Binary Options Daily Review – May 25, 2010
Forex update: Euro in free-fall
The euro kept falling against the dollar and yen as concerns grow that the euro-zone’s sovereign debt turmoil has started to undermine the health of the region’s financial system.
British shares fall through key level
The FTSE 100 falls below the 5,000 level for the first time since late last year on Tuesday, pulled down by heavy losses for banks and miners.
European stocks suffer steep losses
European shares fell sharply on Tuesday, with banks and miners taking the brunt of the selling as investors fretted over tensions in Korea as well as problems with debt burdens and bank balance sheets closer to home.
U.S. pointing to a very weak start after steep losses on Monday
U.S. stock futures pointed to a turbulent start Tuesday amid tensions in North Korea and euro-zone debt and bank concerns. The Dow Jones Industrial Average dropped 199 to 9,844.00. A late sell-off sent stocks to a steep loss Monday that erased all the previous session’s gains, underscoring that investors’ fears about Europe’s credit crisis and tighter rules on Wall Street are still running strong.
‘Bull case’ for Apple
Apple’s shares get a lift after a Morgan Stanley analyst says the tech blue-chip could be worth $400 a share.
Oil edges up despite strong dollar
Crude inched up Monday, hanging on to higher prices even as futures battled a stronger dollar and a down day for U.S. stocks.
No surprise, Gold higher
Gold and other metals futures bounced back on Monday, with investors more eager to buy bullion as prices had come off from their record mid-May highs.
