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Positive macroeconomic indicators emanating from the US reversed the previous week’s bearish undertone, encouraging investors to make purchases in major markets across the globe for the week ended October 9. The Institute for Supply Management’s index of non-manufacturing businesses, which accounts for 90 percent of the US economy, rose unexpectedly to 50.9 in September (a [...]
The release of dismal employment data from the US triggered selling by disappointed investors across the globe. US Labor Department reported a loss of 263,000 jobs in September against a median estimate of 175,000 jobs. The unemployment rate climbed to 9.8 percent in September, the highest since 1983. Furthermore, orders placed with US factories unexpectedly [...]
The G-20 summit at Pittsburgh laid the foundation for a new forum for global economic coordination as G8 countries recognized the growing importance of emerging economies. The leaders agreed to implement financial regulatory reforms and curb bankers pay. Nevertheless, negative macro-economic indicators emanating from the US kept investors cautious for the week ended September 25. [...]
Positive macroeconomic data and encouraging statements pertaining to the economic outlook by the US Fed strengthened investor sentiment, triggering a rally in major equity markets for the week ended September 18. US retail sales increased 2.7 percent month-on-month to US$351.4 billion in August, higher than the 1.9 percent gain anticipated. Federal Reserve Bank of Philadelphia’s [...]
An increase in consumer confidence along with the rise in industrial output across key economies reversed the emerging bearish trends of last week as major indices made considerable gains for the week ended September 11, 2009. The preliminary index of consumer sentiment in the US rose to 70.2 in September from 65.7 in August while [...]
Growing caution among investors about sustainability of the rally in equities following the fragile nature of economic recovery triggered a decline in major indices across the globe for the week ended September 04, 2009. US employers cut 216,000 jobs in August, fewer than the 230,000 forecast and the least in the year. On the flip [...]
Encouraging news from across the globe kept investors bullish and major markets closed on a positive note for the week ended August 28, 2009. The US jobless claims fell by 10,000 to 570,000 for the week ended August 22, signaling improvement in the economy, while US Consumer Sentiment Index dipped marginally to 65.7 in August [...]
Markets across the US and Europe, following a marginal decline the previous week, resumed their uptrend as positive news flow kept investors bullish for the week ended August 21, 2009. Home purchases in the US rose 7.2 percent year-on-year to 5.24 million in July, the highest rise since August 2007. Furthermore, the Conference Board’s coincident [...]
US markets declined marginally, capping their first weekly loss in a month amid rising concerns that the five-month rally in equities outpaced the prospects of a revival in the economy. The US Consumer Confidence Index slipped to 63.2 in August, its lowest level since March, from 66 in July 2009. Retail sales, excluding automobiles, declined [...]
After a subdued rally last week, markets across the US and Europe reinforced their uptrend as positive macroeconomic indicators kept investors bullish for the week ended August 07, 2009. The US unemployment rate fell for the first time since April 2008 to 9.4 percent in July 2009 compared to 9.5 percent in June 2009. Payrolls [...]
