On the 22nd of May, representatives of Lloyds Banking Group and RBS Banking Group announced that they would not have to ask investors for fresh capital. The two have already discussed their financial strength with regulators and assured the City that they would not need investors’ money.
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Amazon.com reported its sales figures on 25th April causing its share prices to dip dramatically greater than any other daily drop that we have witnessed in the last 15 months. This sudden dip was one of the major contributors to the drag on Nasdaq and S&P 500 on the 26th. The negative gross domestic product report was another factor weighing down the market and causing it to slump early Friday morning. However, investors looking for a bargain soon corrected the slump.
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Amazon.com reported its sales figures on 25th April causing its share prices to dip dramatically greater than any other daily drop that we have witnessed in the last 15 months. This sudden dip was one of the major contributors to the drag on Nasdaq and S&P 500 on the 26th. The negative gross domestic product report was another factor weighing down the market and causing it to slump early Friday morning. However, investors looking for a bargain soon corrected the slump.
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Apple iPad continues to hold the lead over Web traffic on the tablet market; the runner-up is Korean giant Samsung with its flagship Samsung Galaxy Tab. Tablet sales figures are in favor of the iPad, with 45 percent of tablet shipments generated by Apple’s tablet, and as little as15 percent gained by Samsung in the fourth quarter of 2012.
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Social media effect of event are becoming increasingly noticeable, as the social media are getting more interconnected with all the spheres of human life. This evolution has come to the point where a single Twitter message can affect global economic situation. The Twitter hoax on April 23 has not yet gotten any resolve; there appeared a piece of information that President Barack Obama was injured in the explosion in the White House. The news erased some $136 billion in market value, sending Dow Jones Industrial Average down whopping 150 points.
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The Pound has been doing quite well recently, but some tests are incoming for the currency as investors are absorbing UK inflation data. As the spring is coming, markets are much likely to see some volatility, given the fact that past few years have shown choppy trading.
The UK inflation reports were announced at last minutes of Bank of England’s meeting. The reports included consumer and wholesale price indices to be within expected levels. CPI rose 0.3 percent in March, for a 2.8 percent yearly pace.
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