November 30, 2012

    German Vote Approves Greek Support

    By / November 30, 2012

    Market Comment Markets are unchanged today even as almost all economic data from Europe, Canada and the US missed expectations. Germany Approves Greek Support The German Parliament has approved Greece’s third bailout package, paying off bondholders and supporting banks. The vote was resoundingly in favor of approval: 473 vs. 100 against. €44 billion will be released to Greece as part of the aid. Dismissing the old adage “Beggars can’t be choosers”, Greek banks have listed… Read more

    Investors Optimistic Ahead of Fiscal Cliff

    By / November 29, 2012

    Market Comment Markets are on the rise yet again on blind optimism that the US fiscal cliff will be avoided or at least spread over a number of years and the looming sharp recession will be averted. Optimism Leading Up To Fiscal Cliff Stocks rose yesterday following comments by Obama and Speaker of the House John Boehner fueling optimism that a deal will be reached on the fiscal cliff before the Bush Tax cuts and… Read more

    RIM Loses Market Share

    By / November 28, 2012

    Market Comment Markets are trading in the red today, continuing yesterday afternoon’s selloff. Equities took a turn for the worse yesterday afternoon following comments by US Senator Harry Reid, outlining his disappointment in progress on the US fiscal cliff as the US debt ceiling fast approaches. RIM Shares Plummet Shares in Research in Motion are down 3.25% in pre-market trading following yesterday’s 10.5% selloff. RIM shares began their freefall following a Bloomberg article indicating that… Read more

    New Greek Deal

    By / November 27, 2012

    Market Comment Markets are mixed with equities quietly adding risk this morning. European leaders have seemingly hashed out another deal to end all deals for Greece and the Bank of England announced that Bank of Canada governor Mark Carney will be taking over the reins. New Greek Deal The European finance ministers were able to put together another deal to save Greece and avoid mass contagion across southern Europe. The new package for Greece will… Read more

    Market Comment – Markets are trending towards risk-off">

    Market Comment – Markets are trending towards risk-off

    By / November 26, 2012

    Market Comment Markets are trending towards risk-off this morning following a vote for independence in Spanish region Catalonia, and more unease in the Middle East. Catalonia Votes For Independence Voters in Catalonia have voted resoundingly in favor of independence from Spain. Although it remains unlikely that Catalonia will actually gain independence, it will be increasingly difficult for Spanish PM Rajoy to gain support in austerity and debt reforms. The Egyptian stock exchange dropped 10% today… Market Comment – Markets are trending towards risk-off“>Read more

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