Archive for the ‘News’ Category:
AP reports strong China exports
The EU debt crisis could potentially plunge China into a situation similar to the global financial crisis of 2008 that severely cut demand for Chinese mass production of consumer goods. However, China Customs agency reports continued strong exports for the month of June. Quote from AP: “China’s customs agency on Saturday said exports were up [...]
Did Bernanke hint at further decline?
As the European financial impact becomes a severely influencing factor on the Dow and other global markets, one cannot but wonder at the words of the Federal Reserve Chairman recently. Quoted from WSJ: “There seems to be a good bit of momentum in consumer spending and investment,” Mr. Bernanke said at a dinner hosted by [...]
FOREX-Euro rallies from 4-year low vs U.S. dollar
Currencies By Gertrude Chavez-Dreyfuss NEW YORK, May 19 (Reuters) – The euro rose from a four-year low against the dollar on Wednesday… A European Central Bank spokesman, however, declined to comment on market rumors of fresh central bank action. “We’ve got this rally in the euro and I think it’s the market’s understanding and fear [...]
