BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Opportunity on the Euronext: Delta Lloyd]]>http://www.bloggingstocks.com/2011/01/12/opportunity-on-the-euronext-delta-lloyd/http://www.bloggingstocks.com/2011/01/12/opportunity-on-the-euronext-delta-lloyd/http://www.bloggingstocks.com/2011/01/12/opportunity-on-the-euronext-delta-lloyd/#commentsFiled under: ,

Investors searching for opportunities will be hard pressed to find stocks that are still undervalued. It seems like this rally has pushed every sector to very high levels. Perhaps, it may be time to look in more off-the-cuff places for investment ideas.

One possibility trades on the Amsterdam-based exchange, the Euronext. The Dutch insurer, Delta Lloyd Group, which has operations in the Netherlands, Germany, and Belgium, is a profitable company with a favorable balance sheet that trades at a significant discount to its book value. In the first half of 2010, it generated €767 million of income after taxes and non-controlling interests, a 263% increase. At the same time, it has €3,903 billion in tangible assets net of all liabilities, but a market cap of just € 2,810 billion as of January 11. In other words, investing in Delta Lloyd is like buying assets, with all liabilities paid off, at a 30% discount.

Continue reading Opportunity on the Euronext: Delta Lloyd

Opportunity on the Euronext: Delta Lloyd originally appeared on BloggingStocks on Wed, 12 Jan 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankseuropeEurozoneinsuranceInvestingInvestmentstocksWed, 12 Jan 2011 16:00:00 EST<![CDATA[Brent Crude Trades Above $90 on Cold Weather and Chinese Demand]]>http://www.bloggingstocks.com/2010/12/03/brent-crude-trades-above-90-on-cold-weather-and-chinese-demand/http://www.bloggingstocks.com/2010/12/03/brent-crude-trades-above-90-on-cold-weather-and-chinese-demand/http://www.bloggingstocks.com/2010/12/03/brent-crude-trades-above-90-on-cold-weather-and-chinese-demand/#commentsFiled under: ,

A batch of cold weather is spreading across Europe, pumping up demand for Brent crude. On the ICE exchange, January Brent traded at $90.69 per barrel, up $1.82, the Financial Times reported.

Brent crude -- the benchmark used by Europeans -- contracts are in 'backwardation,' the FT notes. Backwardation happens when the market quotes a lower price for a more distant delivery day. For example, January Brent is 4 cents higher than February and 10 cents higher than March. Backwardation usually means that there is strong immediate demand for the product.

Continue reading Brent Crude Trades Above $90 on Cold Weather and Chinese Demand

Brent Crude Trades Above $90 on Cold Weather and Chinese Demand originally appeared on BloggingStocks on Fri, 03 Dec 2010 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>brent crudechinacrudeeuropefeaturedinthenewsoiloil inventoriesoil pricesoil stocksWest Texas Intermediate crudewti crudeFri, 03 Dec 2010 09:30:00 EST<![CDATA[Gold Shoots Past $1,400 to a Record High]]>http://www.bloggingstocks.com/2010/11/08/gold-shoots-past-1-400-to-a-record-high/http://www.bloggingstocks.com/2010/11/08/gold-shoots-past-1-400-to-a-record-high/http://www.bloggingstocks.com/2010/11/08/gold-shoots-past-1-400-to-a-record-high/#commentsFiled under: , , , , ,

Gold shot past $1,400 per ounce to $1,410.4 on the December contract. Triggering the move were worries about sovereign debt levels in Europe and uncertainty concerning the upcoming G-20 meeting, as the Wall Street Journal reports.

First to Europe. The cost of insuring against defaults in countries like Ireland, Portugal and Spain has increased. Ireland's debt, in particular, is causing concern. Interest rates on Irish bonds has risen to 7.8% against Germany's 2.5%.

