musiclover
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Posts by musiclover
Congressional Stock Trades Get Scrutiny
Nov 18th
The STOCK Act, a bill that would ban members of Congress from trading stock based on nonpublic information they get because they’re lawmakers, has 61 co-sponsors and counting. And after years of languishing with only one hearing, the measure is getting one in the House Financial Services Committee. More >
US Stock Futures Edge Higher Ahead Of European Summit
Oct 22nd
U.S. stock index futures edged higher Friday, with strategists expecting a day of cautious trading as European leaders remained divided over how to address the euro-zone debt crisis ahead of a Sunday summit meeting. More >
Prime Mortgage-Bond Index Drops, Stirring Worries
Oct 14th
A surge of activity in derivatives indexes measuring risk in prime mortgage bonds threatens to shake investor confidence in the underlying securities just as some observers thought they were starting to attract buyers again after the crisis.
One PrimeX index, which tracks the price of bonds backed by pools of adjustable-rate mortgages, fell 2.75 cents on the dollar Friday, to 95.28 cents from 98.13 at Thursday’s close, according to index administrator Markit. That is a big move for a single day. That index fell below 100 cents on the dollar Tuesday for the first time ever, to 98.125. More >
Stock Exchange enters £1bn battle for LME
Sep 30th
The London Stock Exchange has emerged as one of nine potential bidders in the £1bn auction of the London Metal Exchange. The exchange, currently in exclusive talks with LCH.Clearnet – which provides much of London’s share-trading back office – over a potential merger, could team up with the Singapore Stock Exchange to generate added firepower for what is expected to be a hotly contested battle. More >
Muni Bonds Seem Poised for Pain
Sep 25th
Municipal bonds have been one of the top-performing asset classes in 2011. But the rally might not last much longer, advisers and strategists say.
The Merrill Lynch Municipal Masters Index has returned 9.5% this year, outpacing stocks and corporate bonds, and trailing Treasurys by just 0.3%. Driving the gains: bargain-basement prices, decreased bond issuance, a recovering economy and falling Treasury yields.
Indian Markets Trading Strong; Asian Stocks lower
Sep 2nd
At 1.30 pm, Indian stock markets were trading strong with BSE Sensex up by 160 points at 16840 and NSE Nifty higher by nearly 42 points at 5042.
Among top gainers today were Sterlite Industries. More >
