• Top Citi Analyst: Stocks Will Fall Another 15-20%

    Tom Fitzpatrick, a top technical analyst at Citi, told King World News that he expects stocks to fall another 15-20 percent from here. “The price action over the past 3 months remains similar to that seen after...

    • Posted 315 days ago
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  • LIBOR Investigation Turns To Deutsche Bank, Shares Fall

    Reuters reported this afternoon that Deutsche Bank is next in a string of investigations into the Libor rate manipulation scandal that ousted Barclay’s CEO Bob Diamond earlier this month.  And the markets are already noticing. Shares dropped...

    • Posted 321 days ago
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  • NOT GOOD: South Korean PMI Falls To 49.4, Orders Booked Fall For The First Time In 4 Months

    South Korea’s HSBC manufacturing PMI number for June fell to 49.4. This is a decline from 51.0 in May. A reading below 50 signals contraction in the industry. “Persistent global uncertainties continue to weigh on Korean manufacturing...

    • Posted 325 days ago
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  • SocGen Expects Chinese PMI To Fall Again

    China’s official manufacturing PMI is expected to drop 1 point to 49.5 in June, from 50.4 in May when the official number is out this weekend, according to Societe Generale analyst Wei Yao. This decline is in...

    • Posted 328 days ago
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  • GOLDMAN: How 45 Financial Assets Classes Fall Into The Global Triangle Of Risk

    Goldman growth markets strategists Christopher Eoyang, Jason Lui, and Charles Fang mapped the sensitivity of various stock, bond, commodity, and currency markets around the world to risks emanating from the world’s three largest economies: the U.S., Europe,...

    • Posted 335 days ago
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