Continue reading Gold Shoots Past $1,400 to a Record High

Gold Shoots Past $1,400 to a Record High originally appeared on BloggingStocks on Mon, 08 Nov 2010 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>europegoldgold pricesgold rallyinthenewsirelandMon, 08 Nov 2010 16:30:00 EST<![CDATA[Gold and Silver March to New Highs]]>http://www.bloggingstocks.com/2010/10/05/gold-and-silver-march-to-new-highs/http://www.bloggingstocks.com/2010/10/05/gold-and-silver-march-to-new-highs/http://www.bloggingstocks.com/2010/10/05/gold-and-silver-march-to-new-highs/#commentsFiled under: , , ,

gold pricesPrecious metals moved higher today, led by gold, which set another record high. Here are the numbers:

  • December gold futures are trading at $1,328.20, per ounce, up $11.40 (as of 8:00 am EDT)
  • December silver is up 23 cents to $22.27 per ounce.
  • October platinum is trading at $1,681.7 per ounce, up $14.
  • December Palladium is up $7.20 to $568.50 per ounce.

Continue reading Gold and Silver March to New Highs

Gold and Silver March to New Highs originally appeared on BloggingStocks on Tue, 05 Oct 2010 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>australiachinacommoditieseuropefeaturedgoldgold pricesinthenewsjapanprecious metalsyuanTue, 05 Oct 2010 10:30:00 EST<![CDATA[Accenture Fourth Quarter Earnings Preview]]>http://www.bloggingstocks.com/2010/09/29/accenture-fourth-quarter-earnings-preview/http://www.bloggingstocks.com/2010/09/29/accenture-fourth-quarter-earnings-preview/http://www.bloggingstocks.com/2010/09/29/accenture-fourth-quarter-earnings-preview/#commentsFiled under: , , , , , ,

Accenture (ACN) logoConsulting firm Accenture (ACN) will be reporting its fiscal fourth quarter earnings after the market close tomorrow, with analysts expecting to see the company report earnings of $0.63 per share, in-line with the same period last year.

The company has issued its guidance, and expects to see revenues in a range of $5.15 to $5.35 billion. For full year earnings, the company now expects earnings somewhere between $2.61 to $2.69, on the lower end of previous guidance.

Continue reading Accenture Fourth Quarter Earnings Preview

Accenture Fourth Quarter Earnings Preview originally appeared on BloggingStocks on Wed, 29 Sep 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AccentureACNCapgeminiconsultingearningsearnings previewEuropeforecaststechnologyWed, 29 Sep 2010 18:00:00 EST<![CDATA[Gold Prices Surge to New Record High on Global Economic Concerns]]>http://www.bloggingstocks.com/2010/09/14/gold-prices-surge-to-new-record-high-on-global-economic-concerns/http://www.bloggingstocks.com/2010/09/14/gold-prices-surge-to-new-record-high-on-global-economic-concerns/http://www.bloggingstocks.com/2010/09/14/gold-prices-surge-to-new-record-high-on-global-economic-concerns/#commentsFiled under: , , , ,

record high gold pricesGold prices are on the move today, rising sharply and setting a new record high as traders look to the precious metal as a safe haven in an uncertain global economy.

Gold prices are currently up $25.90 to $1,271.50 an ounce, just a bit shy of the record high price of $1,274.50 it set earlier in the day.

Continue reading Gold Prices Surge to New Record High on Global Economic Concerns

Gold Prices Surge to New Record High on Global Economic Concerns originally appeared on BloggingStocks on Tue, 14 Sep 2010 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollareuroEuropeGFMS. Ltd.global economygoldgold pricesinflationinthenewsyenTue, 14 Sep 2010 14:40:00 EST<![CDATA[Gold Trades Higher Amid Fears of European Debt Default]]>http://www.bloggingstocks.com/2010/09/07/gold-trades-higher-amid-fears-of-european-debt-default/http://www.bloggingstocks.com/2010/09/07/gold-trades-higher-amid-fears-of-european-debt-default/http://www.bloggingstocks.com/2010/09/07/gold-trades-higher-amid-fears-of-european-debt-default/#commentsFiled under: , , , , , ,

The commodity and stock markets traded lower mainly due to fears of a European debt default. The US dollar was sharply higher with the September contract trading at 82.935, up .811. This triggered a sell off in commodities, except for gold.

