Buy IDBI Bank
Current Market Price: 65.9
Target Price: 73
Stop Loss: 59.5
Potential Upside: ~ 10%
The stock hit its 5 year low in September, 2013. 143 more words
That’s right, over 150+ points in the ES in under 2 weeks! See the 2 chart images below showing the 60 minute Emini SP chart with TAS trading indicators. 196 more words
The decline of copper is another symptom of the wave of deflation we’re seeing in prices.
Today on the economic calendar we have from China, the world’s biggest copper consumer, the GDP year-over-year of the 3rd quarter that is expected to fall from 7.5% to 7.2% showing a shrinking economy. 118 more words
So China’s GDP numbers hit the wires this morning around 10 am. At 7.3% rather than the expected 7.2%, it first gave the market a slight shot upwards but then after that quickly gave back those gains as some people are now speculating that any easing or stimulus measures are further away than they would have been with a ~7% growth. 628 more words
Today, the Asian markets ended with sharp gains, highlighting the Nikkei with gains of 4%.
As factors that contributed to this were, the rise of Wall Street, the news that the state pension fund will increase their exposure to equities to 25% of its assets and the decline of the Yen against the Dollar and Euro. 139 more words