This Week in the Global Markets Nov 22-26
What did my money do this week?
IllustrationPic: IllustrationIt was one of this weeks when economics and politics walked as if they were a bride and a groom. But this week's events did not bring the couple to a good marriage.
After the monetary restraint in China and the negative impact on the markets, the last thing that Asia needed was the rising tension in the Korean Peninsula. As we all know North Korea is capable of using nuclear weapons and the regime is far from being rational. The only hope in Asia this week was Japan's industrial data which boosted the Nikkei 225 above 10,000 points.
The real economic stories this week came from Europe. If you look at the data in the tables below, two of the numbers should worry all of us.
The Madrid stock exchange dropped by 7 per cent this week, amid fears that Spain is the next European country to face monetary problems and even bankruptcy. We wrote some articles about the Irish problems and the rescue package from the EU and the IMF.
This time I tend to agree with Professor Roubini that Ireland and Greece are nothing compared to Spain. Let us all hope that the apocalyptic prophecy of the Professor will not come true.
Amid the European problems, the Euro lost over 3 per cent against the Canadian Dollar. If any of you were planning a vacation to the continent, your money is worth more.
The Israeli market kept its strong maneuvers amid the taxing issue of the energy sector and the thrill around the Leviathan reservoir. Teva will be in focus in the coming week after analysts see a bright future for the company.
The world energy sector kept boiling this week. The prices of crude oil and of natural gas surged by 2.78 and 2.64 per cent respectively.
TSX – Home sweet home. The Canadian market showed stability. As we speak, the TSX Index lost 0.41 per cent on Friday the closure was around 12,892.71 points. The weekly performance of the TSX Index was -0.49 per cent, not bad at all when comparing it to some European and most Asian markets.
Data Accuracy: November 26, end of trading day.
See tables below.
Stock Markets
|
North America |
Points Nov. 26 |
Change % 1 week |
|
TSX - Toronto |
12,892.71 |
-0.49 |
|
Dow Jones - New York |
11,092.00 |
-1.00 |
|
NASDAQ – New York |
2,534.56 |
+0.65 |
|
S & P 500 - US |
1,189.40 |
-0.86 |
|
Asia |
|
|
|
Hang-Seng - Hongkong |
22,877.25 |
-3.09 |
|
Shanghai - China |
2,871.70 |
-0.58 |
|
Nikkei 225 – Tokyo Japan |
10,039.56 |
+0.17 |
|
SENSEX – Mumbai India |
19,136.61 |
-2.29 |
|
ASX - Sydney |
4,690.2 |
-0.58
0 times
Business Leaders Share Secrets of Their Success Ellis Jacob, Edward Sonshine headline JEDx  Israeli Company to Be Sold for $480 Million OPKO Health Inc., Close to Deal with Prolor Biotech  CEO of Oracle Named by Forbes as World’s Richest Jew Larry Ellison tops list of filthy rich members of the tribe  Israeli Innovations Set to Impress On the World Stage “Start-Up Nation” Invited to Participate in Annual TedMed Conference  Israeli Researcher Creates Transsexual Prawns To Get Bigger Crustaceans Giving prawns a sex change leads to bigger profits for farmers  Move Over Google, Facebook Debuts ‘Graph Search’ The social media giant unveils revolutionary search engine feature  Business Leaders Share Secrets of Their Success Ellis Jacob, Edward Sonshine headline JEDx Israeli Company to Be Sold for $480 Million OPKO Health Inc., Close to Deal with Prolor Biotech CEO of Oracle Named by Forbes as World’s Richest Jew Larry Ellison tops list of filthy rich members of the tribe Israeli Innovations Set to Impress On the World Stage “Start-Up Nation” Invited to Participate in Annual TedMed Conference Israeli Researcher Creates Transsexual Prawns To Get Bigger Crustaceans Giving prawns a sex change leads to bigger profits for farmers Move Over Google, Facebook Debuts ‘Graph Search’ The social media giant unveils revolutionary search engine feature 
 
OUR FACEBOOK FANS
Blogs
Take Responsibility for Your Own The 19 year old sophomore sat on the exam table looking at the floor. A college student with obvious charm  The Stanford Prison Experiment at In 1971, researchers set up a prison in the basement of Stanford University's Psychology Department. The idea was to  U.S. vs. Europe: Health Care As I have tried to make abundantly clear the United States is the only country in the industrialized world that Hands Off America Alright, that does it.Since the terrorist attacks of September 11, 2001, Americans have been willing to do their part for Fat Returns After Liposuction ... A study appeared in a journal titled “Obesity” which was reported by a group from the University of Colorado. In What does Victory Look Like? Sixty-five years ago today, World War II officially came to an end. On September 2, 1945, Japanese Foreign Minister
 Share This Story With Your Friends!
Your Name:
Friend's Name:
E-Mail:
Friend's E-Mail: (This information will not be displayed publicly) Optional Message:
|