Gold traded counter trend with the December contract up $9.20 to $1,259.50 Normally gold would have followed the other commodities lower. Investors ran for safety as word of European bank instability hit the tape.

Continue reading Gold Trades Higher Amid Fears of European Debt Default

Gold Trades Higher Amid Fears of European Debt Default originally appeared on BloggingStocks on Tue, 07 Sep 2010 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>europegoldgold trades near an all time highinthenewsTue, 07 Sep 2010 18:00:00 EST<![CDATA[Closing Bell: The Bears Stay Alive (ORCL, HPQ, NE, GE, DRYS, IDIX)]]>http://www.bloggingstocks.com/2010/09/07/closing-bell-the-bears-stay-alive-orcl-hpq-ne-ge-drys-idi/http://www.bloggingstocks.com/2010/09/07/closing-bell-the-bears-stay-alive-orcl-hpq-ne-ge-drys-idi/http://www.bloggingstocks.com/2010/09/07/closing-bell-the-bears-stay-alive-orcl-hpq-ne-ge-drys-idi/#commentsFiled under: ,

Today was a down day that started in Europe with new fears that the stress tests for banks really offered nothing of consequence and the fears that the real exposure is not known. There was no economic data in the US after a long three-day weekend.

Here were the unofficial closing bell levels:

Dow Jones 10,340.69 -107.24 (-1.03%)
S&P 500 1,091.84 -12.67 (-1.15%)
Nasdaq 2,208.89 -24.86 (-1.11%)

Top Analyst Calls

Continue reading Closing Bell: The Bears Stay Alive (ORCL, HPQ, NE, GE, DRYS, IDIX)

Closing Bell: The Bears Stay Alive (ORCL, HPQ, NE, GE, DRYS, IDIX) originally appeared on BloggingStocks on Tue, 07 Sep 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>down marketdryshipseuropeidenixTue, 07 Sep 2010 16:20:00 EST<![CDATA[Flight-to-Safety Pushes U.S. Interest Rates Lower]]>http://www.bloggingstocks.com/2010/07/26/flight-to-safety-pushes-u-s-interest-rates-lower/http://www.bloggingstocks.com/2010/07/26/flight-to-safety-pushes-u-s-interest-rates-lower/http://www.bloggingstocks.com/2010/07/26/flight-to-safety-pushes-u-s-interest-rates-lower/#commentsFiled under:

Paraphrasing the great Mark Twain, if you don't like the stance of institutional investors, just wait a while.

Case in point: Investor sentiment toward the United States' large budget deficit and national debt.

A scant month ago, the talk was of bond vigilantes turning their wrath on the U.S., from Greece, Spain, Portugal and the rest of Europe's debt-plagued nations -- a predicament that would force interest rates up in the world's largest economy.

Continue reading Flight-to-Safety Pushes U.S. Interest Rates Lower

Flight-to-Safety Pushes U.S. Interest Rates Lower originally appeared on BloggingStocks on Mon, 26 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bondsbudget deficitdebt crisisemerging marketsEuropeinterest ratesinthenewsnational debtMon, 26 Jul 2010 17:00:00 EST<![CDATA[Moody's Cuts Portugal's Sovereign Debt Rating]]>http://www.bloggingstocks.com/2010/07/13/portugal-downgrade-debt-rating/http://www.bloggingstocks.com/2010/07/13/portugal-downgrade-debt-rating/http://www.bloggingstocks.com/2010/07/13/portugal-downgrade-debt-rating/#commentsFiled under: , , ,

Moody's Investors Service cut Portugal's sovereign debt rating. In a statement from the agency, Anthony Thomas said: "The Portuguese government's debt to gross domestic product and debt to revenues ratios have risen rapidly over the past two years."

Moody's also questioned whether Portugal's economic reforms will be sufficient to reverse the deterioration in the country's debt metrics, especially in light of recent labor reforms.

