Category Archives: Banking

Banking

Euro Plan Sends Oil Higher –

Posted on 30. June 2012 by Jim Sutliff

European leaders announced plans to address the debt crisis and the news was well received by investors.  U.S. and European stocks rose and crude oil increased by over 9%.  Crude oil traded at almost 85$ a barrel on Friday which … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, Gasoline, General, Investments, Oil, Options & Futures, Stocks, Trading, Treasury | Leave a comment

Euro Debt Crisis Drives Crude Oil Lower –

Posted on 25. June 2012 by Jim Sutliff

The European debt crisis continued to weigh on crude oil prices in Monday trading.  Crude oil prices fell below $79 ahead of a two day meeting of European Union leaders.  Oil also fell as Tropical Storm Debby showed signs of weakening.  Oil … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, General, Investments, Natural Gas, Oil, Options & Futures, Trading | Leave a comment

Spain Bond Yields Rise Above 7% –

Posted on 18. June 2012 by Jim Sutliff

Yields rose for Spanish bonds and traded above 7% on Monday.  The Euro also came under pressure and traded below $1.26 after rising in early trading.  The Euro also fell in trading against the Japanese Yen.  Election results in Greece worked … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, General, Interest Rates, Investments, Options & Futures, Trading, Treasury | Leave a comment

OPEC Holds Output Steady –

Posted on 15. June 2012 by Jim Sutliff

OPEC has announced that the production ceiling will remain unchanged at 30 million barrels a day.  OPEC output for the month of May was above the production ceiling at 31.75 million barrels a day.  Global economic growth concerns were a contributing factor … Continue reading →

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Stocks Advance –

Posted on 11. June 2012 by Jim Sutliff

The Dow Jones Industrial Average came out of the gate strong and gained almost 100 points before pulling back in Monday morning trading.  Traders viewed European support for Spain banks positively and European markets were also higher.  Elections in Greece … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, General, Investments, Stocks, Trading | Leave a comment

Gold Tumbles –

Posted on 8. June 2012 by Jim Sutliff

Gold tumbled in trading on Thursday and fell $46.20 an ounce to $1,588.  Silver and copper also fell in trading on Thursday.  Gold rebounded slightly on Friday and increased $7.10 an ounce. To read a related Bloomberg Businessweek article, please … Continue reading →

Posted in Banking, Currency, Economic News, Federal Reserve, General, Investments, Natural Gas, Oil, Options & Futures, Trading, Treasury | Leave a comment

Treasury Yields Drop –

Posted on 3. June 2012 by Jim Sutliff

Treasury Yields finished the week lower on Thursday as well as Friday.  Yields for the ten year Treasury fell below 1.50% by the end of the week.  Investors shifted to the safety of US Treasuries as concerns grew regarding the European debt crisis.  Yields for German … Continue reading →

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Crude Oil Closes Below $90 –

Posted on 30. May 2012 by Jim Sutliff

Crude oil fell slightly on Tuesday and closed below $90 a barrel.  Traders weighed European economic concerns and the possibility of rising levels of crude oil inventory.  The Euro was also trading lower against the U.S. Dollar. To read a related Wall Street … Continue reading →

Posted in Banking, Currency, Earnings, Economic News, Euro, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Euro Declines –

Posted on 27. May 2012 by Jim Sutliff

The Euro declined more than 2% this week and traded below $1.25 on Friday.  The last time that the Euro traded at this level was July 2010.  Elections will be held in Greece on June 17th and the results are likely to have an impact on … Continue reading →

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Yield Falls On Ten Year TIPS –

Posted on 17. May 2012 by Jim Sutliff

The yield on 10 year Treasury Inflation Protected Securities (TIPS) fell into negative territory for only the third time in history. A recent U.S. government sale of $13 billion in 10 year TIPS sold at a negative yield of 0.391%. … Continue reading →

Posted in Banking, Bonds, Economic News, Federal Reserve, General, Interest Rates, Investments, Options & Futures, Trading, Treasury | Leave a comment

Euro Trades Lower –

Posted on 15. May 2012 by Jim Sutliff

The Euro traded at $1.2752 which is the lowest mark since January 18th.  The Euro has fallen in five of the last six trading sessions.  Ten year yields on Italian and Spanish debt rose to 6% in trading.  GDP in … Continue reading →

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Gasoline Inventories Fall –

Posted on 9. May 2012 by Jim Sutliff

Gasoline inventories declined 2.6 million barrels and distillate inventories fell 3.3 million barrels.  The Energy Information Administration also indicated that crude oil increased 3.7 million barrels which was greater than the 2 million barrel increase expected by analysts.  Inventories of … Continue reading →

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Elections May Rattle Currency Markets –

Posted on 7. May 2012 by Jim Sutliff

Elections in France and Greece may impact the Euro in the near term.  France elected Francois Hollande of the Socialist party by a slim margin over President Nicholas Sarkozy.  Hollande is not expected to support austerity measures.  Hollande is the first … Continue reading →

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Manufacturing Data Sends Oil Higher –

Posted on 1. May 2012 by Jim Sutliff

According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months.  The data sent crude oil prices higher in trading on Tuesday.  Crude oil prices rose above the 50 day moving average of $105.21 a … Continue reading →

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Spain Credit Ratings Lowered –

Posted on 26. April 2012 by Jim Sutliff

Standard & Poor’s lowered the credit rating of Spain to BBB+ from A.  The two notch downgrade is partially due to the risks associated with the government debt.  In addition, Standard & Poor’s discusses concerns relating to budget projections and the banking … Continue reading →

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