Thursday, June 23, 2011

Making Money on Line

Forex Pros – European stock markets were broadly lower on Wednesday, as lingering fears over Greece's finances and the euro zone&rsquo;s spreading debt crisis weighed, while U.S. futures pointed to lower open on Wall Street.<br /><br />During European morning trade, the EURO STOXX 50 slumped 0.35%, France&rsquo;s CAC 40 declined 0.38%, while Germany's DAX 30 dropped 0.4%.&nbsp; <br /><br />Greek newspapers reported on Wednesday that the government was considering organizing a referendum on additional austerity measures after it failed to reach consensus with the opposition.<br /><br />Rumors that Greek Prime Minister George Papandreou could resign, leading to a snap election also weighed on sentiment.<br /><br />Meanwhile, shares in the technology sector performed poorly after Applied Materials, the world&rsquo;s largest producer of chip-making equipment forecast full-year earnings that missed market expectations.<br /><br />Infineon Technologies, Europe&rsquo;s second largest chipmaker declined 2.15%, shares of STMicroelectronics shed 1%, while U.K.-based ARM Holdings slumped 1.7% in London. <br /><br />In London, the FTSE 100 edged 0.25% lower as shares of telecom company Cable &amp; Wireless Communications plunged 7.3% after reporting annual profits. <br /><br />The telecom firm reported a jump in fiscal-year net profit, but it also said business in the Caribbean &ldquo;has been more difficult than we anticipated at the time of the demerger&rdquo; and that the company continues to face &ldquo;weak or declining economies across the region.&rdquo;<br /><br />Shares in rival Vodafone declined 1% after Nomura Holdings downgraded the stock to &lsquo;neutral&rsquo;. &ldquo;Vodafone has the highest exposure to European mobile coverage, and thus, we recommend that investors reduce overweight positions,&rdquo; the broker said. <br /><br />On the upside, copper miner Antofagasta climbed 1.5% after Morgan Stanley upgraded the stock to &lsquo;equal-weight&rsquo; from &lsquo;underweight&rsquo;, saying it now trades in line with the sector. <br /><br />Earlier in the day, official data showed that U.K. gross domestic product grew by 0.5% in the first quarter, in line with preliminary estimates.<br /><br />The outlook for U.S. equity markets, meanwhile, was downbeat. The Dow Jones Industrial Average futures pointed to a decline of 0.24%, S&amp;P 500 futures indicated a drop of 0.2%, while the Nasdaq 100 futures slipped 0.25%.&nbsp; <br /><br />Later in the day, the U.S. was to publish official data on durable goods orders as well as a government report on crude oil stockpiles.<br /><br />



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Friday, June 17, 2011

Making Money From the Internet



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