19 Oct '11, 4am

Daily Comment on the US and SG market (19/10/2011)

Rumours Flying On EU Bailout Fund, Fed May Need To Burst Some Asset Bubbles US market started the day slipping into negative region as it retreated from its firm resistance at 11,620 pts. It slowly recover ground in anticipation of Fed Reserve Chairman Ben Bernanke’s speech. Towards the end of the trading day, it suddenly surged as UK Guardian reported that France and Germany had agreed to upsize the European Bailout Fund. According various report, the news UK Guardian reported was dismissed by traders in the market saying it was “nothing new” or “totally wrong”, as it quoted unnamed sources. On … Read the full article → Related posts:Question on a Will writing obstacle II (legal guardian) Daily Comment on the US and SG market (15/09/2011) Daily Comment on the US and SG market (12/08/2011)

Full article: http://thefinance.sg/2011/10/19/daily-comment-on-the-us-a...

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