Norway’s central bank, Norges Bank, maintained its key policy rate at 2.25%, and signaled further rate increases. The Norges Bank Governor, Øystein Olsen, said: “The decision must especially be seen against the background of the recent flare-up in financial market turbulence and clear signs of weaker growth internationally,”… and “An overall assessment of the outlook and the balance of risk suggests that the key policy rate be left unchanged at this meeting,”.
At its previous meeting the Bank held the interest rate unchanged, after increasing the interest rate by 25 basis points to 2.25% in March. The Bank expects inflation to remain relatively low, but to progress towards the 2.5 percent inflation target (but with due upside inflation risks); Norway reported annual inflation of 1.6% in July, up from 1.3% in June, 1.6% in May, and 1.3% in April this year. Core inflation in July was 1.2%.
Share Bazzar Live
By Ruhi
Every morning, an Indian Investor or trader will check out all the happenings that will have a bearing on the country’s stock market when it opens for trading. He/she would also listen to the opinions of technical analysts on TV channels and to the tips given by financial advisors through online channels, via SMSs or over the phone. From this it can be easily inferred the importance of live share bazaar.
In order to invest successfully, you must keep a tab on movements in the live Indian stock markets, or share bazaar. Live charts give you almost all share market news and a fair idea on whether you should consider investing in stock markets or not. Live charts of stock movements can be watched either on websites or on television. Other than this, you can undertake activities like:
1. Watch and analyze live graphs of Indian stock market as far as possible and note opening price of the top 3 stocks. Also check the opening of stock bazaar exchanges where green Indicates positive opening red signifies negative opening.
2. If the market opens in negative and if the market is acting contrary to the brokerage recommendations, you need ignore the stocks.
These are few basic ways of ensuring profit booking. However, the success is also dependent on numerous other factors such as festival occasions, political news and disaster news. With experience, you will be able to analyze the market better and ensure better profit booking.
As for an average individual, he/she would not turn to investing as a means of earning in most cases, specifically in the current financial climate. Well the truth is still the same, investing is among the safest and best means of earning consistently irrespective of the financial climate. Most investments are planned according to the anticipated highs and lows in an economy, with numerous individual strategies available for minimizing associated risks.
Online Share Bazaar Trading
Online trading and/or investing is altogether a different ball game, or the same game with different rules to say the least. Due to the coming of age of internet and advancements in mobile communications are jointly providing online investors with all the access to relevant and important data, in addition to allowing users to receive real-time updates and alerts.
Now, the cumbersome data compilation is done by advances software dedicated for the same, thus helping the users access only the relevant information which helps them in responding to changes fast and effectively. Some of the new platforms also give the luxury of mock trades & transactions that help the users in learning the ropes of trading without risking assets.
About the Author
Huang Says U.S. Downgrade to Benefit Singapore, Malaysia
Aug. 10 (Bloomberg) — Matt Huang, a Singapore-based currency and rates strategist at Macquarie Group Ltd., talks about Standard & Poor’s decision to downgrade U.S. debt and its implications for foreign investment in Asia. Macquarie said Singapore and Malaysia will be the main beneficiaries of inflows into the region as global funds step up diversification into non-dollar assets after the U.S. lost its top credit rating. Huang speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)
Citi’s Chua Expects PBOC Done Tightening for This Year
Aug. 10 (Bloomberg) — Johanna Chua, Hong Kong-based head of Asian economic research at Citigroup Inc., talks about China’s economy, central bank monetary policy and currency. Chua also discusses Standard and Poor’s decision to downgrade U.S. debt, and Federal Reserve monetary policy. She speaks with Rishaad Salamat, Susan Li and Phillip Yin on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)
My High-Yield Advice For This Market
Amid the drumbeat of weak U.S. economic data and continuing European debt worries, global stock markets sold off last week. Then came the U.S. credit downgrade from Standard & Poor’s.
The U.S. markets dropped between 4-5% last Thursday alone. This week they continued their drop, before bouncing back dramatically on Tuesday.
Following Thursday’s fall, I told subscribers of my premium High-Yield Investing advisory that “in all likelihood, the worst is not over yet. I could see the S&P 500 retreating perhaps another 70 to 100 points from here to the 1150 or 1120 level.”
That’s where we hit on Monday’s sell-off. And with today’s rebound, that level may end up being the bottom; it is too early to say for sure. But even while the market is bottoming out, at the very least we’re going to continue to see volatile — and sometimes frustrating — trading.
That’s the bad news.
The good news is that I believe dividend-paying stocks are one of the best places to shop in a downturn. Don’t get me wrong. Dividend payers aren’t immune to downturns. And they aren’t as stable as cash in a savings account.
