Tag Archives: Rally

Gold could rally if market fears over Greece keep escalating


Gold prices haven’t budged much because of Grexit fears over the past few months, however the precious metal may still benefit from the ongoing crisis if it continues to escalate and eventually comes to a head, says Julian Jessop, economist at Capital Economics. “Initially sight the turmoil in Greece has not had much impact on the gold price, which might ...

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China stock rally comes to sudden halt as Shenzhen Exchange falls almost 13%


It is known as China\’s Silicon Valley and it is home to the earth\’s hottest stock market rally – a rally analysts worry is in the process of becoming undone. Shenzhen, a town north of Hong Kong around the Chinese mainland, is the headquarters of China\’s biggest technology firms. Until last week, stocks on its tech-heavy stock market had surged ...

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TSX continues rally Wednesday as U.S. markets fall


TORONTO – The Toronto Stock Exchange enjoyed its third consecutive advance Wednesday, apparently indifferent to renewed fears of the debt default by Greece and the possibility of rising interest rates in the U.S. that sent markets elsewhere tumbling. The S&P/TSX composite index was up 42.60 points at 14,947.51, after rising about 250 points over the previous 2 days. The loonie ...

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North American stocks join global rally on Greece agreement with EU creditors: ‘Markets are quite happy’


NEW YORK – U.S. stocks joined a worldwide rally on Friday, with the Nasdaq composite index posting its best advance since January, amid optimism that proposals Greece submitted to its creditors will create a bailout. Apple climbed 2.7 percent to prevent a five-session slide and pace gains among technology shares. Semiconductors rebounded as Avago Technologies and Broadcom rose a lot ...

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