Pennystocks

Britain eyes green shoots

LONDON – BRITAIN’S battered economy is witnessing ‘green shoots’ of recovery after a deep recession, but they could remain fragile for some time as the jobless toll continues to rise, analysts warn.
Major economies including Britain, the eurozone, Japan and the United States were dragged into recession last year as a result of the global financial [...]

GBP Rallys after UK Home Prices Rise

House prices staged a tentative recovery in May as the cost of the average British home unexpectedly rose by 1.2 per cent, in its strongest monthly gain for 19 months, according to figures from the Nationwide Building Society.
This month’s house price increase compares with consensus analyst forecasts of a fall of 1 per cent on [...]

USD Crumbles

The euro extended its gains against the dollar on Friday, climbing above $1.39 a day after a report showed a record number of Americans receiving unemployment aid.
The 16-nation euro bought $1.3964 in morning European trading, up from $1.3889 in New York late Thursday.
The British pound was lower after hitting a series of 2009 highs earlier [...]

Dollar Mixed As Risk Aversion Rises; Yen Lower

LONDON (Dow Jones)–A rise in risk aversion helped the dollar rise in places in Europe Monday, while an increase in swine flu cases in Japan was undermining the yen, preventing the currency from cashing in on its safe-haven status.
The euro was also mixed as a result, rising against the yen but falling against the dollar [...]

Recap of Tuesday’s Stock Market Action

May 6, 2009
US stock closed the session yesterday flat to mixed on low volume. Savvy market observers believe it is good for the market to pause after a big advance, particularly when Wall Street has had its best two-month performance in about 35 years.
The DJIA was off 16.09 (0.2%) closing at 8,410.65, the S&P 500 [...]

NEW ECONOMIC SENTIMENT INDICATOR INTRODUCED BY DOW JONES

If you want the best estimate of how many jellybeans are in a pot, or how much an ox weighs, the way to do it is to average the guesses of a big group of people.
It’s called the wisdom of crowds. See it Here
So what do you do if you want to gauge the state [...]

GBP – MPC Likely On Hold But More Bonds Buys Later

LONDON (Dow Jones)–The Bank of England’s Monetary Policy Committee is likely to stick to its GBP75 billion securities purchase plan at its meeting next week, but will probably need to boost buying during the summer.
The U.K. central bank is well on its way to achieving the desired level of asset purchases by early June, having [...]

Oil earnings resilient despite oil price collapse

The oil and gas industry showed resilience to a collapse in crude prices, with producers and service companies reporting better-than-expected profits on Thursday.
British gas producer BG Group (BG.L) said first-quarter profit, excluding one-off items, fell 13 percent to 690 million pounds ($1.0 billion), due to lower oil prices, but was ahead of a forecast of [...]

US Economy Shrinks at Record Pace

The U.S economy shrank at a greater-than-expected 6.1 percent, the second-consecutive quarter with a decline of more than 6 percent as the nation remains firmly in the grasp of the global recession.
The current quarter coupled with the 6.3 percent decline in fourth-quarter 2008 — the biggest drop in 25 years — created the worst economy [...]

GDP to plummet 4.3 percent across OECD countries in 2009 as unemployment climbs sharply

Economic activity is expected to plummet by an average 4.3 percent in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report.

Amid the deepest and most widespread recession for more [...]