helping hand by buying their bonds in the market.
According to Jean-Paul Gauze, who sits in the European Parliament for France, Mario Draghi said to the European parliament that he was open to the possibility of buying government bonds years in the market with a maturity of up to three.
Tuesday, September 4, 2012
Moody's: EU credit in the balance
The credit rating of the EU is in danger of being lowered.
The rating agency Moody's said that it has changed its outlook for the current assessment of the EU in a negative direction. It is usually a warning that creditworthiness will soon be downgraded.
The rating agency Moody's said that it has changed its outlook for the current assessment of the EU in a negative direction. It is usually a warning that creditworthiness will soon be downgraded.
Monday, September 3, 2012
Commodities: Large price increases after Bernanke speech
Oil prices rose over the weekend on top of Jackson Hole Symposium and Ben Bernanke's speech, which did not offer clear signs of new quantitative easing, although unemployment in the U.S. economy worries head of the U.S. Federal Reserve. Meanwhile, the U.S. oil production is these days resumed after Hurricane Isaac, and is Monday morning up to 28 percent of normal capacity.
Currency: Utter silence ahead of the ECB meeting Thursday
If there was quiet in the international currency markets late last week, there is deafening silence Monday. The market responded only briefly to chairman of the Federal Reserve Ben Bernanke's speech on the financial summit in Jackson Hole on Friday night.
Saturday, September 1, 2012
Beware of “cheap” stocks
We are all looking for cheap stocks. Because if they are cheap, they will soon rise. So say our logic. But when is a stock cheap? Here are a review of the most common tripwires when speaking generally about cheap stocks.
The best that could be desired as a private investor is to buy a cheap stock. To buy cheap and sell expensive is what we all dream about. But just wanting to buy a cheap stock unfortunately opens for a whole series of errors that may come to cost much money.
The best that could be desired as a private investor is to buy a cheap stock. To buy cheap and sell expensive is what we all dream about. But just wanting to buy a cheap stock unfortunately opens for a whole series of errors that may come to cost much money.
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