Wednesday, November 27, 2013

Euro Performs, while China Outpace others

The Euro are gaining on both the yen and U.S. dollar on Wednesday, while Shanghai stocks shake off geopolitical concerns to outdo others in the region.

European stocks were poised for a subdued start with financial spreadbetters expecting flat to small gains for Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC 40 .FCHI.

The single currency touched a four-year peak against the yen and a one-month high on the dollar as speculators wrestled with major chart resistance at 138.00 yen and $1.3600. A break here would likely open the way to further gains for euro bulls.

While most share markets were subdued after a flat finish on Wall Street, China's CSI300 .CSI300 of leading Shanghai and Shenzhen A-shares stood out with a 0.9 percent gain.

Investors there seemed unperturbed by the step up in tensions over Beijing's demands that airlines inform them when flying over disputed islands in the East China Sea, a move the White House termed "unnecessarily inflammatory."

The United States responded on Tuesday by flying two unarmed B-52 bombers over the region, while ANA and Japan Airlines (9201.T) stopped sending Chinese authorities their flight plans for routes that pass through the zone.

Thursday, November 21, 2013

Regulators See Value in Bitcoin Digital Currency

Financial regulators, law enforcement, and even the chairman of the Federal Reserve show support for digital currencies at a Senate hearing.

Bitcoin is a crypto-currency that is designed to be use on the Internet. It has gained support at a U.S. Senate hearing on Monday including law enforcement, the chairman of the Federal Reserve, and financial regulators.

The value of the currency skyrocketed after the senate hearing.

Interested observers might have expected yesterday’s hearing on the potential risks, threats, and promises of virtual currencies to presage a regulatory crackdown: the hearing came just a month after the bust of Silk Road, a notorious online market that accepted bitcoins for guns, drugs, and other illicit goods. Though the hearing was nominally about digital currencies in general, the focus was really on Bitcoin, a currency that uses cryptographic techniques to allow money transfers directly between peers, rather than through a central authority like a bank or PayPal.

Thursday, November 7, 2013

Investors welcome Twitter

Investors welcome Twitter to the New York Stock Exchange, and U.S. stock futures traded with moderate losses.

Twitter is a micro-blogging service, they will begin trading Thursday under the TWTR symbol. The company priced its shares at $26 each on Wednesday, which means it will raise around $2.1 billion from the IPO amid strong demand.

Dow Jones industrial average index futures, Standard & Poor's 500 index futures and Nasdaq index futures were all down by more or less 0.1%.

Majority of Asian stock markets are weak on Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus. The Nikkei 225 index fell 0.8% in Japan.

The major European benchmarks were trading mostly flat. Germany's DAX 30 index was down 0.1% and the FTSE 100 index fell by a similar amount in the United Kingdom.