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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 US markets emphatically broke their four-week losing streak in the week ended July 17, 2009, as investors turned optimistic about economic recovery amid strong corporate earnings and US manufacturing data. Goldman Sachs reporting a record net profit of USD3.44 billion and strong earnings from Intel Corp and Johnson & Johnson allayed investors’ fears that [...]
US investors remained cautious with a negative bias for the week ended July 10, 2009, amid mixed macroeconomic signals and the anticipation of a new earning season ahead. Claims for jobless benefits fell more-than-expected for the week ended July 4, 2009, dipping below 600,000 for the first time since early January. However, the number still [...]
Optimism of an economic recovery coupled with better-than-expected macroeconomic data from leading economies pushed global equity markets to a new high during the week ended May 29, 2009. The US GDP growth contraction improved to 5.7 percent in the first quarter of 2009 as against the provisional data, which indicated a decline of 6.1 percent. [...]
The much awaited results of the stress test of the 19 US banks were released by the US Treasury on May 8, 2009. It highlighted the improving conditions of leading financial institutions. According to the result, 10 out of 19 banks, which underwent the stress test, required around US$75 billion in case of worsening macroeconomic [...]
Global equity markets had a great rally for the third successive week during the week ended March 27, 2009, as broader indices recovered majority of the losses suffered in the first two months of 2009. The US government announced a Public-Private Partnership (PPP) plan to buy toxic assets from banks to free up capital, enabling [...]
Equity markets across the globe continued to rally for the second consecutive week on the back of breakthrough initiatives taken by the US government to reduce the impact of the recession. Construction of new houses (Housing starts) gained 22.1 percent year-on-year in February for the first time in the last one year, indicating signs of [...]
