Market News News Page 8

As reported by Market Watch, the American stock market’s recent drop may cause a full-fledged correction during the days ahead while the first-quarter earnings season goes into full swing. However, earnings may also be the vehicle for a rebound. Phil Orlando, who is chief equity market strategist for Federated Investors, says earnings...

As reported by the BBC, Myanmar is to have a new stock exchange, as Daiwa Securities and the Tokyo Stock Exchange received preliminary authorization to help establish it. A Daiwa spokesperson says it will work with Myanmar’s central bank to set up the exchange before 2015. Myanmar, formerly known as Burma, is seeking to lure more...

As reported by the BBC, US shares gained value on Wednesday after a losing streak of five sessions in row. The Dow Jones index also went up 0.7%, helped by positive results from the aluminium maker, Alcoa, which caused a 6% increase in its shares. EU markets also went higher on Wednesday, making a small recovery from Tuesday's big losses....

As reported by the BBC, Japanese stocks dropped for the seventh session in a row as new fears about the health of the global economy initiated a global sell-off. Shedding 0.8% was the Nikkei 225 index, while Australia's ASX 200 and Hong Kong's Hang Seng also dropped by 1%. Worries about the EU debt crisis and the American economic recovery...

As reported by Arab News, King Abdullah of Saudi Arabia has called for tough new measures against any potential manipulation of the stock market. The move was much welcomed by Saudi-based shares analysts yesterday. A spokesperson at the Capital Market Authority (CMA) has refused to comment on allegations that its Chairman Abdulrahman...

As reported by the BBC, world stock markets have dropped on fears over the health of the US and EU economies. In Europe, shares dropped after a unsatisfactory Spanish bond sale. French and German shares fell nearly 3%. The European Central Bank says it will not roll back austerity measures to tackle the EU debt crisis, which is adding to...

As reported by the San Francisco Chronicle, European debt worsened again as a worry over Wall Street drove stocks to their biggest loss in a month. The Dow Jones industrial lost 125 points, while the price of gold plummeted to its lowest since January. This is the second time in 2012 the Dow has seen a triple-digit decline, with the average...

As reported by the BBC, the proprietor of British Airways, IAG, has been approved for the business takeover of BMI from present owners Lufthansa. European authorities confirmed the deal after IAG decided to relinquish landing spots at Heathrow airport. IAG, which owns Iberia as well, and BMI would have together controlled 53% of landing...

As reported by the BBC, Game Group has announced that OpCapita has purchased 333 of its shops in the UK. The deal will safeguard the positions of nearly 3,200 Game Group staff members. A few people from head office, who had previously been made redundant, may also be get their jobs back. OpCapita, an investment firm that specialises in...

As reported by The Advertiser, the stock market has just seen its best first quarter performance in 14 years. The optimistic figures have sent Wall Street analysts, many of whose predictions seemed too sunny about three months ago, hurrying to raise their approximations for the year. Robert Doll, who is chief equity investment manager with...