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Economic News

  • Barry Norman

    Germany Issues Warning To Greece

    Greece and the IIF said Saturday they were on the verge of a deal to write off €100 billion worth of the  debt, pending the outcome of separate talks on a new, multi-billion euro bailout for Athens.In separate statements, Greece and the creditors both stated that  progress in the talks

  • Barry Norman

    Chinese Disappoint Asian Markets Weak on Monday

    Chinese markets returned from a week-long Lunar New Year holiday as the  Hong Kong’s Hang Seng Index fell 0.5%, while the Shanghai Composite Index dropped 0.7%/ There is an overall disappointment regarding  Chinese monetary and fiscal policy. The markets were expecting easing in China during the Chinese New Year which did not occurAsian

  • Barry Norman

    Lunchtime in Europe, BedTime in Asia and Breakfast in America

    In the far east today, the markets were fairly quiet as Lunar New Year was still being celebrated in China, Taiwan and Vietnam,  although the FTSE Asia Pacific index rose 0.3 per cent, aided by a 0.3 per cent surge in Hong Kong as the just returned from the holiday.South

  • Barry Norman

    Profit Taking in Asia to End the Week

    Asian exchanged posted followed US markets on Thursday after the US Federal Reserve pledged to keep interest rates low for another three years to nurture the country’s stubbornly slow economic recovery. The Fed had initially told the markets that they would hold low rates tell the end of 2012 but Wednesday, the

  • Barry Norman

    US Markets Up USD Down

    The greenback continued to drop against most major currencies today continuing losses after a two major U.S. economic reports showed jobless claims and durable-goods orders jumped. One positive and the other negative.The move downward spiral comes the day after the Federal Reserve said interest rates may remain at current levels

  • Barry Norman

    Austerity For The Simple Folks

    One of the first things you learn in business school is that when profits fall, you need to cut expenses and increase income. The ECB seems to have forgotten the second part of this lesson. You cannot simply cut expenses, as revenue will continue to fall, profits might climb for

  • Barry Norman

    What Will Be Said In Davos Tonight Will Move Financial Markets Tomorrow

    As one of the most famous annual meeting of global political and business leaders, the World Economic Forum in Davos, Switzerland takes place this year from Jan. 25 to 29.The World Economic Forum known as WEF is a Swiss non-profit foundation, based in Cologny,Geneva. It describes itself as an independent international organization committed to improving the

  • Barry Norman

    In a Surprise Move EU Ministers Enact Immediate Embargo on Iranian Oil and Freeze Assets

    For months, the US has been pushing for embargo’s and punitive action against the Iranian Government trying to get them to abandon or at least slow their nuclear program and their quest for nuclear weapons.In a time that most governments around the world are reducing stockpiles and trying to rid the world

  • Barry Norman

    Stating the Obvious

    Yesterday, IMF director Christine Lagarde called for additional protections or using the newly popularized word, “firewalls” in Europe to stop the spread or “contagion” in the eurozone. (On a side note, let us see how many of this new financial jargon I can use in this article). To most of

  • Barry Norman

    What A Busy Day For A Monday

    This was a day that just kept you jumping. The morning opened quietly in the Asian markets, with the celebration of the Lunar New Years several markets in China and Korea were closed making it a day of low volume.As the day progressed, we kept hearing about a deal between

  • Barry Norman

    Greece Conflict Effects Asia

    Asian markets moved very little during Monday’s trading session.  Australian share markets lost 0.1% to 4233.50 after gaining all year, Australia is actually up over 4% for the New Year, making quiet gains. Most of the markets just seemed to drift today. Many are closed for the Lunar New Year

  • Barry Norman

    Asian Session Positive… A Sign For European Markets, Maybe

    Asian markets traded mostly higher, but Hong Kong and Shanghai saw their early gains reduced after data showed Chinese manufacturing activity remained in contraction. But the reading was very positive for things to come.The markets were reacting to US economic data that showed an unexpected drop in unemployment, and an

  • Barry Norman

    China Gets Ready For The Lunar New Year

    Hong Kong shares rose early today for a fourth straight day of gains. Yesterdays global economic news propped up the markets after successful debt auctions by European nations and an extended rally on Wall Street.  Including rumors on a negotiations agreement in Greece.The Hang Seng Index clawed back to  the psychologically important

  • Barry Norman

    Cast Your Vote on Greece

    As a news analyst, it is my job to sort through the news, reports and private connections to find the real story and share that information with you, the reader. It is also my responsibility to analyze this material in a true and meaningful way without prejudice and preconceived notions.For

  • Barry Norman

    Fact or Fiction, Dreams or Reality.. The IMF to Raise 1trillion

    Fact or fiction, dreams or reality, rumors or news, which ever this is, it is the driving forces in the currency markets this afternoon. The International Monetary Fund (IMF) is planning to expand its lending capacity to $1 trillion from the current $385 billion to protect the global economy from the negative

  • Barry Norman

    Investors Seem To Be The Proverbial Deer In The Headlights

    Investors seem to be the proverbial deer in the headlights. Just staring into the abyss while death and disaster strikes.The warning signs are there, hell, they are shouting from every roof top, but investors seem to be fixated.The team of Merkel and Sarkozy, referred to lately as Merkozy, have done

  • Barry Norman

    A Quick Summary Of Today’s EU And US Markets

    U.S. stocks turned cautious on financial sector earnings ahead of Citigroup Inc.  After climbing 151 points, the Dow Jones Industrial Average closed at 12,482.22, up 60.16 points, or 0.5%. The S&P rose 4.57 points, to 1,293.66. The Nasdaq was up 17.41 points, or 0.6%, to 2,728.08. The biggest driver of the market

  • Barry Norman

    Investors Shake Off Downgrades Or Are They Too Numb To React

    Asia markets surged this morning, after data showed the Chinese economy grew at a faster-than-expected pace in the fourth quarter of 2011. This was totally unexpected by the markets. Most were expecting data to come in at forecast or slightly below.China’s Shanghai Composite and Hong Kong’s Hang Seng Index each gained

  • Barry Norman

    Why Psychiatrists Make Better Forex Traders Than Economists?

    Trading in the forex market though not an exact science takes a lot of patience and emotional control and requires gathering and listening to facts, while not trying to over explain or apply other data.A Psychiatrist, is a good listener, knows how to gleam important facts from lots of dialogue

  • Barry Norman

    EU Markets Surprisingly Quiet

    European stock markets were quiet on Monday, as traders mulled the impact of rating downgrades for nine euro-zone nations and awaited a French debt sale.The French CAC-40 index dropped 0.1% to 3,193, pulled down by banks. Societe Generale S.A. dipped 1.4%, Credit Agricole S.A. plummetted 1.1%, while BNP Paribas S.A. lost 1.4%.The U.K.’s

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