September 2013

European Stocks Advances Amid US Budget Talks

European Stocks were seen green on Thursday as investors worries over the futures if the US budget, while Congress is expected to pass a spending a bill before October 1 for the government to stay funded.

Futures of the European Euro 50 rose 0.27% higher at 2,919.50 at the time of writing, while the German DAX futures edged 0.32% lower to 8,683.30 at the same time. Futures for the French CAC 40 advanced 0.31% to 4,197.80 and the UK FTSE 100 futures gained 0.23% higher to 6,526.80.

European Stocks – Market Movers

Talks over the US budget and debt ceiling are still ongoing in the US, the Congress need to take action before the US government funding expires on October 1st. Read more

Several Market Experts Predict Falling Gold Prices

Even though gold has enjoyed more than 10 consecutive years of price gains, several market experts predicted recently that the precious metal will depreciate in the near future.

Forecasts such as this could prove beneficial to any individuals who want to make money trading gold.

Citi Predicts Gold Decline Below $1,250

While there have been many predictions for what the price of gold will do, one that has managed to generate visibility recently is a forecast from Citi analysts that the metal will depreciate to less than $1,250 per ounce before 2013 is over, according to MarketWatch. Read more

Oil Prices Rises Ending 4-Day Losing Streak

Oil Prices were seen advancing on Wednesday, as the West Texas Intermediate ended its four-day losing streak after dropping to a seven week low of $102.30 per barrel in the previous session on Tuesday.

Investors continue to worry about the possibility that the US Federal Reserve’s (Fed) could begin to scale-back its stimulus program as soon as October. The next Federal Reserve (Fed) meeting is scheduled for October 29-30.

The European benchmark crude Brent rose $109 per barrel. Meanwhile, Iran has agreed to meet with representatives from the US, Russia, China, France, Germany and the UK; however Iran still refuses to discuss about its disputed nuclear program. Read more

Asian Shares Mixed On Fed Uncertainty

Asian shares was seen  trading mixed on Wednesday, as the US consumer sentiment hit a four-month low and shares in China and Australia were seen trading higher.

The Japanese benchmark Nikkei 225 index dropped 0.39% to 14,674.65 points as of 2:36am GMT, while Tokyo’s broader Topix index edged 0.57% lower at the same time. The Japanese yen strengthened, trading at ¥98.65 as of 2:52am GMT, dragging shares of electronic manufacturer’s Sharp lower by 2.5%, following previous session’s losses.

Hong Kong’s Hang Seng index rose 0.3% to 23,249.04 points as of 2:47am GMT, while the mainland Chinese benchmark Shanghai composite advanced 0.12% to 2,210.07 points as of 3:03am GMT. Read more

Germany’s Ifo Business Climate Jumps In September

Germany’s Ifo Business climate slightly picked up lower than expected at 107.7 in September, compared to the previous reading of 107.5 in August, a report by the ifo Institute confirmed on Tuesday.

The composite index based on a survey of retailers, wholesalers and manufacturers picked up 107.7 in September, below Analysts forecasted reading of 108.0.

The Current Assessment Index fell to 11.4, from previous reading 112.0 last month, reports confirmed. The reading came in lower from analysts estimates of 112.5. Read more