Goodbye to the year 2013
Let us leave the Memories of the Past behind
We now Welcome The Brand New Year of 2014
Let us all Look Forward
To a year Full Of Promises and Love.
Tuesday, December 31, 2013
Thursday, December 26, 2013
Dollar Gains vs Yen in Asia
The US dollar soar against Yen to a 5-year high in trading in Asia Thursday because of a strong Japanese share prices. US dollar climb to 104.85 yen in early trade, its highest since October 2008, before settling at 104.71 yen.
On Wednesday, it was 104.39 Yen. Trading in New York is close for Christmas holiday. The Euro stands at $1.3679 and 143.27 yen against $1.3668 and 142.71 yen on Wednesday in Tokyo.
Strong Japanese stock prices were a major market-moving factor. The benchmark Nikkei index ended at a six-year high of 16,174.44, up 1.03 per cent.
Many stock markets globally have been rising as more signs of a US economic recovery emerge.
In other news, China will aim for 7.5% growth in 2014 as exports recover. Their growth will rely on a steady recovery of China's exports next year, they benefited on the stronger demand from developed economies, the commerce ministry said.
On Wednesday, it was 104.39 Yen. Trading in New York is close for Christmas holiday. The Euro stands at $1.3679 and 143.27 yen against $1.3668 and 142.71 yen on Wednesday in Tokyo.
Strong Japanese stock prices were a major market-moving factor. The benchmark Nikkei index ended at a six-year high of 16,174.44, up 1.03 per cent.
Many stock markets globally have been rising as more signs of a US economic recovery emerge.
In other news, China will aim for 7.5% growth in 2014 as exports recover. Their growth will rely on a steady recovery of China's exports next year, they benefited on the stronger demand from developed economies, the commerce ministry said.
Wednesday, December 25, 2013
Merry Christmas!
May this day bring you health and success. May you and your family experience God’s loving embrace. Merry Christmas to all!
Thursday, December 19, 2013
As Fed Deflates Gold Plunges Below $1,200
Prices of Gold an ounce dropped below $1,200 which is a 5 month low at the time that the Federal Reserve pare down the economic stimulus that reduced that reduce the demand for haven assets.
The stimulus propped up the prices of gold to 70% from December 2008 to June 2011 as the Fed expanded its balance sheet through debt purchases that fueled expectations of accelerated inflation and a weaker dollar.
Bullion for immediate delivery is down by 1% to $1,205.98 an ounce by 10:31 a.m. in London after dropping as much as 1.5% to $1,199.63 an ounce, the lowest since June 28. Prices tumbled into a bear market in April and are heading for the first annual drop in 13 years, as investors lost faith in gold. Prices plunged as much as 38% since reaching a record $1,921.15 an ounce in September 2011.
Gold exchange-traded products lost $72.44 billion in value since the start of the year and mining companies wrote down at least $26 billion after investor appetite waned.
The stimulus propped up the prices of gold to 70% from December 2008 to June 2011 as the Fed expanded its balance sheet through debt purchases that fueled expectations of accelerated inflation and a weaker dollar.
Bullion for immediate delivery is down by 1% to $1,205.98 an ounce by 10:31 a.m. in London after dropping as much as 1.5% to $1,199.63 an ounce, the lowest since June 28. Prices tumbled into a bear market in April and are heading for the first annual drop in 13 years, as investors lost faith in gold. Prices plunged as much as 38% since reaching a record $1,921.15 an ounce in September 2011.
Gold exchange-traded products lost $72.44 billion in value since the start of the year and mining companies wrote down at least $26 billion after investor appetite waned.
Friday, December 13, 2013
US stocks Falls
On Thursday US stocks closed lower after a good retail sales report that raised speculation that the US Federal Reserve could soon lessen its stimulus program.
The Dow Jones Industrial Average fell 104.10 points (0.66 %) to 15,739.43.
The broad-based S&P 500 declined 6.72 (0.38 %) to 1,775.50, while the tech-rich Nasdaq Composite Index gave up 5.41 (0.14 percent) at 3,998.40
Thursday marked the third straight day of losses after strong gains throughout the year.
The retail sales data follows better economic reports on growth and unemployment. These reports have led to speculation the Federal Government might lessen its $85 billion a month bond-buying program at its policy meeting that wraps up Wednesday.
Hotel chain Hilton Worldwide made a successful return to the stock market, gaining 7.5 percent to $21.50 on its first day of trading following its IPO price of $20.
Social networking company Twitter go up by 5.7% after it unveiled a new form of online advertising through its MoPub platform.
Facebook rise 5.0% after the S&P 500 announced the company would be added to the prestigious index after the close of trade Friday.
Technology company Oracle fell 2.8% after RBC Capital slashed its rating to "sector perform" from "outperform," citing tough competition from other cloud computing vendors and spending concerns in China. Morgan Stanley also downgraded Oracle due to uncertain growth prospects.
Women's sports attire chain Lululemon Athletica dived 11.7% after issuing a disappointing profit forecast for the fourth quarter. Lululemon projected profits of 78-80 cents per share, below the 84 cents seen by analysts.
General Motors fell 0.3% after announcing it was selling its remaining stakes in Ally Financial and French automaker PSA Peugeot Citroen.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.88 percent from 2.84 percent Wednesday, while the 30-year increased to 3.90% from 3.88%. Bond prices and yields move inversely.
The Dow Jones Industrial Average fell 104.10 points (0.66 %) to 15,739.43.
The broad-based S&P 500 declined 6.72 (0.38 %) to 1,775.50, while the tech-rich Nasdaq Composite Index gave up 5.41 (0.14 percent) at 3,998.40
Thursday marked the third straight day of losses after strong gains throughout the year.
The retail sales data follows better economic reports on growth and unemployment. These reports have led to speculation the Federal Government might lessen its $85 billion a month bond-buying program at its policy meeting that wraps up Wednesday.
Hotel chain Hilton Worldwide made a successful return to the stock market, gaining 7.5 percent to $21.50 on its first day of trading following its IPO price of $20.
Social networking company Twitter go up by 5.7% after it unveiled a new form of online advertising through its MoPub platform.
Facebook rise 5.0% after the S&P 500 announced the company would be added to the prestigious index after the close of trade Friday.
Technology company Oracle fell 2.8% after RBC Capital slashed its rating to "sector perform" from "outperform," citing tough competition from other cloud computing vendors and spending concerns in China. Morgan Stanley also downgraded Oracle due to uncertain growth prospects.
Women's sports attire chain Lululemon Athletica dived 11.7% after issuing a disappointing profit forecast for the fourth quarter. Lululemon projected profits of 78-80 cents per share, below the 84 cents seen by analysts.
General Motors fell 0.3% after announcing it was selling its remaining stakes in Ally Financial and French automaker PSA Peugeot Citroen.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.88 percent from 2.84 percent Wednesday, while the 30-year increased to 3.90% from 3.88%. Bond prices and yields move inversely.
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