News and Views: 07 January, 2009

US markets recovered on speculation President-elect of US Barack Obama may come up with a $775 billion package over a span of 2 years

News and Views: 06 January, 2009

On Monday,Obama is asking that tax cut make up 40 percent of a stimulus package according to a transition official and democratic aides.The measure may be worth as much as $775 billion,meaning tax cuts may constitute more than $300 billion of the legislation.

News and Views: 01January, 2009

On Friday,the first trading day of the year the shares closed higher.The rise for shares on friday came despite the first economic news of 2009 was on housing and manufacturing.

News and Views: 31 December, 2008

Tail end of the year and Stocks are on positive note. Yesterday, European stocks rose on the back of traditionally defensive telecommunication and pharmaceutical shares which were up.

News and Views: 30 December, 2008

Yesterday European bonds started off on a positive note. Government bonds rose amid speculation that slowing inflation would allow policy makers to reduce interest rates next month.

News and Views: 29 December, 2008

News and Views: 24 December, 2008

On Tuesday,  the dollar weakened against the euro before a government report that economists estimate would show sales of new U.S. homes declined to the lowest level in more than 17 years. 

News and Views: 23  December, 2008

On Monday, Asian stocks were down as commodity and financial companies were down on signs the deepening global recession is hurting corporate profits

News and Views: 22  December, 2008

On Friday, crude oil was down as a deepening global recession sapped demand, countering efforts by OPEC to boost prices.  

News and Views: 19  December, 2008

European stocks ended lower as there was a sell-off in commodity prices hit metal and energy shares while banks tumbled on fresh fears over the health of the embattled sector