Markets Rose Despite Disappointing Data

Published by Filipe R. Costa on Fri, 27/05/2011 - 10:40
resume available

Market commentary for May 26th: Equity markets rose on Thursday despite disappointing economic data. US second estimate of GDP growth for the 1Q 2011 was held at the prior level of 1.8%. Economists were pointing to a 2.1% rise.

US GDP Disappoints, Jobless Claims Rising

Published by Filipe R. Costa on Thu, 26/05/2011 - 15:44
unemployment keep out

The Bureau of Economic Analysis reported today that US GDP grew at an annual rate of 1.8% in the 1Q. The rate was unrevised and disappointed investors that were expecting a 2.1% growth. Intiial jobless claims rose.

Which Way To Go?

Published by Filipe R. Costa on Thu, 26/05/2011 - 09:50
which way to go

Market commentary for May 25th: Latest days have been full of emotions in the equity markets. We start one way, then go another and end reversing direction again. Tuesday night, during the Asian session, we experienced a massive sell-off in the US index futures.

Inter Trader Review

Published by Filipe R. Costa on Wed, 25/05/2011 - 12:30
inter trader

Inter Trader is part of the family. The group has a long history in the entertainment and gaming industry and was formed from the merger between two giants: bwin Interactive Entertainment AG (Austria) and Party Gaming Plc (UK).

Blaming The Greek Is The Easier Way

Published by Filipe R. Costa on Wed, 25/05/2011 - 11:01
greek debt

Market commentary for May 24th: The Greek are in a very difficult situation and shaking Europe. The Euro has been under pressure and there are raising concerns over a possible Government default and a propagation of a debt crisis through the banking system. But is that the reason for the recent weakness of the Euro and equities?

Swissy is Safer Than Anything

Published by Filipe R. Costa on Tue, 24/05/2011 - 12:05

Market commentary for May 23rd: Sovereign debt downgrades continue to mark these days. Standard and Poors put Italy on negative outlook, Fitch shifted Belgium to negative outlook, and the Chinese rating agency Dagong dowgraded UK debt from AA- to A+and also changed outlook to negative.

Linkedin and the New Tech Bubble

Published by Filipe R. Costa on Mon, 23/05/2011 - 11:52
linkedin IPO

Linkedin has just seen its shares going into the NYSE last Thursday. The company’s IPO was valued at $45 per share but soon after the first day of trading it was valued at more than double that price. Are we going to assist to another tech bubble? Or are Linkedin prospects really good?

Downgrades And More Downgrades and Even More...

Published by Filipe R. Costa on Mon, 23/05/2011 - 10:18
game over

Market commentary for May 20th: Equities were down in UK and US in a day without relevant economic data. In the US Staples and Gap disappointed investors and both suffered heavy losses of more than 15% and drove down retailers. US equities started the day down but recovered at midday. Nevertheless the recovery was short-lived and markets lose strength near session's end. The Dow closed at 12,512.04 losing 0.74%.

Linkedin Shares Soars, Stocks Up For Second Day

Published by Filipe R. Costa on Fri, 20/05/2011 - 09:43
linkedin IPO

Market commentary for May 19th: Linkedin is the most recent billion dollar IPO. The company was priced at $45 but at the end of the first trading day was up by more than 100% to close at $94.25. Shares ended higher yesterday, with the FTSE up 0.55% and the Dow 0.36%, although we have assisted to a lack of direction.

Return To Winning Days

Published by Filipe R. Costa on Thu, 19/05/2011 - 11:15
fcporto wins uefa

Market commentary for May 18th: Yesterday was a reversal day for FTSE after 5 long losing days. The British index smiled at investors with a 1.07% gain and returned back to positive terrain this year. So did FC Porto. Eight years after winning the UEFA Cup and seven after UEFA Champions League, the Portuguese club returned to European wins and defeated Sporting Braga, in an unusual clash that widely contrasts with the country economic situation.