Gold prices saw a bright day

[gnutrade.satya]

Oil rose again reaching another high of $102 a barrel

Oil rose again reaching another high of $102 a barrel as supplies were disrupted at Egyptian ports. Unrest in Jordan too, in the form of reshuffle of the government also kept investor concerns high.Amrita Sen, oil analyst at Barclays, said: Geopolitics is at the forefront of the sentiment at the moment. And while we don't expect (oil ) transit to be impacted, the news of the port disruptions brings up the what-if?

 

[gnutrade.satya]

The DOW, Nasdaq and S&P fell again as the dollar weighed on stocks

The DOW, Nasdaq and S&P fell again as the dollar weighed on stocks, on the continuing unrest in Egypt and Yeman kept investors away from risky stocks. David Goerz, the San Francisco-based chief investment officer at Highmark Capital Management Inc., said: The stock market hates instability and uncertainty on the global front. Nobody really expects the ECB to actually raise interest rates before 2012. Still, investors may react to that. In the US, earnings overall continue to accelerate and the economy has been shifting from recovery to expansion. In such case, stocks look cheap.

 

[gnutrade.satya]

The FTSE , DAX and CAC rose on hope of a stable economy

The FTSE , DAX and CAC rose after falling for 2 consecutive days after upcoming American payroll numbers may rise giving hope of a stable economy.
Jeremy Batstone-Carr, strategist at Charles Stanley, said: Quite clearly, equities are deriving substantial benefit from Fed monetary policy. By keeping quantitative easing on the go, the Fed is effectively forcing investors to buy the equity market. You might as well buy high beta, and get on with it. Banks tend to benefit from higher bond yields.

 

[gnutrade.satya]

The Nikkei rose as company earnings rose

The Nikkei rose as company earnings rose and lower US unemployment numbers helped stop declines in energy stocks. Nadar Naeimi, a sydney based strategist at AMP Capital Investors Ltd, said: "The stronger than expected earnings are confirming what we're seeing in the economic data. Equity markets are still vulnerable to profit taking given the strong gains last year, as well as to building inflationary pressures.The benchmark Nikkei 225 rose 0.5 percent at 10,543.52. The Hang Seng Index fell 1.1 percent.

 

[gnutrade.satya]

The FTSE rose after banks gained

The FTSE rose after banks gained after news came in that the British government is expecting lenders to pay an extra 800 million pound as tax. Whereas, the DAX and the CAC fell a bit after China raised interest rates.
Ben Critchley, a sales trader at IG Index, said: It is likely to remain more of a political football than one actually affecting investors' views toward the major UK banks.Another expert, Joshua Raymond, market strategist at City Index, said: The move by China to hike interest rates ... is a move to curb spiraling inflation and normalize growth, not impede it."

 

[gnutrade.satya]

Asian Markets Nikkei 226 and HangSeng Index fell again

The Chinese government continued to take steps to curb inflation taking the Hang Seng and the Nikkei lower. Matt Riordon, Paradice Investment Management Pty., in Sydney , said: Theres concern that if tightening continues in China, there will be a pull back on demand. Earnings have continued to surprise on the upside. The signs of an economic recovery are clearly there.The benchmark Nikkei 225 fell 0.2 percent and the Hang Seng Index also fell 1.4 percent.

 

[gnutrade.satya]

Investors were in a hurry to take home profits causing the DOW,S&P and Nasdaq to fall

Investors were in a hurry to take home profits causing the DOW , S&P and Nasdaq to fall.Tom Wirth, senior investment officer for Chemung Canal Trust Co., said: We've had such a great run that we're seeing some profit-taking even though there's really no information out there that's taking us down. Earnings are very strong and they're what's keeping the market higher. Without Disney and Coke today, the DOW's losses would be a lot greater."

 

[4xpipcounter]

Re: Investors were in a hurry to take home profits causing the DOW,S&P and Nasdaq to

Over the next few weeks look for the DJIA explodes downward. I'm purely a technical trader, as I don't care one bit about the fundamentals. It will be a huge drop when it happens.

Investors were in a hurry to take home profits causing the DOW , S&P and Nasdaq to fall.Tom Wirth, senior investment officer for Chemung Canal Trust Co., said: We've had such a great run that we're seeing some profit-taking even though there's really no information out there that's taking us down. Earnings are very strong and they're what's keeping the market higher. Without Disney and Coke today, the DOW's losses would be a lot greater."

 

[gnutrade.satya]

The DOW,S&P and Nasdaq rose higher

The DOW , S&P and Nasdaq rose higher as investors rushed to buy equities after news trickled in that Hosni Mubarak, President of Egypt resigned, bringing cheer to Egyptian people.James Gaul, portfolio manager at Boston Advisors LLC in Boston, said: The volume suggests that maybe we're getting waning interest and a narrowing of the market. If things deteriorated in Egypt that would have created a risk for US markets, especially if the Suez Canal was closed. We've removed a short-term uncertainty and are seeing a positive reaction as a result."

 

[gnutrade.satya]

The Hang Seng rose despite the consumer price index rose again

The Hang Seng rose despite the consumer price index rose to 4.9 percent, but below expected forecast of 5.3 percent. Cheng Yi, analyst at Xiangcai Securities in Shanghai, said: The (CPI) talk is really fuelling market confidence, but we think the index has big pressure around 2,900 points, so it may fall back again a bit after tomorrow's data.The Japanese index, Nikkei also rose after good data from China boosted investor confidence.The benchmark Nikkei 225 rose 1.1 percent. The Hang Seng increased 1.3 percent to 23,121.06.