simon yao

  • European shares higher in choppy pre-ECB trade

    August 02 2012 7:53 AM

    European shares rose on Thursday, buoyed by banking sector gains in a volatile trading session as investors tried to assess the likelihood of concrete policy action from the European Central Bank.

  • Fears of new property curbs sink shares in China, Hong Kong

    August 02 2012 7:52 AM

    China shares resumed their downward spiral on Thursday, hurt by steep losses for property developers that dragged down on the Hong Kong market, after state-run media reported there could be fresh curbs, which would hit the sector.

  • What Happens to Greece?s Gold when They Exit the Eurozone

    August 02 2012 7:47 AM

    With Germany?s leaders telling us that the exit from the Eurozone by Greece no longer holds terror for them, we understand that they are prepared for such an eventuality. As the E.U. leader?s representatives went to Greece this week to see the progress on the implementation of structural reforms and the austerity measures, it became clear to all that while we must wait for the results from them.

  • Breakout in gold?

    August 01 2012 3:22 PM

    Last week we examined the bullish symmetrical triangle pattern in gold and identified the potential breakout points in this time-tested technical indicator.

  • Wall Street dips as Fed makes no major policy changes

    August 01 2012 3:11 PM

    Stocks fell slightly on Wednesday after the Federal Reserve announced no significant monetary policy changes.

  • Ivory Coast Gold Output Seen At 25 Tonnes In 2015Ivory Coast Gold Output Seen At 25 Tonnes In 2015

    August 01 2012 3:02 PM

    Ivory Coast expects annual output from its burgeoning gold mining sector to reach 25 tonnes by 2015 as new mines come on line, a government spokesman said on Wednesday.

  • Global stocks, euro steady as markets await Fed, ECB

    August 01 2012 1:55 PM

    Global share prices and the euro held steady on Wednesday as investors waited to see if central banks in the United States and Europe would take fresh actions to ease the euro-zone debt crisis and rejuvenate the global economy.

  • Brent oil supply drop in Sept threatens price spike

    August 01 2012 1:54 PM

    A drop in supply of crude that underpins the Brent crude contract in September has the potential to boost prices, further highlighting the vulnerability of the global benchmark to local supply bottlenecks and squeezes.

  • Treasury may let investors pay to lend

    August 01 2012 1:53 PM

    The Treasury is working on allowing investors to bid on securities that offer negative interest rates, another sign that officials expect borrowing costs to stay very low for a long time.

  • Gold Falls Before Fed, Silver Down On China PMIGold Falls Before Fed, Silver Down On China PMI

    August 01 2012 1:52 PM

    Gold fell on Wednesday as disappointing global manufacturing data dampened sentiment ahead of the Federal Reserve's latest policy statement which is expected to stop short of aggressive stimulus actions.

  • China shares outperform Asia, spur Hong Kong's 5th straight gain

    August 01 2012 1:49 PM

    China stocks rose on Wednesday, outperforming Asian peers and spurring Hong Kong gains, bolstered by comments from the country's securities regulator encouraging companies with strong cash positions to buy back some of their shares.

  • Gold Prices Fall Ahead Of Fed AnnouncementGold Prices Fall Ahead Of Fed Announcement

    August 01 2012 11:38 AM

    Gold fell below $1,600 an ounce on Wednesday, a level it broke above last week after euro-friendly comments from the European Central Bank, as speculation lessened that the Federal Reserve would hint at a new round of monetary stimulus later in the day.

  • Ignore What Our Financial Policy Makers and Politicians Say, and Own Gold

    July 31 2012 11:39 AM

    Only last Thursday, European Central Bank (ECB) president, Mario Draghi, made a few very bold statements regarding the euro. Draghi stated that the ECB will do everything in its power to save the euro.

  • Investors cautious as central bank meetings loom

    July 31 2012 11:21 AM

    U.S. stocks were mixed on Tuesday while European shares snapped a three-day rally and oil slipped on fear central banks may not deliver enough stimulus this week to quell concerns about a global slowdown.

  • Oil dips below $106 as stimulus hopes fade

    July 31 2012 10:59 AM

    Oil slipped below $106 a barrel on Tuesday as concerns that new central bank stimulus measures would fail to revive fragile economies outweighed China's pledge to keep its economy growing.

  • Euro edges higher versus dollar ahead of ECBEuro edges higher versus dollar ahead of ECB

    July 31 2012 10:56 AM

    The euro edged higher against the dollar and yen on Tuesday on expectations the European Central Bank may take further actions to help contain the debt crisis later this week.

  • European shares extend losses, Bunds gain on ESM concern

    July 31 2012 10:54 AM

    European shares extended losses and German Bund futures hit session highs on Tuesday, with traders citing a media report that German policymakers had reiterated their opposition to giving the European Stability Mechanism a full banking licence.

  • Hong Kong shares gain 1.8 pct in July, China at 40-month lows

    July 31 2012 10:53 AM

    Hong Kong shares rose for a fourth day on Tuesday, extending gains to 1.8 percent for the month, as heavyweights such as HSBC advanced ahead of central bank meetings that market players hope will yield further stimulus measures.

  • ECB-Gold Reserves Down By 2 Mln Euros In Week To July 27ECB-Gold Reserves Down By 2 Mln Euros In Week To July 27

    July 31 2012 10:44 AM

    Gold and gold receivables held by euro zone central banks fell by 2 million euros to 433.777 billion euros in the week ending July 27, the European Central Bank said on Tuesday.

  • Gold Sales To Iran, Econ Slowdown Curb Turkey Trade GapGold Sales To Iran, Econ Slowdown Curb Turkey Trade Gap

    July 31 2012 10:41 AM

    Turkey's trade deficit narrowed more than expected in June mainly due to gold exports to Iran, a dip in oil prices and a slowdown in the economy, data showed on Tuesday, indicating an improvement in the country's troublesome current account gap.