DT Trading Limited

European stocks fell as they corrected after the largest monthly growth since July 2009, as some investors again started to reluctantly buy stocks before Euro zone leaders had a chance to explain how they will pay for the expansion of the region’s rescue fund. Futures on American stock indexes and Asian shares also fell. Shares of HSBC Holdings Plc and BHP Billiton Ltd led the drop among shares of companies in the banking and commodity sectors. The Stoxx Europe 600 Index dropped 1.1% to 246.18 as of 10:32AM in London. The index closed with monthly growth of 8.8%, which is not bad considering it was the highest growth in over two years. On October 28 last week, the European stock index underwent a 0.2% correction after 3.6% growth the previous day following Euro zone leaders announcing that they intended to increase the EFSF in an attempt to put a stop to the region’s debt crisis. In total, the index shot...

Durable goods orders might have fallen in September after the drop in orders from aircraft manufacturers neutralized the successes of such companies as Caterpillar Inc (CAT), which show increasing production thanks to their expansions to overseas markets. According to the estimates of 79 economists polled by Bloomberg, orders for equipment with three years of service life or more fell 1% after decreasing 0.1% in August. According to the same poll, orders for goods excluding aircraft (so-called business investment orders) rose 0.4%. The growth in developing countries’ economies and the 14% drop in the dollar’s value since June 2010 is accelerating American exports to record-high levels. It is also being helped by companies such as Caterpillar to defend itself from a prolonged drop in US housing construction, a major deterrent to the emerging economic recovery. The second report coming out today from the Department of Commerce might show that new homes sales did not significantly fluctuate from the six-month low. According...

Today, immediately after American and European stocks jumped up in response to a promise from the German and French leaders to resolve the debt crisis in Europe, Asian stock indexes also rose, pushing the regional MSCI Asia Pacific Index to a high for the fourth day in a row. Shares of Rio Tinto Group, the second-largest mining company in the world by sales volume, rose 1.6% in Sydney, while shares of Korea Zinc rose 6.5% in trading in Seoul. Mitsubishi Corp, which receives almost half of its income (43%) from trading in commodities, saw its shares rise 2.9% in Tokyo at the same time that shares of Sony Corp, Japan’s largest exporter of consumer electronics, shot up 5.2%. The Japanese markets are resuming their trading today after being closed for a holiday on Monday. The MSCI Asia Pacific Index rose 1.1% to reach 114.94 by 9:25AM in Tokyo, thanks to growth in exporters’ shares and shares of mining companies after prices on...

Today, Steve Jobs passed away at age 56 after a six-year battle with a rare form of cancer. He dedicated what was left of his life and health to that which he will be remembered for forever. “Steve’s brilliancy, passion, and energy were the source of countless innovations which enriched and improved each of our lives,” said a statement released by Apple. “The world is immeasurably better because of Steve.” The entire DT Trading Limited team expresses their deep sympathies to the friends and family of the genius inventor and one of the world’s greatest managers. When the company reported the death of its founder and inspirer, the markets in New York were already closed for the day. Yesterday, shares of American companies rose in unison for the first time in a long time: the Standard & Poor’s 500 Index demonstrated the largest two-day growth in over a month. The economic data that came out on Wednesday contributed to such high...

Yesterday, it was reported that Finland will receive the collateral it demanded as a condition of providing aid to Greece. The Finnish government was able to secure the collateral, but it won’t protect the country’s taxpayers from having to pitch in for financing a second wave of the crisis. “The value of the deal is in the eye of the beholder,” said Ville Pernaa, director of the Parliamentarianism at the University of Turku. “But this isn’t really what Finland sought to begin with.” The issue is that the government’s refusal to develop a plan for Finland to assist Greece that was more advantageous to the Finnish electorate could inflame talks between skeptics within the country that hold the third biggest bloc in parliament. The “True Finns” party, led by Timo Soini, which is directly encouraging Greece to default and to admit that the Euro is a failed experiment, is the second most popular party in the country after the National Coalition...

Yesterday at the close of trading in New York, US stock markets rose, bouncing back from their earlier losses. Lower than expected unemployment claims in the US and the German parliament’s approval to increase the European Financial Stability Fund helped to compensate for the drop in the middle of the week, which came at the expense of high-tech companies and the consumer sector. Greek bonds increased, and the Euro appreciated. The Standard & Poor’s 500 Index went up 0.8% to 1,160.40 at the close of trading in New York, recovering after a 1% drop the day before. The Nasdaq Composite Index fell 0.4%, while the Stoxx Europe 600 increased 0.7% after banking sector stocks strengthened. Yields on two-year Greek bonds fell 453 basis points to 65.24%. Natural gas went down 1.4% in price after the US reported growth in supplies at the same time that oil prices rose. DT Trading analysts believe that on Friday, at the close of the month,...

Greek finance minister Evangelos Venizelos announced that his country will do “everything possible” to reach target budget levels and to prevent Greece from being made a “scapegoat” for the global economic crisis. Venizelos, who is also the deputy prime minister of Greece, promised that his country will always remain a member of the Euro zone. In order to allay investors’ fears, he said that the debt crisis will not lead to Greece leaving the currency union. “Greece wants this and will do this,” he said during an address in Washington today after taking part in the IMF and World Bank’s annual meetings. “We are ready to take the necessary measures and pay any political price” to improve the economy, the minister summed up. Greece still hasn’t met the conditions for the second tranche of an international emergency line of credit since questions remain about whether it can meet the conditions. DT Trading economists believe that Greece will begin restructuring its debt...

In morning trading in Europe today, stock indices bounced back from a two-year low after the G-20 countries pledged to provide a “firm and coordinated” answer to the problems facing the world economy. American futures garnered support while Asian stocks fell. Adidas AG (ADS) went up 2.9% after its main competitor Nike Inc surpassed its predicted annual sales and reported that the company’s profit exceeded estimates. The Rio Tinto Group nevertheless took a fall among commodity producers after bronze prices dropped. The Stoxx Europe 600 Index increased by 0.6% to 216.2 as of 9:20AM in London, although just yesterday it was down 4.6%. Futures on the Standard & Poor’s 500 Index increased 1% and the MSCI Asia Pacific Index fell 1%. Despite the rebound, DT Trading analysts are anticipating the markets to drop further as long as the threat of rolling back into an economic recession exists on both sides of the Atlantic. The correction that began at the end of the week...

Italy's credit rating was downgraded yesterday evening by ratings agency Standard & Poor's. This was Italy’s first downgrade in the past five years after Greece’s worsening financial situation has heightened concerns that the “Greek contagion” will also take hold of countries like Spain and Italy. S&P lowered the country’s rating from A+ to A, saying that the weakening economic growth, “fragile” government, and increased borrowing costs will create difficulties for decreasing the second largest debt burden in Europe. Yields on 10-year Italian bonds increased today by three basis points to 5.619%, which is 385 basis points more than yields on analogous German bonds. The European Central Bank had to buy Italian and Spanish bonds last month after their yields increased to a record high for the Euro amid fears that they will be the next victims of the two year-long debt crisis which led to bail-outs for Greece, Ireland, and Portugal. Another ratings agency, Moody’s Investors Service, will decide next month whether...

The Euro is losing value against the dollar for the second day in a row while Asian stocks plummeted after European politicians were unable to present a plan to put a halt to the region’s debt crisis. Gold prices increased and the dollar appreciated against most other major currencies. DT Trading experts report that the Euro had dropped 0.8% to 1.3689 as of 8:20AM in Hong Kong. The MSCI Asia Pacific Index dropped 0.6%, not accounting for Japan. Meanwhile, futures on the S&P 500 Index fell 1.3% and gold ascended 0.7%. The dollar index, which measures the value of the dollar against the currencies of six of the US’s main trading partners, increased 0.6%. EU finance ministers announced at their summit that the 18-month debt crisis is not leaving room for tax cuts or additional expenses for stimulating the economy, which is on the brink of stagnation. Economic reports on Germany this week show reduced investor confidence and a drop in...