GM ha filed registration papers for their long awaited IPO. The initial public offering is reported to include preferred as well as common stock. This will provide the government with an opportunity to sell a portion of their stake in the firm as a result of the bailout.
To read a related Wall Street Journal article, [...]
China is starting to make moves away from the U.S. Dollar and towards the Euro and the Yen. Concerns relating to the U.S. economy were cited as one of the reasons. China has the largest foreign exchange reserves amounting to $2.45 trillion.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-08-15/china-favors-euros-over-dollars-as-bernanke-shifts-course-on-fed-stimulus.html
Jim Sutliff
Stocks tumbled on economic data and fears of relating to global growth. The Dow finished 265 points lower on the day with all 30 Dow components declining. Also, the Euro fell against the Dollar as investors looked for safe havens. Slow trading at the end of summer may make for wider market swings.
To read a related [...]
Oil moved above $81 a barrel on manufacturing data and an improved outlook for Chinese growth. Manufacturing data fell but not as much as expected and that was one factor in the brief rise in crude oil. A strong performance in global equity markets also indicated to some traders that the economy was improving which [...]
Treasury notes continued their gain for a fourth straight month. Two year yields fell for a 9th straight week to the lowest rate ever recorded. Slow economic growth and the possibility of a moderate economic recovery have led investors to Treasury notes.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-07-31/treasury-notes-climb-for-fourth-straight-month-as-economic-growth-slows.html
Jim Sutliff
To get a quick overview of the markets take a look at the Markets Brief on Forbes. It provides news and insights on domestic and global markets. The report also provides valuable information on earnings reports and views from analysts regarding economic events.
To visit the Forbes Markets Brief, please click here:
http://www.forbes.com/markets/marketsbrief/
Jim Sutliff
Jim Rogers is saying to sell bonds and to buy precious metals. Rogers predicted the commodities rally back in 1999 and is a frequent commentator on investment programs. His advice includes buying rice or silver and he also thinks the gold will hit $2,ooo an ounce. The gold price prediction did no tmention a date for [...]
The market continued to decline on Thursday on concerns of an economic slowdown. Stocks, commodities, and the Dollar all retreated on economic data. A poor economic picture was painted by numbers from manufacturing, home sales, and jobless claims.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-06-30/asian-stocks-won-drop-on-concern-recovery-is-faltering-bond-risk-climbs.html
Jim Sutliff
Medvedev is pushing for the Russian Ruble to be a reserve currency which would cut into the dominance of the U.S. Dollar. His wish is to make Moscow a global financial hub and to help lift an ailing Russian economy. The Russians saw their GDP shrink 7.9% last year and that marked the worst decline [...]
European banks are facing another round of sovereign debt concerns. Some analysts believe that European banks that have exposure to Greek, Portuguese, and Spanish bonds may have to writedown values. Some firms are leaving cash with the central bank and not lending the funds to counterparties. One reason would be a concern that the counterparty [...]
Twitter Forbes Market News Forbes Headlines