Tag Archives: markets

‘Stay wary, alert and very, very nimble:’ Markets could face a big test at 1 p.m.


At 1 p.m. ET on Friday, Federal Reserve chair Janet Yellen will speak around the U.S. economy.? And this could be a big test for the market. In his morning note on Friday, Art Cashin of UBS said Yellen can use this speech as a way to see how the market responds to some stronger implication the Fed is near ...

Read More »

North American markets pull back sharply on disappointing GDP reports


TORONTO – United states stock markets closed deeply at a negative balance in a broad-based decline that followed the release of disappointing economic growth figures on sides of the border. The S&P/TSX composite index finished the final trading day\’s May down 92.91 points at 15,014.09, with the energy sector helping to limit the harm as oil prices turned sharply higher. ...

Read More »

Waiting for the Fed: What you need to know before markets open


U.S. stock index futures are lower today as investors remain cautious in front of a two-day Fed meeting and because the Greek debt crisis shows no signs of abating. The central bank is not likely to raise rates only at that meeting but investors will watch out for any hints from Fed Chair Janet Yellen in a press conference following ...

Read More »

Stalled Greek debt talks send markets lower; Dow suffered triple-digit loss


TORONTO – Stock markets on sides of the Atlantic turned solidly lower Friday as renewed fears over a possible Greek debt default and its knock-on effects around the euro and also the world economy sent traders scrambling for the exits. In Toronto, the S&P/TSX composite index closed down 89.73 points at 14,741.15, with energy and financial issues one of the ...

Read More »

TSX sharply lower; New York markets give back chunk of Thursday gains


TORONTO – The Toronto stock exchange finished with a triple-digit loss Friday amid weak commodity prices along with a disappointing read on retail sales that underlined the still-fragile nature of Canada\’s economic recovery. The S&P/TSX composite index closed down 117.52 points at 14,653.12 as oil and metals prices retreated. Meanwhile, Statistics Canada said retail sales fell 0.1 per cent to ...

Read More »

U.S. markets close higher, but energy stocks fall and Greece hopes waiver


U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece\’s debt crisis showed no clear indications of resolution. The benchmark S&P 500\’s energy sector was dragged down through the biggest slide in oil prices since April after traders were surprised at a report that showed U.S. crude stockpiles rose the very first ...

Read More »

Why aren’t markets freaking out more about the Greek crisis?


These three things are true: Five scenarios for Greece within the coming days A missed payment by Greece (the country must pay the International Monetary Fund US$1.7 billion by Tuesday night) isn\’t necessarily the end of the world. Here\’s a take a look at five ways in which the Greece scenario could engage in this week. Continue reading. The likelihood ...

Read More »

Is there a huge investing opportunity in the oil markets?


A rare occurrence now happening on oil markets may well be a huge opportunity for investors who play it right, says Tim Pickering, president and chief investment officer at Auspice Capital Advisors Ltd. Pickering said Canadian crude prices are currently in “backwardation,” which means the future prices are expected to be less than the spot price, but every other crude ...

Read More »

First Greece, then Janet Yellen — markets had a great day!


U.S. stocks rose amid optimism that proposals Greece listed in its creditors will create a bailout, and Fed Chair Janet Yellen said she still expects to raise interest rates this season. In New York, Dow Jones industrial soared 211.79 points to 17,760.41, even though the widely watched index ended a few days only slightly above where it started. The Nasdaq ...

Read More »

China Syndrome! What you need to know as markets open


U.S. stock index futures are dropping today as a rout in Chinese markets deepened and as investors always keep a wary eye on developments in the Greek debt crisis. Beijing unveiled yet another battery of measures to arrest the sell-off and the securities regulator warned of \”panic sentiment\” gripping investors in the world\’s second-largest economy. Growing concerns of a slowdown ...

Read More »