Asian stocks fall as China heads towards banking crisis
Asian stocks declined early on Monday as the region fell deeper into financial uncertainty. After the worse than expected data that came out of China at the back end of last week, China saw its forecast for growth slashed by Goldman Sachs. Investors saw this as a signal that the country could be about to enter a banking crisis of a magnitude that Asia More...
Week in Review: 17th – 21st June 2013
In last week’s edition of The Advance we almost exclusively covered the Federal Reserve’s meeting of policymakers, suggesting that the beginning of the week would be slow and the backend of the week More...
US stocks rebounds to end week on a high
Highlights: S&P500 and DJIA advance, NASDAQ slips Tech stocks fall Dell reject $14 offer of 3rd party shares US stocks rebounded from Thursday’s declines of 2.5 percent, shaking off its biggest More...
FTSE 100 declines as stimulus hits Europe
Highlights: FTSE slides for fifth consecutive week RBS plummets 7.2 percent on speculation of a break up Analysts predict that declines should end soon The FTSE 100 slid again today, completing a straight month More...
S&P 500 retreats on Federal Reserve tapering
Hightlights: DJIA and S&P 500 declined by 2.3% and 2.5% All sectors register declines DJIA failed to find a single constituent with gains at the close of play US stocks joined equities from across the More...
News from the US and China gets the better of the FTSE 100
Highlights: FTSE 100 slides by almost 3% Miners plummet on concerns of Chinese demand Decline is biggest single day drop in almost 2 years Fresh news from the world’s two largest economies drove the FTSE More...
Federal Reserve to begin winding down bond purchasing program
The Federal Reserve and its chairman, Ben Bernanke, today announced the results of its June meeting. While there were many items on the agenda, one stood head and shoulders above the rest – the continuation and More...
US stocks hit by Ben Bernanke’s announcement
US stocks declined by 1 percent on the back of Ben Bernanke’s confirmation that the central bank for the world’s largest economy could begin to taper their quantitative easing within the next six months More...
FTSE 100 snaps four-day rally on US concerns
The FTSE 100 ended down today, registering a loss of 25.39 points, or 0.4 percent, closing at 6348.82. There was an air of uncertainty on the London Stock Exchange as investors awaited the results of the Federal More...
US benchmarks advance by almost 1%
As the Federal Reserve began its two-day meeting, of which the highlight will undoubtedly be the continuation of the central bank’s $85 billion a month monetary stimulus package, US stocks climbed higher, More...