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Wall Street And City Stock Markets On Upward Trajectory

Thursday, January 24, 2013 - 8:42 PM
Evidently Ben Bernanke is succeeding in his quest...

"Louise Cooper, an independent analyst, said the rally on stock markets was the result of continued intervention by central banks to buy up government bonds through quantitative easing. "It distorts markets, because if you're an investor, where else are you going to put your money?" she said, explaining that stock markets were benefiting as investors searched for higher returns. "QE is distorting asset prices. The medicine is as damaging as the initial illness."
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,610
1. Tuesday, February 26, 2013 - 1:01 AM
The 10% plunge in Apple shares, which are now valued at $460, reduced the company's stock market value to $432bn and was caused by its report of flat profits on record quarterly revenue of $55bn.

Apple shares hit a peak of $702 last September, but have since lost 35% of their value – wiping $225bn off the value of the business – as worries about whether the tech giant's days as a high-growth company are over. Yesterday's decline in the Apple price was its biggest single-day decline for four years.

Apple sold 47.8m iPhones over the Christmas quarter, missing a forecast average of around 50m, which sparked the stock market rout.

In Spain, the latest data showed that 6 million people were now out of work, with the unemployment rate rising, but claims for jobless benefits in the US hit a five-year low. Improved Chinese manufacturing data also helped sentiment.
harreymartinharreymartin9 posts since
Feb 26, 2013
Rep Points: 10