After yesterday’s bad day on the global equity markets, we basically had another red day, but this time more driven from the European continent. After we had not heard any big surprises from China from the first day of the Chinese Communist Party Congress, there was no new momentum out of Asia. Later on Mario[…]
Dear PGM Capital Blog readers, As predicted by our research team USA president Barack Obama won a second term in the White House in yesterday’s USA presidential elections by defeating Republican nominee Mitt Romney, hereby making history as the first US president to survive a dragging economy and stifling unemployment, that already haunted him during his first term and[…]
Finally, election day is behind us and as we expected Obama has won it. But this morning started with a gloomy European Economic Outlook by Mario Draghi in which he corrected the European growth down and his deficit forecast for France and Spain will be much higher than 3% for 2013 and 2014. He also[…]
Ladies and Gentleman, its Election Day! Even though the results will come in tonight, it looks like the market is expecting an Obama win since the markets are having a rally and especially Gold and Silver had a good bounce and corrected the sell-off from last Friday. The other newsworthy highlight of this morning was[…]
Since yesterday was a quiet day, we are concentrating on today which was much more active. This is also the last day of the week before the very important “election week”. The highlight today was clearly the US October jobs report which has beaten estimates and had sent the US Dollar surging and most commodities[…]
Last Friday I talked about the economic “calm before the storm” week, but the opposite was true for weather related incidents during this week. Storm Sandy has halted US market activities for the past two days and finally things are from a market perspective back to normal and Sandy didn’t had any major effects on[…]
Dear PGM Capital Blog readers, First of all we would like to use this opportunity to express our deepest sympathy to all those people who have been affected by storm Sandy, that hit the North Eastern States of the USA, on Monday 29 2012. What the USA media based on sensation called “Super Storm Sandy”[…]
Dear PGM Capital Blog readers, This weekend I would like to use the opportunity to talk with you about the USA-fiscal cliff and coming debt ceiling. During a speech before the House financial Service committee at the end of February 2012, the USA Fed chairman Mr. Ben Bernanke, was the first person to use the term “fiscal cliff”. Full story: The[…]
Red markets throughout the day with the exception when the US GDP numbers where released this morning. The US GDP numbers gave the markets a short boost, but that was erased later by still worrying earnings numbers and a weakening global economy. At the end of the day the US markets had a last minute[…]
Today we had a modest rebound in the markets. The positive GDP numbers from the UK helped to boost the markets and there was some optimism. The US markets ended slightly in the green but sentiment was neutral, due to mixed earnings. Commodities had a better day and precious metals eliminated some of the losses[…]