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Markets
- Ur-Energy Inc Received AMEX Listing Approval - Editor, 23 July 2008 - No Comments yet
- Markets Rally – But Killjoy Analysts Warn that the Bad Times are Not Yet Over - Editor, 18 July 2008 - No Comments yet
- Is IndyMac Failure a Harbinger of Doom? - Editor, 15 July 2008 - No Comments yet
- Electronic Trading – Moving Ahead With the Times - Editor, 10 July 2008 - No Comments yet
- How Long Will the Bear be in Town? - Editor, 7 July 2008 - No Comments yet
- 2008 Second Quarter Results Indicate Tough Times Not Over - Editor, 1 July 2008 - No Comments yet
- NYSE Euronext Enters Middle East Market - Editor, 26 June 2008 - No Comments yet
Mining company Ur-Energy Inc. recently announced that it has received approval for the company’s common shares to be listed on the American Stock Exchange (AMEX) with trading expected to commence on Thursday 24 July 2008 under the symbol “URG”. Ur-Energy will retain its current listing on the Toronto Stock Exchange (URE-TSE).
Just when investors were starting to think that there would be no end to the downward spiral on the stock markets, concerns with regard to the U.S. economy and financial system eased up a bit in the past two days. This had a marked positive effect on global stock markets, as did the unexpected fall in oil prices. Moreover, solid results for some U.S. banks helped to stem the flow of negativity, while the announcement by the International Monetary Fund (IMF) that its 2008 global growth forecast has been adjusted to 4.1 percent from 3.7 percent added to the positive tone.
Although there are a number of factors that led to IndyMac’s failure on Friday 11 July, some regulators are laying the blame squarely at the feet of Senator Chuck Schumer. In late June, the New York Democrat released a letter which set out reasons why IndyMac might fail. This sparked panic among IndyMac customers who rushed to withdraw their money from the bank. Over the following eleven days the withdrawals mounted up to $1.3 billion, forcing IndyMac’s closure. The Federal Deposit Insurance Corp (FDIC) stepped in and re-opened the bank on Monday 14 July, as IndyMac Federal Bank.
The past few years have seen rapid advances in technology, which has in turn brought about significant changes in the way stock exchanges operate. Electronic trading has to a great extent taken over traditional stock market trading, which is understandable when considering that a computer generated transaction takes place in nanoseconds.
In a US stock exchange trading week that was cut short by 4th of July celebrations, investors were coming to terms with the fact that a bear market has officially arrived. It is commonly accepted in investment circles that a 20 percent drop from the highs in the market, as measured by the Dow Jones Industrial Average, Nasdaq and S&P’s indices, is confirmation of a bear market.
With the second half of 2008 looming ahead, the general feeling among stock market investors and financial analysts is anything but optimistic. Following a nerve-racking first quarter, the second quarter of 2008 started off with many investors believing that the worst was over and that earnings growth and stocks would pick up as the year progressed. These high hopes were dealt a death blow as the effects of the credit crisis lingered, oil prices soared, inflation worries persisted and consumers continued to curb their spending.
Transatlantic stock exchange giant, NYSE Euronext, has surged ahead in its quest to gain ground as a truly global stock exchange by buying a 25 percent stake in the State of Qatar’s Doha securities market. A $250 million cash payment will seal the deal, giving NYSE Euronext a firm foothold in the fast-growing economy of the Middle East.
Recent Videos
- Video: Inside Look: Baton Rouge on Gustav Watch - Thursday 28 August 2008, 6:46 pm
- Video: Spotlight: The Port of New Orleans - Thursday 28 August 2008, 6:31 pm
- Video: Tracking Gustav: Will It Rival Katrina? - Thursday 28 August 2008, 6:13 pm
- Video: World and National News Update: Election '08, Tropical Storm Gustav, Dalai Lama Hospitalized - Thursday 28 August 2008, 5:54 pm
- Video: Spotlight: Devon Energy Corp. (Part 2) - Thursday 28 August 2008, 5:37 pm
Recent Articles
- Analysts Fear That U.S. Market Has Not Yet Bottomed-Out - Editor, Tuesday 19 August 2008
- Chinese Infrastructure Investment Corp Joins NASDAQ - Editor, Wednesday 13 August 2008
- Financial Sector Continues To Cause Concern - Editor, Friday 8 August 2008
- British Airways and Iberia Propose “Merger Between Equals” - Editor, Tuesday 5 August 2008
- FCC Approval Ends Long Wait for Sirius XM Radio Merger - Editor, Thursday 31 July 2008
Recent Comments
- 29 April 2008, 03:23 am: By Dhan - Take This Financial Planning Gift Horse...
- 25 April 2008, 12:58 am: By asiaconsult - The ‘No Comment’ Clue to Mortgage...
- 24 April 2008, 02:21 am: By Investa - How Your Financial Planning Can Benefit...
- 23 April 2008, 04:56 am: By Mint - A Stock on Which You Can Bank










