IBTimes Topics

Three Big Spanish Banks Cut To Junk By S&P

By IBTimes

Standard & Poor's Ratings Services cut the credit ratings of three Spain-based financial institutions to junk status, the agency said Friday. (May 25)

Dow dips, Nasdaq and S&P up before long weekend

By Reuters

The Dow slipped while the Nasdaq and the S&P 500 inched higher on Friday as warnings about Greece kept investors cautious before a long holiday weekend, with shares likely to drift lower into the close. (May 25)

MORE TOPICS: DOW JONES, MORGAN STANLEY, FACEBOOK, RUSSIA, TELECOMS, MICHIGAN

EU Morning Report- Euro remains under pressure

By Easy Forex

 The euro (EUR) dropped to a two year low falling to 1.2515 from 1.2619 against the US dollar as uncertainty in the market grows. The single currency is under pressure as investors are worried about a problematic banking sector in the eurozone and a messy Greek exit from the euro. Economic figures . (May 25)

MORE TOPICS: GOLD, FTSE, GERMANY, MANUFACTURING, BANK OF ENGLAND, QUANTITATIVE EASING

S&P 500 ends up slightly; Nasdaq down

By Reuters

The S&P 500 and Dow ended slightly higher on Thursday in a third session marked by a late-day swing, but the Nasdaq fell after a weak revenue forecast from NetApp <NTAP.O> cast doubts on the outlook for tech spending. (May 24)

MORE TOPICS: DOW JONES

The Nemenoff Report Bonds Lower, S&P's higher, Silver Higher

By Price Futures Group

June Bonds are currently 25 lower at 147'16 and the 10 Yr. Notes 10 lower at 133'15. Yesterday's and today's modest recovery in equities has taken some of the fear premium out of the interest rate markets. Consider going long out of the money puts and/or put spreads for Sept. (May 24)

MORE TOPICS: GOLD, SILVER

EU Morning Report- Greek exit fears weigh, gold bounces epically

By Easy Forex

 The euro (EUR) dropped to a 22-month low falling to 1.2545 from 1.2686 against the US dollar on a heightened risk aversion in the markets. Concerns that Greece may face a damaging default and a messy exit from the eurozone weighed on the single currency after talks said that Eurogroup was asked to. (May 24)

MORE TOPICS: GOLD, FTSE, GERMANY, RETAIL SALES, JAPAN, RETAIL

Nasdaq, S&P 500 turn positive ahead of close

By Reuters

Stocks pared losses sharply into the close, with both the Nasdaq and the S&P 500 turning positive in a late-day reversal on Wednesday. The turnaround was led by shares of materials companies in the S&P 500, while Apple boosted technology shares. (May 23)

MORE TOPICS: DOW JONES

Strong May Car Sales Drive US GDP Growth: Kelley Blue Book

By IBTimes

U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. (May 23)

MORE TOPICS: GENERAL MOTORS, FORD MOTOR COMPANY, NYSE, TOYOTA, CHRYSLER, GDP

Mazda and Fiat Developing New MX-5 "Miata" Sport Roadster

By IBTimes

Mazda Motor Corporation (Tokyo: 7261) and Fiat Group Automobiles S.p.A. (ETR: FIAT) will jointly develop and manufacture a new rear-wheel-drive, roadster sports car based on the next-generation Mazda MX-5 "Miata" for the Mazda and Alfa Romeo brands, the companies announced Wednesday. (May 23)

MORE TOPICS: ARCHITECTURE

The Nemenoff Report Bonds Higher, S&P's Lower, Silver Lower

By Price Futures Group

June Bonds are currently 1'00 higher at 147'25 and the 10 Yr. Notes 10 higher at 133'20. Another "flight to safety" in the wake of further speculation that Greece could leave the Euro. (May 23)

MORE TOPICS: GOLD, SILVER