Oil company Stocks Rally Put an End to 5-day losing streak

The prices of the crude were up that pulled the stock market out of a 5 day slump. Oil prices were up yesterday as a result of the International Energy Agency statement that drillers will be cutting production this year.

The S&P 500 index increase by 26.75 points or 1.3% that ended at 2,019.42. The Dow Jones industrial average increase by 190.86 points or 1.1% to close at 17,511.57, and the Nasdaq rose 63.56 points or 1.4% to 4,634.38.

Anastasia Amoroso, a global market strategist at JP Morgan Asset Management said that “There has been a lot of conflicting information to digest, recently”, “Are low oil prices a good or a bad thing?” “For stocks, deflation is not so great.”

Benchmark US crude were up yesterday by $2.44 to close at $48.69 a barrel in New York trading. Brent crude, a benchmark for international oil used by many US refineries, added 31 cents to $50.17 in London.

UK markets Lost more than £30 billion, Euro dips to 9-yr low, Brent crude oil drops below $50

The world economy is in chaos as the value of UK firms plunge losing more than £30 billion on Monday as world markets felt the effects of Greece potentially leaving the euro currency.

London’s FTSE 100 index lost 130.64 points closing at 6417.16, wiping out around £33.2 billion from the UK’s leading blue chip firms.

The euro has fallen to a 9-year low since the beginning of 2015, as recessions continue to hit the weakest countries in Europe, which includes France, Portugal and Spain. The euro is now worth around $1.186 US dollars. The collapsing oil prices didn't help as investors put their money in safe-haven sovereign debt. Brent crude drops below the $50 barrier, losing more than a dollar to $49.92 a barrel just before 3. a.m. ET, it has reached the levels last seen in May 2009, although prices went back above $50 later.

U.S. futures CLc1 lost 75 cents to under $47.20 a barrel, their lowest since April 2009, after already completing the drop below $50 earlier in the week.

HAPPY NEW YEAR 2015

When the midnight bell rings tonight…
Let it signify new and better things for you,
let it signify a realization of all things you wish for,
Let it signify a year of courage and believes,
Wishing you a very...very...very prosperous New Year

Merry Christmas! 2014

Christmas is a Blessed season of hope, joy, and love that engages the whole world! Let us share our blessings to the less fortunate!

Russia Economic Crisis

Russia hiking their interest rate failed to rescue the free-falling rouble and it may lead to full-blown currency crisis. Russian Central Bank had an emergency midnight meeting and raised their interest rates by 6.5%.

Deputy governor of Russia’s central bank Sergei Shvetsov said “Believe me, the choice that the central bank council made yesterday was a choice between the very bad and the very, very bad.” They don't have a choice but push the economy closer to a deep slump by hiking borrowing costs, they just could not sit back and do nothing as the rouble slump further.

Shvetsov added that, it was just a very bad day.

Their strategy to shock the interest rates up from 10.5% to 17% in one go was a one big flop. The Russian currency ended another turbulent day’s trading below where it started and plumbed new record lows against the US dollar. Russia has been spending the past nine months fighting an economic war against the US and Europe's selfish sanctions. This Tuesday December 16 they clearly lost.

Russia should say what the hell and begin dumping US Debts and US dollars and take everyone with him.

Oil Slips a new Affects European stocks

U.S. crude oil sustained heavy loses as it slip further to under $60 a barrel. Brent crude has recorded its five and a half year low and on its way for sharp weekly loss. Europe stocks are glowing red, while German 10-yr bond yield at record low.

Falling crude oil prices have exposed weakness in U.S. high yield markets and increase volatility across asset classes.

The STOXX Europe 600 Oil & Gas Index went down about 1% in early trading, it pulled down the pan-European FTSEurofirst 300 index to 1,347.45 points. The euro zone's blue-chip Euro STOXX 50 index slide by 0.8% to 3,133.36 points with political concerns over Greece also hurting European stocks.

Global crude prices went down in recent weeks because of enormous oversupply, raising fears that deflation could hit economies around the world.

China data added up to more concerns for investors, with factory growth slowing more than expected last month to its second-worst reading since the global crisis and investment expansion hovering near a 13-year low.

IMF: America Slipped to No. 2

The United States of America is no longer the top economy, the country has slipped to number 2. China has just overtook the US economy to become the largest in the world. This is the first time that it happened since Ulysses S. Grant was president, the US is no longer the leading economic power on earth. This is a major shift in world affairs.

The International Monetary Fund (IMF) announced the latest numbers for the world economy. They use the measurement of national economic output in “real” terms of goods and services, China this year produce $17.6 trillion against $17.4 trillion of the US.

China now is responsible for 16.5% of the global economy when you use the real purchasing-power measure, compared with 16.3% for the U.S. This is a major economic earthquake. In 2013, China overtook the US for the first time in terms of global trade.

This was already reported by economist that China will overtake the US but it came sooner than expected. Chinese Government has recently decided to bring gross domestic product calculations in accordance with international standards this has revealed economic activity that had previously gone uncounted.

The IMF used the well-established and widely used economic measure known as purchasing-power parity (or PPP).

IMF reports