Non-farm Payrolls and the US Recovery

Published by Filipe R. Costa on Mon, 09/05/2011 - 12:45

Last Friday the Labour Department reported that non-farm payrolls in US increased by 244,000 in April. The gain was the strongest in nearly one year. The private sector is the best performing sector, adding 268,000 jobs for the month.

Equities Recovered, Nonfarm Payrolls Up

Published by Filipe R. Costa on Mon, 09/05/2011 - 11:34

Market commentary for May 6th: Last Friday markets rose after a few days of weakness. FTSE rose almost 1% to hit 5,976.80 and the Dow rose 0.43% to 12,638.74. The rise came in with some bitter taste since the market was up more than 1% before losing ground and end rising much less than that.

A Slump Across the Board

Published by Filipe R. Costa on Fri, 06/05/2011 - 11:58

Market commentary for May 5th: We assisted to another tough day across the board. Equities fall for a second day and posting significative losses with high volumes. The FTSE 100 closed at 5,920, down 1.07%, and the Dow at 12,584.17, down 1.10%.

Stay Out of Mining Stocks

Published by Filipe R. Costa on Thu, 05/05/2011 - 10:21
mining stay out

Market commentary for May 4th: Yesterday was a negative day for FTSE 100, that lost near 100 points, ending at 5,984.10, a loss of 1.62%. The mining sector was the most affected with Antofagasta, the chilean miner, leading FTSE 100 declines with a drop of 9%. In the positive side was the retail sector driven by Next. The company said it is expecting profits £15m higher than previously mentioned. Investors jumped in and drove share prices 4% higher.

Where Are We Going Now?

Published by Filipe R. Costa on Wed, 04/05/2011 - 10:33
undecided investors

US indices were under pressure yesterday and both S&P 500 and Nasdaq were not able to hold on recent highs, dropping 0.34 and 0.78% respectively. The Dow is holding tight this year when other indices are under pressure and was able to keep at the same level yesterday. After a long weekend of 4 days, British investors returned back and brought FTSE higher to 6082.90, up 0.21%

Osama Was Killed, Gold Took A Shot

Published by Filipe R. Costa on Tue, 03/05/2011 - 10:09
osama wanted

Osama Bin Laden was reported dead after an American raid in Pakistan. Ten years after the deadly Twin Towers attack often attributed to Osama, the US finally completed the objective of neutralizing one of the most wanted men in the earth and US public enemy number one. Financial markets initially reacted by rising and oil was down, but the moves were short lived.

Gold Hit a New Record

Published by Filipe R. Costa on Mon, 02/05/2011 - 12:16
gold pound

Last Friday markets were closed in the UK for the Royal Wedding. In the US markets rose again with the Dow closing at 12,810.54, up 0.37% and the S&P 500 closing at 1,363.61, up 0.23%. Equities have been rising very fast lately with the Dow edging higher almost 600 points in 8 sessions.

Countdown to Royal Wedding

Published by Filipe R. Costa on Fri, 29/04/2011 - 10:23

As the Royal wedding nears, investors want their trading sheets clean to avoid surprises when they return next week. The consequence was two straight flat sessions for FTSE, having moved down 0.02% on Wednesday, and up 0.03% yesterday, closing at 6,069.90. In contrast, US markets are on the move. The Dow started the day very shy but ended at 12,763.31, gaining 0.57%. The move puts US markets on a record high so far this year, while FTSE is still struggling to land on 6,100.

Fed Keep Rates Low, Gold Rises, Equities Follow

Published by Filipe R. Costa on Thu, 28/04/2011 - 11:30
ben bernanke thinking

It starts to be monotonous. All days the same story: equities rose, gold on record high, dollar weakened. Wednesday was no exception. Although the FTSE 100 closed flat at 6,068.16, the Dow edged higher to 12,690.96. With this move, the Dow had its better 2011 close and is up  9.62% so far in the year. The FTSE is reflecting the stagnation of the British economy having just gained less than 3% this year, much worse than the Dow.

Equities Rise and Beat a Record High

Published by Filipe R. Costa on Wed, 27/04/2011 - 11:17
climbing hand

Equities continued the trend and ended the day with significant gains. The FTSE gained 0.85% closing at 6069.40, still bellow this year high but just 21.90 points. In the other side of the Atlantic things are much better by now. The Dow closed at 12,595.37, up 0.93% and is now a this year high. The Dow is in a nearly 3-year high and is gaining 8.79% so far this year. Corporate earnings have been very good and pushing US indices higher. Yesterday was the time of Ford Motor, 3M, and UPS surprising positively.