Shalom Life | April 24, 2014

This Week in the Global Markets Nov 22-26

What did my money do this week?

By: Yosef Tastassa

Published: November 27th, 2010 in Business » World

This Week in the Global Markets Nov 22-26

It was one of this weeks when economics and politics walked as if they were a bride and a groom. But this week's events did not bring the couple to a good marriage.

After the monetary restraint in China and the negative impact on the markets, the last thing that Asia needed was the rising tension in the Korean Peninsula. As we all know North Korea is capable of using nuclear weapons and the regime is far from being rational. The only hope in Asia this week was Japan's industrial data which boosted the Nikkei 225 above 10,000 points.

The real economic stories this week came from Europe. If you look at the data in the tables below, two of the numbers should worry all of us.

The Madrid stock exchange dropped by 7 per cent this week, amid fears that Spain is the next European country to face monetary problems and even bankruptcy. We wrote some articles about the Irish problems and the rescue package from the EU and the IMF.

This time I tend to agree with Professor Roubini that Ireland and Greece are nothing compared to Spain. Let us all hope that the apocalyptic prophecy of the Professor will not come true.

Amid the European problems, the Euro lost over 3 per cent against the Canadian Dollar. If any of you were planning a vacation to the continent, your money is worth more.

The Israeli market kept its strong maneuvers amid the taxing issue of the energy sector and the thrill around the Leviathan reservoir. Teva will be in focus in the coming week after analysts see a bright future for the company.

The world energy sector kept boiling this week. The prices of crude oil and of natural gas surged by 2.78 and 2.64 per cent respectively.

TSX – Home sweet home. The Canadian market showed stability. As we speak, the TSX Index lost 0.41 per cent on Friday the closure was around 12,892.71 points. The weekly performance of the TSX Index was -0.49 per cent, not bad at all when comparing it to some European and most Asian markets.

Data Accuracy: November 26, end of trading day.

See tables below.

Stock Markets

North America

Points

Nov. 26

Change %

1 week

TSX - Toronto

12,892.71

-0.49

Dow Jones - New York

11,092.00

-1.00

NASDAQ – New York

2,534.56

+0.65

S & P 500 - US

1,189.40

-0.86

Asia

Hang-Seng - Hongkong

22,877.25

-3.09

Shanghai - China

2,871.70

-0.58

Nikkei 225 – Tokyo Japan

10,039.56

+0.17

SENSEX – Mumbai India

19,136.61

-2.29

ASX - Sydney

4,690.2

-0.58

Israel's Mobileye May Power Tesla's Driverless Car Israel's Mobileye May Power Tesla's Driverless Car TrendingIsraeli Wi-Fi Powers Russian Subways Israeli Wi-Fi Powers Russian Subways TrendingWhatsApp Hits 500 Million Active Users WhatsApp Hits 500 Million Active Users Trending
 

Jewish Hall of Fame: Émile Durkheim

April 23, 2014 | By Zak Edwards
Jewish Hall of Fame: Émile Durkheim

The French sociologist, social psychologist and philosopher is considered to be one of the founding fathers of social science

Read More

Anton Yelchin and Zooey Deschanel Slated for ‘The Driftless Area’

April 23, 2014 | By Sarah Bauder
Anton Yelchin and Zooey Deschanel Slated for ‘The Driftless Area’

The film will also star John Hawkes, Ciaran Hinds, and Alia Shawkat.

Read More

Sarah Silverman Apologizes in Advance For Swastika Doodle

April 23, 2014 | By Ashley Baylen
Sarah Silverman Apologizes in Advance For Swastika Doodle

The controversial comedian posted a doodle she drew of a swastika to her Twitter feed.

Read More

Andy Samberg to Return to ‘SNL’ as Host

April 23, 2014 | By Ashley Baylen
Andy Samberg to Return to ‘SNL’ as Host

The 'Saturday Night Live' alum will be hosting on May 17th.

Read More

Drake Lint Rolls His Pants During Raptors Playoff Game [VIDEO]

April 23, 2014 | By Ashley Baylen
Drake Lint Rolls His Pants During Raptors Playoff Game [VIDEO]

The Raptors global brand ambassador wanted to ensure he looked his best while his team beat the Brooklyn Nets

Read More

Drew Barrymore and Will Kopelman Welcome Baby Frankie

April 23, 2014 | By Ashley Baylen
Drew Barrymore and Will Kopelman Welcome Baby Frankie

The actress announced the birth of another happy baby girl on Tuesday.

Read More

Mel Brooks to Star in Autobiographical One-Man Show

April 23, 2014 | By Ashley Baylen
Mel Brooks to Star in Autobiographical One-Man Show

The 87-year old actor/director is planning a solo show in Los Angeles for one-night only.

Read More

Travel Back in Time with Google Street View

April 23, 2014 | By Daniel Koren
Travel Back in Time with Google Street View

Google's latest feature allows you to scroll through past Street view photos, whether in New York, Toronto, or Singapore

Read More

More Headlines