5 January, 2015 by The TZ Newswire Staff Comments Off on Currencies: Yen climbs against euro, dollar as investors stay wary
Currencies: Yen climbs against euro, dollar as investors stay wary
More weakness in oil prices and concerns about the political situation in Greece strengthen caution in markets, fueling safe-haven buying of the yen.
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5 January, 2015 by The TZ Newswire Staff Comments Off on Some Iranians gain from sanctions: Economist
Some Iranians gain from sanctions: Economist
Iran’s government actually benefits from sanctions as they provide an excuse for the country’s economic difficulties, an ex-presidential adviser said.
5 January, 2015 by The TZ Newswire Staff Comments Off on Sony chief hits at ‘vicious’ cyber attack
Sony chief hits at ‘vicious’ cyber attack
Sony chief executive said that employees at its movie studio were victims of one of the most “malicious cyber attacks that we have known”. The FT reports.
5 January, 2015 by The TZ Newswire Staff Comments Off on MSCI World ETF and NYSE Composite Violate their 12-month Moving Averages. Is This the Start of a Primary Bear Market?
MSCI World ETF and NYSE Composite Violate their 12-month Moving Averages. Is This the Start of a Primary Bear Market?
– Much expected Santa Rally did not happen and that’s bearish – MSCI Europe Australia Far East ETF right on the brink of a major breakdown – Small caps may have experienced a false upside breakout – Chinese ETF breaks out big time on both an absolute and relative basis In my mid-December roundup I pointed out that December is the most bullish month of the year for equities and also stated that…
5 January, 2015 by The TZ Newswire Staff Comments Off on Oil drama drives shares lower in Asia and Europe
Oil drama drives shares lower in Asia and Europe
European shares sank for a third day on Tuesday as a slide in oil prices showed no sign of easing off, supporting traditional safe-haven assets such as top-rated government bonds, the Japanese yen and …
5 January, 2015 by The TZ Newswire Staff Comments Off on Brent holds below $53 as oil falls to new five-and-a-half-year low
Brent holds below $53 as oil falls to new five-and-a-half-year low
Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified. Brent crude held below $53 a barrel …
5 January, 2015 by The TZ Newswire Staff Comments Off on China December HSBC services PMI at three-month high, more stimulus still seen
China December HSBC services PMI at three-month high, more stimulus still seen
China’s services sector grew at its fastest pace in three months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows …