By Musabbir Mazhar US equities has seen a sell-off in the market last week and many are delving into the thought that the market has just started its long awaited downward spiral- I don’t think so. P/E multiples have grown surely but if you compare them to the time after the crises – when US financial […]
Archive | January, 2014
US – Canada Jobs report, USD/CAD, US Budget Surplus; Market update 17th Jan 2014
By Musabbir Mazhar The US Jobs number came out last Friday (10th Jan) at 74,000 job additions for December which has been taken by the markets as a shocker and the US 10 year treasury yields went down on the news. But more sense should be put into this- Workers weren’t looking for work for […]
CAD dollar weaker; market update: 2nd Jan 2014
By Musabbir Mazhar The CAD/USD exchange rate was at 0.9384, up 9 basis points – The currency pair was stable at the close on Thursday. As the number for initial US jobless claims for the week ending December 27 dropped by 2000 to 339,000 – the demand for the US dollar strengthened. China’s manufacturing data […]
Looking at Oil prices at end of year
By Musabbir Mazhar WTI Crude fell down about 1% on Tuesday morning to $98.27 per barrel for February delivery – oil finished the day at 98.42 on the New York Mercantile Exchange (NYMEX) – the largest commodity futures exchange. WTI is up 7% in 2013 – it crossed $100 per barrel on December 27th last […]
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