Archive for May 9th, 2008
Market Caution Returns
Market Caution Returns
The mood of caution may persist in the short term, but heavy selling of carry trades should be resisted at this time
Risk aversion has increased again over the past 24 hours. Equity markets have generally struggled over the past 24 hours with some retracement after the recent recovery. The Asian markets were also […]
Dollar On A Dipping Slope Again And Fears Of High Inflation
Dollar On A Dipping Slope Again And Fears Of High Inflation
The U.S. trade deficit will have probably narrowed in March as a weaker dollar boosted exports of machinery and food, economists said ahead of a government report today which comes out at 12:30pm GMT. The trade balance Measures the difference in value between imported and […]
Housing Aid Bill Faces Veto by President Bush
Housing Aid Bill Faces Veto by President Bush
WASHINGTON — Democrats’ plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush’s threatened veto and the […]