Market Update - 17.04.2012

Apple and Google
drag Nasdaq down

Apple, the star equity performer, fall for the fifth day in row when the US exchanges opened the week yesterday. Apple fall back 4,2 % 4,2 % to USD 580, and dragged the technology exchange Nasdaq down 0,8 %.

Technical Analysis 16/04 - 20/04


Floor Pivot Points
Pair3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
EUR/USD1.28241.29281.30031.31071.31821.32861.3361
GBP/USD1.55991.57031.57751.58791.59511.60551.6127
USD/JPY79.0579.8180.3581.1181.6582.4182.95
EUR/JPY102.99104.22105.01106.24107.03108.26109.05
GBP/JPY124.95126.41127.30128.76129.65131.11132.00


Market Update - 13.04.2012

Stagnating Chinese
growth figures

Chinese GDP grew 8,2 % last quarter. This is the slowest growth reported in China for the last three years. The numbers are in line with experts.
Expectations and far above the 7,5 % growth target set by Chinese authorities for 2012. The figures have been well received by the market. Both the Shanghai Composite and Hang Seng are up 1,6 %.

Market Update - 12.04.2012

Global markets
correct upwards

After a disastrous start of the week, global markets pushed back and corrected upwards yesterday and during to night’s Asian trading. Dow Jones added 0,70 % and the technology exchange, Nasdaq, increased 0,84 %. Alcoa, the aluminum producer, was the big winner up 6,7 % and set the tone for first positive day in the markets in 5 days. Also big banks as J. P.Morgan and the technology company Cisco, posted healthy gains. The positive US-trend continued in Asia where Hang Seng and Shanghai Composite both were up 0,4 % as the Asian composite stock exchange.

Market Update - 11.04.2012

Panic sales on
red exchanges

The unrest and nervousness in the financial markets continue. The US stock exchanges saw its worst day this year after steep falls in Europe and Asia. Dow Jones ended 1.7 % down to 12 715, far below the symbolic 13 000 limit which was passed in Monday afternoon’s session. Asia is down fourth day in row. Only the Shanghai composite was flat.

Market Update - 10.04.2012

Wall Street falls
on weak US-jobs

Dow Jones fell 1 % and below the critical 13 000 level when the US exchanges opened after the Easter holidays. Nasdaq was down 1.08 % to 3047. The downturn came after the worse than expected employment numbers last Friday. It was expected that the employment figures would have been in line with the three preceding months when an average of 210 000 new jobs were added. The result for March was a disappointing 121 000.

Market Update - 09.04.2012

Disappointing US job gains dampen
prospects for global recovery

American employers added less jobs in March than in the preceding months, economic figures presented late Friday demonstrated. While more than 200 000 new jobs were added each month in December, January and February, March saw a disappointing 120 000 new jobs arising fears of a slowdown and not the robust economic recovery the impressing gains in the stock markets so far in 2012 seem to have indicated.