Stocks Rise Following Ceasefire in Gaza Strip
In Singapore, Petra Foods opened up the day with a ‘buy’ rating. As one of the top producers and suppliers of cocoa in the world, Petra Foods Ltd has large market shares in Indonesia and the Philippines. From 2004 to 2011, the company’s consumer division grew by 20.2 percent a year. Most of this rise was attributed to increased consumption in More...
Stocks in Pakistan Set Record
Stock future in the United States remained steady on Tuesday following the United States housing report. This report showed that new residential construction in the world’s largest economy advanced by 3.6 percent More...
European Stocks Fall Amid Renewed Fighting in the Middle East
Friday’s trading session saw the fall of many European stock market indexes. Part of this drop in share prices was attributed to two new developments in the United States and the Middle East. Reports came out More...
US Markets Brace for Decisions on Fiscal Cliff
Investors remain concerned about the ongoing fiscal cliff crisis in the United States. The United States Congress is set to begin debating budget issues and spending cuts for the upcoming years. If the United More...
Obama Ready to Tax Rich: US Stocks Drop
After a rough week following the United States elections, US-based stock markets managed to advance on Friday. The gains were not enough to place the week in positive territory. Overall, the Nasdaq fell 2.6 percent More...
Dow Jones Posts Largest One-Day Decline for the Year
Around the world, the delay in a Greek decision on austerity measures has overshadowed the stock market. Investors are concerned that ministers in the Eurozone may not provide aid to Greece. The Stoxx Europe 600 More...
Greenback Drops after Obama’s Re-election
On Wednesday, the United States dollar dropped following President Barack Obama’s re-election. Although the popular vote is yet to be tallied, Obama has enjoyed a resounding victory in the electorate. His election More...
US Stocks Enjoy Election Day Rise
On Tuesday night, investors began buying up stock in the United States. The Dow Jones industrial average gained by 133.24 points, or one percent, to end at 13,245.68. This advance was led by industrial stock and More...
US Dollar at Six-Month High Versus the Yen
The United States dollar rose on Friday to reach a six-month high versus the Japanese yen. As the United States employment report came out, the greenback also rose to a one-month high versus the euro. In October, More...
Dow Jones Drops by 139 Points on Back of Superstorm Sandy
As the aftermath of Superstorm Sandy plays out, stock markets in the United States gradually return to normal. Despite the release of strong job numbers this week, the Dow Jones Industrial average still dropped More...