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On Monday, U.S stock markets were on track for a lower open with the losses from banking stocks putting out the flames responsible for Wall Street’s strongest start in over ten years. Last week, the Dow Jones Industrial Average recorded its best first four trading days in a year since 2003, while the Nasdaq and the S&P 500 had their strongest start in twelve years.
“We had a strong market in the past week, and what generally happens in the first week sets the trend for the remainder of the year. Now that it’s established, there could be some profit- taking,” said Peter Cardillo, a chief market economist….Read More Now
THE HERALD FINANCE REPORT
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On Monday, the euro shed a third of a percent as investors took profits following its recent rally. Although, the outlook remains bullish for the single currency with the improving economy.
Some investors viewed the dip is the euro an opportunity to purchase the single currency as foreign exchange markets continued the idea of selling the dollar from the end of last year and Asian stocks approached all-time highs….Read More Now