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Thursday, 23 May 10:49 (GMT -05:00)


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Stock and commodities markets

JP Morgan’s Profits Decline As Its Traders See Major Losses.


 

 

JP Morgan Chase, the USA’s largest bank, has recently reported about lower profits. The decline was mainly caused by London office’s major losses in the market of derivatives. Therefore, the banks’ overall net profit declined down to $4.96 bn or $1.21 per share. In 2011, the profit was around $5,43 bn.

 

 

 

 

 

 
It should be noted that JP Morgan Chase is one of the oldest and most influential conglomerates in the world. It is headquartered in New York and is considered the leader in terms of investment and commercial banking services. Its assets are estimated at $2.3 trillion, the biggest among US banks.
 
According to Masterforex-V Academy, US stock indexes gained more than 1% after a decline caused by JP Morgan’s report and poor economic stats form China.
 
Dow Jones gained 1,3%, JPMorgan’s stock increased by  4,3% up to $35,49 per share, despite lower profits. Merrill Lynch’s stock appreciated by 2,1% up to  $7,64 per share.
 
 
Standard & Poor's 500 rallied 1,3% up to 1 351,59 while 10 of its sub-sectors closed in the green zone.  Nasdaq Composite gained 1,1%, thus reaching 2 897,93.

 

 

 

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Japanese Stock Market Goes Red Amid Stronger Yen

 

 

The current strengthening of the Japanese Yen seems to be the major reason for today’s decline seen in the Japanese stock market. This is the biggest daily decline in 2 years.
 
Publication date: 23 May 06:18 AM

Gazprom Sees Income Decline. Possible Threats For Russia?

 

Negative forecasts for Gazprom’s future have become a routine for analysts and strategists from around the world, including Russia, China, Great Britain and the USA. While some of them can be treated as a means of info wars, most doomsday predictions are so old that they shouldn’t be considered seriously by market participants.
 
Still, there are some objective negative tendencies and factors. In particular, Gazprom has recently seen an income decline. What are the reasons behind it and what are the threats to the Russian energy-dependent economy?
 
Publication date: 22 May 08:06 AM

European Stock Indices Go Red

 

 

European stock indices are trading in the red zone in advance of the forthcoming EU summit and US economic reports. European leaders are planning to discuss the ways and means to fight tax laundering.
 
Publication date: 22 May 07:24 AM

Apple Is Planning To Patent Social Camera Flash

 

 

A couple of days ago Apple, the famous tech giant, applied for another patient. This time the tech corporation is planning to patient the so-called “social camera flash”.
 
Publication date: 21 May 03:19 PM

US Stock Indices Show Weak and Multidirectional Dynamics

US stock indices are trading without any major moves as they cannot find common dynamics. Yesterday, Standard & Poor's 500 dropped down to the local low, which can affect other stock indices. However, most indices are currently trading in the green zone.

 

 
Publication date: 21 May 03:04 PM

Asian-Pacific Indices Go Red

 

 

Asian-Pacific stock indices closed today’s Asian trading session in the red zone. Yesterday, indices reached their 5-year highs. Therefore, today’s retracement looks neutral.
 
Publication date: 21 May 09:01 AM

European Stock Indices Go Red On Poor Reports

European stock indices are trading in the red zone today amid weak quarterly reports published by several European companies.
 
Publication date: 21 May 07:57 AM

Brent Comes Close To $105/b.

 

On Monday, Brent oil was trading around $105/b, taking into account positive economic stats and stock market growth along with moderate forecasts for oil demand and stocks.
 
Publication date: 20 May 05:54 PM

Investors Should Get Ready For Further Monetary Stimuli

 

 

Lower inflation in the UK amid brighter prospects of the British economy may well give the Bank of England a few extra weapons in its arsenal of economic stimuli. This is what Martin Weale, an MPC member, thinks on the issue.
 
Publication date: 20 May 05:22 PM

European Stock Indices Break Records

European stock indices have started this trading week positively and are currently trading in the green zone. Some indices keep making new 5-year highs.

 

 
Publication date: 20 May 08:55 AM