Still a green day, but the bull run slowed down dramatically in the equity markets. Gold and Oil closed unchanged, but the white precious metals made a big jump with Palladium (+2.03%) leading the pack. Also the base metals had a good gain with Lead (+1.64%) and Nickel (+1.59%) leading the group. On other big news,[…]
Today its green figures all over the board, with the European markets being very bullish on speculation that Spain may seek aid, which also led the Euro to new highs. The US markets continued its bull run, fueled by the very positive US industrial production numbers and good news on the corporate earnings front. Citigroup’s[…]
Interesting markets today and last Friday. Friday the markets were having a big sell off on all sides. Today the equity markets recovered on some hopeful news, but a lot of commodities and precious metals were taking a nosedive and continued there sell off from last Friday. It is somehow interesting that the equity markets[…]
Today has been a very interesting day on the markets with mixed news. Europe and the Euro closed stronger today on positive corporate news and the US jobs report, but it is interesting that the Spanish ratings downgrade from S&P and lingering concerns over Greece had no big effect on today’s markets. The US market[…]
An all red day again, with the only exception being Silver (+0.35%). There is continuing uncertainty about the global debt issues, especially in Europe for which IMF head Christine Lagarde sent a clear message towards the European political leaders to make some decisions. The market is clearly in “awareness mode” again, where every news can[…]
Another negative day for most equity markets around the globe, because the IMF issued a growth warning on the global economy and the European debt crisis is continuing to dominate the headlines around the world with German Chancellor Angela Merkel visiting Greece. On the other hand Oil and US Dollar are up. The US Dollar[…]
Big day for Europe and their finance ministers which are meeting in Luxembourg today. The Euro and European markets were losing on the official launch of the ESM and that Spain is holding back on its bail-out request. The first big decision from the meeting is that the Eurogroup approves an EUR 4.3 billion aid[…]
Today the US Job numbers dominated the market and its direction. The European markets closed solidly higher after the positive jobs report, but most commodities were beaten down all day. The US markets opened high in the beginning but closed near zero or negative in the end, because some index heavyweights pulled the index down.[…]
Dear Blog followers, After a busy year of transition and reorganization we want to relaunch our Market Update articles and will start today! We have seen the European Markets go sideways after Mario Draghi announced that it will continue to keep interest rates at very low levels and that they stand ready to buy Spanish[…]
Dear PGM CAPITAL Blog reader, In our efforts to provide you with the best and ahead-of-the curve information, market analysis and updates, we have today, July 5th 2011 launched our Facebook Site. On this site we’ll post and forward important financial information from third parties as well as from our blog, to enable you to[…]