Portugal initiated a program to cut its budget deficit from 9.4% of GDP to 8.3% of GDP this year and to 2.8% of GDP in 2013. Moody's expects the Portuguese economy to be flat to plus 0.5% and to rise to 1.5% in 2011.

Continue reading Moody's Cuts Portugal's Sovereign Debt Rating

Moody's Cuts Portugal's Sovereign Debt Rating originally appeared on BloggingStocks on Tue, 13 Jul 2010 08:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>debt ratingeuropefeaturedinthenewsmoodysportugalsovereign debtTue, 13 Jul 2010 08:00:00 EST<![CDATA[Oil Prices Drop 3% on Economic Fears]]>http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/#commentsFiled under: , , , , ,

Oil Prices Fall 3%Tuesday was a tough day for oil traders, with oil prices falling 3% to a two-week low.

The main thing spooking traders was a report that indicated growth in China was running lower than previously expected.

The Conference Board announced that, when it previously released that China's leading economic indicator rose by 1.7% during April, there was a calculation error. Instead of growing by 1.7% in April, it actually grew by a mere 0.3%.

Continue reading Oil Prices Drop 3% on Economic Fears

Oil Prices Drop 3% on Economic Fears originally appeared on BloggingStocks on Wed, 30 Jun 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinadollareconomic fearseconomyeuroeuropefeaturedgasgasolineinthenewsoiloil consumptionoil inventoryoil pricesWed, 30 Jun 2010 09:00:00 EST<![CDATA[At G-20, U.S. And Germany May Argue Offer Fiscal Policy Stances]]>http://www.bloggingstocks.com/2010/06/21/at-g-20-u-s-to-emphasize-stimulus-germany-deficit-reduction/http://www.bloggingstocks.com/2010/06/21/at-g-20-u-s-to-emphasize-stimulus-germany-deficit-reduction/http://www.bloggingstocks.com/2010/06/21/at-g-20-u-s-to-emphasize-stimulus-germany-deficit-reduction/#commentsFiled under:

At the G-20 summit in Toronto later this week, a battle may surface between the "immovable object" and the "irresistible force." Germany and the United States are at odds concerning the world's proper public policy stance at this stage of the financial crisis.

Germany is emphasizing that credit market and economic conditions are healthy enough to move forward with deficit reduction and related stimulus exit strategies, Bloomberg News reported Monday.

Continue reading At G-20, U.S. And Germany May Argue Offer Fiscal Policy Stances

At G-20, U.S. And Germany May Argue Offer Fiscal Policy Stances originally appeared on BloggingStocks on Mon, 21 Jun 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond vigilantesdebt crisisEuropefiscal stimulusG-20GermanyinthenewsMon, 21 Jun 2010 16:40:00 EST<![CDATA[Ray of Light: IMF Says Greece's Deficit-Cutting Plan On-Track]]>http://www.bloggingstocks.com/2010/06/17/ray-of-light-imf-says-greece-deficit-cutting-plan-on-track/http://www.bloggingstocks.com/2010/06/17/ray-of-light-imf-says-greece-deficit-cutting-plan-on-track/http://www.bloggingstocks.com/2010/06/17/ray-of-light-imf-says-greece-deficit-cutting-plan-on-track/#commentsFiled under: ,

Thursday's good new data point comes from the International Monetary Fund, which said Greece's budget deficit reduction plan and economic overhaul appears to be on-track.

The IMF termed fiscal developments as "positive with central government revenue coming in closely as expected" and with expenditures under control.

The group also said pension reform has advanced and an agreement has been reached on many key parameters as outlined in the memorandum or understanding. Structural reforms are also progressing, including in the areas of local administration, privatization, labor market, and tax administration.

