Shalom Life | July 29, 2015

This Week In the Global Markets Oct 15-22

"What did my money do this week?"

By: Yosef Tastassa

Published: October 23rd, 2010 in Business » World

This Week In the Global Markets Oct 15-22

The Toronto TSX Index is eventually stable during trading this week. Stocks dropped over 1% after the announcement of China's Central Bank of increasing the interest rates. On Wednesday and Thursday markets recovered and return to the level of 12,601.18 points, similar to last week’s closure.

Saskatchewan Potassium is at the focus Sinochem will not buy Potash Corp, but signed a three year supply agreement with Canpotex, which is owned by Mosaic, Agrium and Potash Corp.

Positive 3Q reports from New York, especially AT&T, Caterpillar and McDonalds, kept markets high despite concerns of a new recession.

Bernanke is mildly optimistic and foresees a slow positive growth despite a huge federal deficit of $1.294 trillion for fiscal year 2010.

The Dow Jones added 0.8% closing at 11,132.56 points. NASDAQ added 0.95%, only 21 points away from the 2,500 points psychological barrier.

Tiny Tel Aviv 25 Index again broke its record this week. Stocks went up and the Index reached its highest peak ever of 1,272.25 points. Positive reports from the financial and industrial sectors pushed the market highly up on Thursday. Energy sector is still at focus, high fluctuations and eyes 135 km west to Leviathan initial drilling results.

The S&P 500 kept steady this week as well. The Index is higher by nearly 1% to 1183.08 points.

China's markets slightly high despite the Central Bank’s surprising increase of interest rates by 0.25%. China's cooling economy pushed deeply down the commodities this week.

Japan – still weak macro economic data, concerns about the central bank's ability to help in recovering the state's economy.

Commodities - The gold finally stopped, withdrawing by no less than 3.7% to 1,322 US Dollars per OZ. Analysts’ wide opinion is that the precious metal market is over boosted for no reason. Natural gas dropped by 10% this week, low gas prices may make this winter much cheaper.

The crude oil went down by 1.21%, still high at 81.69 Dollars per barrel.

In the Foreign Exchange sector, the "Currency War" continues. High fluctuations of currencies, Australian and Canadian Dollars are still competing against their American cousin. The Canadian Dollar weakened against most currencies this week ending at 1.0259 CAD per USD. US Treasury is still pressuring China on its Yuan policy, hoping for a coming appreciation of the Chinese currency.

Jean Claude Trichet, the ECB Governor, is concerned about the strong Euro. Prof. Nouriel Roubini is saying that a strong Euro prevents PIIGS (Portugal, Ireland, Italy, Greece and Spain) economies from recovering, labor markets remain weak, deficit still high.

Data Accuracy: October 22nd end of market trading.

Stock Markets

North America

Points

Oct. 22

Change %

7 days

TSX - Toronto

12,601.18

-0.1

Dow Jones - New York

11,132.56

+0.8

NASDAQ – New York

2,479.39

+0.95

S & P 500 - US

1,183.08

+0.86

Asia

Hang-Seng - Hongkong

23,517.54

-1.0

Shanghai - China

2,975.04

+0.13

Nikkei 225 – Tokyo Japan

Israeli Startups Set New All-Time Record, Raise $1.12 Billion In Last Three Months Israeli Startups Set New All-Time Record, Raise $1.12 Billion In Last Three Months TrendingTel Aviv Professor Says Newly Discovered Earth-Like Planet is too Far Away to Understand Tel Aviv Professor Says Newly Discovered Earth-Like Planet is too Far Away to Understand TrendingGoogle removes Hamas app from Android store Google removes Hamas app from Android store Trending
 

Israeli Startups Set New All-Time Record, Raise $1.12 Billion In Last Three Months

July 28, 2015 | By Einat Paz-Frankel, NoCamels
Israeli Startups Set New All-Time Record, Raise $1.12 Billion In Last Three Months

179 Israeli startup and high-tech companies exceed former record set in 2014

Read More

Teva to Buy Out Allergan in $40 Billion Deal

July 28, 2015 | By Maria Cruz
Teva to Buy Out Allergan in $40 Billion Deal

The pharmaceutical giant just made a deal with the Dublin-based company

Read More

Indian President Pranab Mukherjee to make Historic Visit to Israel

July 28, 2015 | By JNS.org
Indian President Pranab Mukherjee to make Historic Visit to Israel

Many are hailing the visit as a further illustration of the growing ties between the two countries

Read More

Obama Responds to Huckabee’s Holocaust Comparison

July 28, 2015 | By Maria Cruz
Obama Responds to Huckabee’s Holocaust Comparison

The "ridiculous" comments have now been addressed by the president himself

Read More

Over 10,000 Israelis Arrive to See Chris Brown

July 28, 2015 | By Amit Cotler
Over 10,000 Israelis Arrive to See Chris Brown

Brown puts on energetic show in Rishon LeZion

Read More

WATCH: Every Time Jon Stewart Has Done, or Said, Something Jewish

July 28, 2015 | By Maria Cruz
WATCH: Every Time Jon Stewart Has Done, or Said, Something Jewish

With the help of Senator Schumer, Stewart remembers his heritage in a hilarious way

Read More

This Israeli City Is Not Having Any of Nicki Minaj’s Butt

July 28, 2015 | By Maria Cruz
This Israeli City Is Not Having Any of Nicki Minaj’s Butt

Nahariya has just released a list of songs they're permanently banning, including Jason Derulo, Robin Thicke, and others

Read More

Between 800 to 900 People are Homeless in Israel

July 28, 2015 | By Daina Goldfinger
Between 800 to 900 People are Homeless in Israel

Members of Knesset discuss solutions that could be implemented to help the homeless

Read More

More Headlines