8 December, 2014 by The TZ Newswire Staff Comments Off on Yuan headed for biggest single-day loss since 2008
Yuan headed for biggest single-day loss since 2008
The Chinese yuan fell sharply against the U.S. dollar on Tuesday as tight onshore liquidity conditions fueled rising expectations of further monetary easing, according to analysts.
8 December, 2014 by The TZ Newswire Staff Comments Off on Monday Market Wrap
Monday Market Wrap
The stock market slumped on Monday as the S&P 500 ended lower by 0.7% with seven sectors in the red. Equity markets around the world started the new week on a mostly lower note. However, continued hopes for stimulus from the PBoC sent China’s Shanghai Composite higher by 2.8% to extend its gain over the past month to 25.0%.
693 stocks were down 4% or more for the day, 259 were oil & gas related names.
8 December, 2014 by The TZ Newswire Staff Comments Off on Asia stocks extend U.S. slump amid oil rout
Asia stocks extend U.S. slump amid oil rout
Asia equities joined Wall Street’s decline Tuesday as traders eyed tumbling commodity prices.
8 December, 2014 by The TZ Newswire Staff Comments Off on Congress will avoid govt. shutdown if ‘idiot politics’ don’t interfere: Blodget
Congress will avoid govt. shutdown if ‘idiot politics’ don’t interfere: Blodget
Despite the drama the 113th Congress has enjoyed over the past two years, a spending bill to keep the government funded into the new year is widely expected to pass by Thursday’s deadline.
8 December, 2014 by The TZ Newswire Staff Comments Off on Chris Rock: Bring The Pain Of Economic Ignorance
Chris Rock: Bring The Pain Of Economic Ignorance
8 December, 2014 by The TZ Newswire Staff Comments Off on PBOC Tries To Pop Equity Bubble, Tightens FX & Slashes Collateral/Margin Availability; Yuan Crashes Most Since 2008
PBOC Tries To Pop Equity Bubble, Tightens FX & Slashes Collateral/Margin Availability; Yuan Crashes Most Since 2008
Unlike the Federal Reserve – which openly encourages speculative wealth creation/redistribution and has never seen an equity bubble it didn’t believe was contained – the PBOC appears, by its actions tonight, to be concerned that things have got a little overheated in its corporate bond and stock markets as hot money ripped into the nation’s capital markets on hints of further easing and QE-lite a few months ago.
8 December, 2014 by The TZ Newswire Staff Comments Off on Why Oil Prices Plunged to Their Lowest Level Since the Financial Crisis
Why Oil Prices Plunged to Their Lowest Level Since the Financial Crisis
Oil continues its freefall in the largest and sharpest drop since the credit crisis. Find out what happened today and what it might mean for your portfolio.