Dow Jones overshot to a new high today to 14,286, beating the record of 14,198 set on October 2007. http://www.bbc.co.uk/news/business-21621048
EUR USD – 25th November 2011
The Euro was treading on very thin ice against the US dollars in the passing week, when it fell to €1.3231 to $1 by the close of Friday. The euphoria of Greece salvation on 27th October was short lived, and a series of negative signs were played out successively in the news: started with […]
Dow Jones Industrial Average – QE2 Sunse
Dow Jones Industrial Average fell from the height of 12,876 since May, in its sixth consecutive week, down to 11,951 on 10 June 2011 – its worst streak since 2002. Economist Martin Feldstein argues that the expected 2nd Quantitative Easing (QE2), hinted by Ben Bernanke in August 2010 and announced on the 3rd Nov 2010, […]
US Crude Oil Price: 1 August – 31 August
Oil price slumped over August, sliding from around USD $83 at the beginning of August, to USD $71.74 at the closing of the month. It seems that a weak demand in stocks and commodities throughout August was the leading cause for a bearish downtrend to the overall market sentiment. Reassurance by Ben Bernanke’s speech given on 27 August […]
The rise of Gulf Keystone Petroleum
A takeover rumour in late July, then news on the arrival of a drill rig and commencement of drilling operation in Sheikh Adi, Kurdistan, and then further news on Jurassic Zone Testing on the Shaikan-1 Discovery Well, Gulf Keystone Petroleum’s share price catapulted from around 70 pence per share in July 2010, to 102.25 pence closed on 6 […]
