Not more than a few days after the last news about the US30 (a.k.a. Dow Jones) comes another plunge, this time the US30 industrial average traded about 600 points lower after falling as much as 1,089 points in the open. The last historical plunge was not more than 777 points in September 29, 2008. …and you thought last week was a big news?!
The pound ended near seven-week highs last week against the dollar. GBP/USD hit highs of 1.5722, which was the most since July 1.
Due to a weak factory data from China the dollar fell a bit against the euro and the yen on Friday. Manufacturing activity in China contracted at the fastest rate in six years in August.
Greece’s Prime Minister has announced his resignation, clearing the way for new elections.
Greece is determined to utter the latest bail out agreement. The Greek people need to deliver a new mandate.
It was a tough day on Wall Street. In fact, for the US500 (also known as S&P 500) and the US30 (a.k.a. Dow Jones) indices, Thursday marked the worst day of 2015.
The US500 has turned in pretty dull performance so far in 2015. It went negative on the year Thursday—but is basically flat—and in the past one-year period, is up about 3 percent.
Tuesday August 25, 2015
Inflation Expectations q/q – NZD – 4:00am GMT
The Inflation Expectations q/q measures the percentage that business managers expect the price of goods and services to change annually during the next 2 years. The inflation in New Zealand has been a bit higher than 1% since the beginning of this year.
Not too long ago, in 2013, Samsung agreed to develop and commercialize biosimilars with Merck & Co. Inc. and Biogen Idec Inc.
Now, only two years later, Samsung Bioepis is charged with developing generic versions of biotechnology drugs and will make its first entry into U.S. stock markets with $1 billion listing of its biotechnology affiliate.
Up until yesterday, anyone trading with conditional orders was required to pay a small commission upon the execution of each order. We gave this a hard thought, and decided that a change will be made for the benefit of our clients.
This past week, all eyes were on China – the surprising devaluation of the yuan caused high volatility for Chinese equities.