Continue reading Ray of Light: IMF Says Greece's Deficit-Cutting Plan On-Track

Ray of Light: IMF Says Greece's Deficit-Cutting Plan On-Track originally appeared on BloggingStocks on Thu, 17 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisdollareuroEuropeEuropean UnionGreeceIMFinthenewsThu, 17 Jun 2010 17:30:00 EST<![CDATA[George Soros Says Financial Crisis Entering Act Two]]>http://www.bloggingstocks.com/2010/06/11/george-soros-act-ii/http://www.bloggingstocks.com/2010/06/11/george-soros-act-ii/http://www.bloggingstocks.com/2010/06/11/george-soros-act-ii/#commentsFiled under: , , , ,

George Soros plays the bear much more often than the bull. In a dramatic statement at a conference in Vienna, he said: "We have just entered Act II" of the crisis Again in dramatic fashion he states: ""The collapse of the financial system as we know it is real and the crisis is far from over." "Indeed we've just entered Act II of the drama."

What does Soros see that makes him so bearish? For one thing he believes that the financial crisis in Europe will worsen and attempts to cut budget deficits will push the global economy back into a recession.

Continue reading George Soros Says Financial Crisis Entering Act Two

George Soros Says Financial Crisis Entering Act Two originally appeared on BloggingStocks on Fri, 11 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>europefeaturedfinancial crisisgeorge sorosGeorge Soros is bearish on the marketsinthenewsFri, 11 Jun 2010 17:30:00 EST<![CDATA[IMF's Stauss-Kahn Says EU Debt Crisis Has Been Contained]]>http://www.bloggingstocks.com/2010/06/10/imf-s-stauss-kahn-says-eu-debt-crisis-has-been-contained/http://www.bloggingstocks.com/2010/06/10/imf-s-stauss-kahn-says-eu-debt-crisis-has-been-contained/http://www.bloggingstocks.com/2010/06/10/imf-s-stauss-kahn-says-eu-debt-crisis-has-been-contained/#commentsFiled under: ,

Thursday's positive economic data point comes from International Monetary Fund Managing Director Dominique Strauss-Kahn, who views the European debt crisis as contained, and is still bullish regarding the global economic recovery.

Debt levels are a risk to growth, mainly in Europe, but authorities in the region "are now really committed to solve it" and "the problem has been contained" Strauss-Kahn said, Bloomberg News reported.

Continue reading IMF's Stauss-Kahn Says EU Debt Crisis Has Been Contained

IMF's Stauss-Kahn Says EU Debt Crisis Has Been Contained originally appeared on BloggingStocks on Thu, 10 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisiseu debt crisis containedEuropeIMFinthenewsThu, 10 Jun 2010 17:00:00 EST<![CDATA[In Europe, Deflation Concerns Mount]]>http://www.bloggingstocks.com/2010/06/02/in-europe-deflation-concerns-mount/http://www.bloggingstocks.com/2010/06/02/in-europe-deflation-concerns-mount/http://www.bloggingstocks.com/2010/06/02/in-europe-deflation-concerns-mount/#commentsFiled under:

Just as the U.S. gets a grip on inflation, developments in Europe may tip the needle toward deflation, the New York Times reported.

Here's the scenario: Austerity measures imposed on Europe's debt-plagued government combine with a pull-back in consumer spending in Europe to take a substantial amount of demand out of the economy, putting downward pressure on prices.

Continue reading In Europe, Deflation Concerns Mount

In Europe, Deflation Concerns Mount originally appeared on BloggingStocks on Wed, 02 Jun 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisdeflationEuropeinflationinthenewsPIIGSWed, 02 Jun 2010 16:30:00 EST<![CDATA[Europe's Debt Crisis Has a Winner: The Bond Vigilantes]]>http://www.bloggingstocks.com/2010/05/28/europe-debt-crisis-bond-vigilantes/http://www.bloggingstocks.com/2010/05/28/europe-debt-crisis-bond-vigilantes/http://www.bloggingstocks.com/2010/05/28/europe-debt-crisis-bond-vigilantes/#commentsFiled under:

A week or so ago, German Chancellor Angela Merkel characterized the Europe debt crisis as a struggle between politics and markets.