But the last time I looked, cash won’t pay you 6%… 8%… even 10% or more per year.
During times like these, high-yielding income payers with solid fundamentals and positive long-term outlooks become even more attractive. As the saying goes, you’ll see investors “throw the baby out with the bathwater.” As the price of these securities falls, yields rise, making them appealing to bargain-hunters.
In fact, in the downturn of 2008-09, you were able to pick up some unbelievable high-yield bargains. Wells Fargo Capital XIV, 8.625% Trust Preferred Shares (NYSE: WCO) traded as low as $14.18 at the height of the crisis, despite having a face value of $25 per note. If you bought at that level, you locked in a yield of 15.2% on your money, and today the shares trade above their $25 face value.
In my seven years at the helm of High-Yield Investing, I have witnessed a similar pattern numerous times. After the market bottoms, many dividend stocks in my portfolio rebound with a vengeance. If history is any gauge, the pattern will likely repeat itself.
Now, I am waiting for confirmation of a bottom in the overall market before I commit too much capital… but I’m seeing yields rise across the board.
And as for those securities I already hold?
I am a buy-and-hold investor. Unless there is clear evidence that fundamentals have changed and the dividend is endangered, I see no reason at this time to succumb to negative market sentiment. That has certainly proved to be good advice in light of Tuesday’s rally.
Good Investing!
Carla Pasternak’s Dividend Opportunities
P.S. — Don’t miss a single issue! Add our address, [email protected], to your Address Book or Safe List. For instructions, go here.
Disclosure: Carla Pasternak owns shares of WCO as part of High-Yield Investing’s model portfolio.
Empire’s Bennett Says He’s `Very Bullish’ on Stocks
Aug. 10 (Bloomberg) — Clifford Bennett, chief economist at Empire Economics, talks about the outlook for the global economy and stocks. Bennett also discusses Federal Reserve monetary policy. He speaks from Sydney with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)
British Sterling in Trouble
By James Smith
The nation of England has seen an immense amount of trouble in recent days; the city of London has been subject to looting and mass riots. These acts have caused many investors to doubt the stability of the country, and the Sterling has dropped against other majors on the online forex exchange. The country has been instituting very unpopular austerity measures lately, and while this has been good for investors, it is now turning sour. The youth in the nation are beginning to see closures of youth programs and other services, and as a result the youth have begun wandering the streets aimlessly. This huge influx of bored teens and other young adults has resulted in a wave of crime around the city of London.
Unlike America England has very few guns, so the violence in the city has consisted of fists and knives. This unique type of violence is still causing deaths in the area, and has resulted in various “knife stashes” throughout various London boroughs. This new epidemic of violence in London has been responded to with budget cuts instead of fresh ideas, and while this is good for the economy in the short term, there is a long-term powder keg being built. There needs to be credence paid to this new problem, or London, and England as a whole are going to be in serious trouble. There has to be a complete overhaul of the current system, or there will be continued violence, and it may spread to more rural areas of the country.
England has had a very strong currency up until now, but if things continue to worsen it will surely slide against the majors. There must be a way to balance rigorous austerity measures with the need to keep the fabric of society intact. Riots and acts of violence that occur on a consistent basis will always hurt commerce, and such damage will inhibit the progress of the entire economy. This type of disruption is what has caused countries like India to have a slow ascent from its status as a third world nation, and the violence in Greece has made it a virtual “ghost town” where investors are concerned. The last thing England’s economy needs is continued violence, and even if the cost is substantial it will be worth it. Continuing to neglect to address this problem will only cause it to worsen.
About the Author
The author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to stay up to date with the latest forex quotes
Saywell Says Fed Policy Decision Is `Dollar Negative’
Aug. 10 (Bloomberg) — Steven Saywell, head of foreign-exchange strategy for Europe at BNP Paribas SA, discusses the outlook for the U.S. dollar after the Federal Reserve pledged record-low interest rates. Saywell speaks with Linzie Janis on Bloomberg Television’s “Countdown.” (Source: Bloomberg)
Ladrokes’ Royal Says Too Soon to Assess U.K. Riot Costs
Aug. 10 (Bloomberg) — Richard Royal, public affairs manager at Ladbrokes Plc, talks about the business impact of the U.K.’s civil unrest and rioting. He speaks with Linzie Janis on Bloomberg Television’s “Countdown.” (Source: Bloomberg)
Cliggott Says Fed Policy Makes Equity Yields Attractive
Aug. 10 (Bloomberg) — Doug Cliggott, U.S. equity strategist at Credit Suisse, talks about Federal Reserve monetary policy and its impact on investment in equities. Cliggott speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)