Gold Rush

Published by Filipe R. Costa on Tue, 26/04/2011 - 17:59
gold rush

Yesterday markets were closed in the UK and moved slightly in the US in a low volume session. The Dow closed at 12,479.88, 0.21% down from last session and S&P 500 closed at 1335.25, also down a little from last week's session. The long weekend mixed with the holiday in the UK resulted in a flat day with many investors still out of the market.

Some Gains For Easter

Published by Filipe R. Costa on Fri, 22/04/2011 - 16:00
easter eggs

On the last trading day before Easter, the FTSE ended flat losing 0.07%, closing at 6018.3. In the other side of the Atlantic, investors were more optimistic and drove the Dow up by 0.42% to close at 12505.99.

Corporate Earnings Lifted Markets

Published by Filipe R. Costa on Thu, 21/04/2011 - 10:31

After a bad start in the earnings season, we have been assisting to an excellent streak of positive reports lately. Yesterday was the time for Intel, United Technologies and IBM. The giants reported favorable earnings and helped lifting investor's sentiment that was profoundly affected by last Monday's downgrade of US debt outlook by S&P.

First Down, Then Up Again

Published by Filipe R. Costa on Wed, 20/04/2011 - 10:20
roller coaster

What a difficult to predict world and markets! One day we go down with all steam and the following day we just go the other way. For whom has been around this year, this is not a new situation. Going down, and up, and down again, in a roller coaster way is something we are getting used to.

What A Scare The Chinese Have got!

Published by Filipe R. Costa on Tue, 19/04/2011 - 12:39

S&P ratings agency continues to surprise everyone by keeping very active in terms of sovereign debt downgrades. After the European round that led Portugal to ask for financial aid, now is the turn for the US. The credit agency said yesterday the outlook for US debt is now negative. Although that is not a downgrade on the bullet proof AAA rating for the country, it represents a probability of 1 to 3 of a credit downgrade during the next two years. This is not the kind of news investors were expecting for a quiet Easter week, and they reacted violently by bringing markets down.

Michigan Consumer Confidence Impact in Equities

Published by Filipe R. Costa on Mon, 18/04/2011 - 12:00

Last Friday was released the University of Michigan Consumer Sentiment Index for April. The index rose to 69.6 from 67.5 in March, and more importantly it came out better than the 66.5 expected. Although 69.6 is still far from this year registered high of 77.5 in February, investors considered the value as being very positive. What could you have done to profit from this?

Gold, Hold, Hold

Published by Filipe R. Costa on Mon, 18/04/2011 - 11:11
gold coins

Friday was a positive day for equity markets, with FTSE closing at 5,996, up 0.54% and the Dow up 0.46% to 12,341.83. During the morning markets were a little shy but after US reports on Industrial Production and Mich Sentiment, markets rose substantially.

Something Is Holding The Markets

Published by Filipe R. Costa on Fri, 15/04/2011 - 11:06

The FTSE closed again bellow the 6,000 level, this time at 5,963.80, losing 0.78%. After closing at 6091.30 in February, the FTSE was not able to beat the number again. It certainly approached it but things haven't returned to the same after the large losses suffered on Japan's earthquake. In overseas, things have been a little different, and the Dow is holding tight, very tight. After being 100 points into the red, the Dow climbed the mountain and closed positive, gaining 0.12%. It is like if someone was keeping a tight rope not letting the Dow fall.

High Speed Train Is Now a Slow Two-Horse Coach

Published by Filipe R. Costa on Thu, 14/04/2011 - 10:56
slow carriage

Equity markets have been rising fast in April's second fortnight. After that, we have seen the Dow surpassing its previous highs but with a lack of confidence, leading it to bounce back. The last 10 sessions have seen a change of just 1.04% for FTSE and -0.64% for Dow. As soon as something rises, it retreats the next minute.

Equities Down, Commodities Follow

Published by Filipe R. Costa on Wed, 13/04/2011 - 11:08

Yesterday we assisted to a free fall in equity markets. FTSE ended the day losing 1.47% and again closing bellow 6,000 at 5,964.50. Since 16 March that we haven't seen such a decline in a single day. In the US, equity indices also ended the day with big losses. The Dow retreated 0.95% and S&P 0.78%.