"In a way it is a struggle between politics and the markets. We must re-establish the primacy of politics over the markets," Merkel told Germany's Bundesregierung.de. "It is up to politicians to compensate for tensions on the markets. We must proceed step by step, and in step as far as possible. All parties in the German Bundestag are called on to do so."

Continue reading Europe's Debt Crisis Has a Winner: The Bond Vigilantes

Europe's Debt Crisis Has a Winner: The Bond Vigilantes originally appeared on BloggingStocks on Fri, 28 May 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond vigilantesdebt crisisdollareuroEuropeinthenewsMerkelFri, 28 May 2010 11:00:00 EST<![CDATA[Is Europe Headed Toward a Two-Currency System?]]>http://www.bloggingstocks.com/2010/05/26/is-europe-headed-toward-a-2-currency-system/http://www.bloggingstocks.com/2010/05/26/is-europe-headed-toward-a-2-currency-system/http://www.bloggingstocks.com/2010/05/26/is-europe-headed-toward-a-2-currency-system/#commentsFiled under: ,

Could Europe emerge from its debt crisis with two currencies -- one for wealthier countries, and a separate currency for debt-plagued countries? It's possible.

The wealthier countries would the euro. The poor countries -- Greece, Spain, Portugal, Italy, and possibly Ireland, could create a new monetary union with a new currency, perhaps called "the Medi" -- short for Mediterranean.

Continue reading Is Europe Headed Toward a Two-Currency System?

Is Europe Headed Toward a Two-Currency System? originally appeared on BloggingStocks on Wed, 26 May 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisdollareuroEuropeWed, 26 May 2010 17:30:00 EST<![CDATA[Germany Wants Wider Ban on Naked Short Selling]]>http://www.bloggingstocks.com/2010/05/25/germany-wants-a-wider-ban-on-naked-short-selling/http://www.bloggingstocks.com/2010/05/25/germany-wants-a-wider-ban-on-naked-short-selling/http://www.bloggingstocks.com/2010/05/25/germany-wants-a-wider-ban-on-naked-short-selling/#commentsFiled under: , , ,

In yet another surprise move, Germany wants to widen its ban on naked short selling. According to the Wall Street Journal, Germany's Finance Ministry proposed extending its ban on "naked short selling" to cover all stocks and euro currency derivatives not intended for hedging.

Naked short sales covers sales not owned by the seller and isn't borrowed to cover the position while it is held. Many politicians in Germany see naked short selling as a way to manipulate the markets. What happens is that naked short sales can dwarf the underlying assets.

Continue reading Germany Wants Wider Ban on Naked Short Selling

Germany Wants Wider Ban on Naked Short Selling originally appeared on BloggingStocks on Tue, 25 May 2010 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>europegermanyinthenewsnaked short sellingshort sellingTue, 25 May 2010 18:30:00 EST<![CDATA[Oil Prices Drop on Economic Concerns and Lowered Price Forecast]]>http://www.bloggingstocks.com/2010/05/25/oil-prices-drop-on-economic-concerns-and-lowered-price-forecast/http://www.bloggingstocks.com/2010/05/25/oil-prices-drop-on-economic-concerns-and-lowered-price-forecast/http://www.bloggingstocks.com/2010/05/25/oil-prices-drop-on-economic-concerns-and-lowered-price-forecast/#commentsFiled under: , , , , , , ,

oil trades lowerOil prices continue their recent slide today, with investors spooked by the global economy and a lower price forecast by Bank of America Merrill Lynch.

Concerns over the economic situation in Europe continue to weigh on investor's minds, and the major indexes were down over 2% at one point today before rebounding in late day trading.

Continue reading Oil Prices Drop on Economic Concerns and Lowered Price Forecast

Oil Prices Drop on Economic Concerns and Lowered Price Forecast originally appeared on BloggingStocks on Tue, 25 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>70 oildollareuropefeaturedglobal economyinthenewsoiloil demandoil inventoriesoil pricesopecTue, 25 May 2010 18:00:00 EST