Shanghai Composite peaked in October 2007 at 6124 after rising almost six fold from July 2005 low of 1015. Then along with rest of the global equity markets it crashed, finally bottoming in October 2008 by reaching a low of 1665. Since then once a global leader, it has been a global laggard. In the…
Thursday: Stocks Ease So Does Volume Early Thursday morning – New York time – the US futures were heading higher from the decline of Wednesday. YM, the DJIA mini futures, was even threatening to form an inverse head-&-shoulder pattern. However, the US unemployment claims report punctured the optimism and the futures lost their steam. For…
The word BRIC entered the lexicon of global investors and traders in 2001 thanks to Jim O’Neill of Goldman Sachs. Since then there has been a continuous stream of products, investment theses, strategies and contrary opinions to take advantages of the booms and busts in those economies. If one had invested at the beginning of…
Market At A Glance: On Wednesday, global equity market maintained their upward posture notwithstanding early downward pressure. The US futures were trading lower in the pre-market session. But they made low for the day in the first few minutes of trading and then moved up closing in the upper half of the day’s range. For…
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