Euro Strengthens European Growth Optimism. The single currency Euro has strengthened in trade appeared Wednesday (31/10) due to the outbreak of optimism because Spain's GDP data release yesterday was not as bad as expected, so it has sparked some amount of speculative buying riskier assets including the Euro. Besides the latest news also said Greece close to agreeing to a reduction in savings programs (austerity cut) for a period of two years in order to encourage the exchange rate. And successful Italian bond auction in 5 and 10-year-old also helped boost the single currency.
However, the strengthening of the Euro seems they tend to be limited by concerns about Greece's new austerity measures agreement, and the uncertainty about when Spain will ask for a bailout. Technically, the target is still focused on strengthening Euro critical level $ 1.3 after passing the nearest prisoner's first range of $ 1.2985 which is the high range session yesterday.
On Again, Wall Street Predicted Winners
U.S. stock market (the U.S.) re-opened today after a two-day closure due to storm Sandy. Investors who earlier in the week forced to hold interest investment can now be cheered. Trading volume is believed to increase to several times higher than normal days. Throughout this month, the average daily transaction volume of 3.5 million shares. However, for this day, many analysts expect a bigger number. "It's hard to guess the direction of the market, but we will see a large volume for the same number of transactions by combining 3 days to one day," said Fred Dickson, Chief Market Strategist at DA Davidson & Co.
Expectation is possible because Wednesday is the concluding session in October. At the end of the month as they are now, investors, traders, hedge funds and mutual fund managers seek to balance position. Market participants also must not forget the agenda of the issuer's financial statements in the third quarter. Earnings were influential to the stock include Home Depot (HD) and Lowe's (LOW). Then there are the insurance companies and the financial sector such as Allstate (ALL), AIG (AIG) and Hartford Financial (HIG). Retailers, airlines and hotels, which are highly affected by the hurricane, is also a focus of attention.
Some companies that had been scheduled to release its earnings on Monday and Tuesday will be release earnings today. They are Hertz (HTZ), Mastercard (MA), Visa (V), First Solar (FSLR) and MetLife (MET, Fortune 500). Owners of capital are also new companies will respond to corporate actions that occurred during the storm struck. Among them is a management reshuffle news Apple Inc. (AAPL) and Lucasfilm purchase deal by Walt Disney (DIS) for $ 4 billion.
However, the strengthening of the Euro seems they tend to be limited by concerns about Greece's new austerity measures agreement, and the uncertainty about when Spain will ask for a bailout. Technically, the target is still focused on strengthening Euro critical level $ 1.3 after passing the nearest prisoner's first range of $ 1.2985 which is the high range session yesterday.
On Again, Wall Street Predicted Winners
U.S. stock market (the U.S.) re-opened today after a two-day closure due to storm Sandy. Investors who earlier in the week forced to hold interest investment can now be cheered. Trading volume is believed to increase to several times higher than normal days. Throughout this month, the average daily transaction volume of 3.5 million shares. However, for this day, many analysts expect a bigger number. "It's hard to guess the direction of the market, but we will see a large volume for the same number of transactions by combining 3 days to one day," said Fred Dickson, Chief Market Strategist at DA Davidson & Co.
Expectation is possible because Wednesday is the concluding session in October. At the end of the month as they are now, investors, traders, hedge funds and mutual fund managers seek to balance position. Market participants also must not forget the agenda of the issuer's financial statements in the third quarter. Earnings were influential to the stock include Home Depot (HD) and Lowe's (LOW). Then there are the insurance companies and the financial sector such as Allstate (ALL), AIG (AIG) and Hartford Financial (HIG). Retailers, airlines and hotels, which are highly affected by the hurricane, is also a focus of attention.
Some companies that had been scheduled to release its earnings on Monday and Tuesday will be release earnings today. They are Hertz (HTZ), Mastercard (MA), Visa (V), First Solar (FSLR) and MetLife (MET, Fortune 500). Owners of capital are also new companies will respond to corporate actions that occurred during the storm struck. Among them is a management reshuffle news Apple Inc. (AAPL) and Lucasfilm purchase deal by Walt Disney (DIS) for $ 4 billion.
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