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USD/CAD Classical 04.30

April 30, 2010

USD/CAD Classical 04.30


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Stocks rally further in run-up to EU summit

Stocks advanced Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to boost economic growth across the continent, though ongoing worries over the upcoming Greek election kept the rally in check.

Risk Correlated Assets Well Offered on Rallies in European Session

Overall sentiment is still quite shaky as price action in European trade on Tuesday suggested. We continue to recommend taking to the sidelines....

Spain teachers, students strike over spending cuts

Teachers and students at all levels of Spain's education system went on strike Tuesday to protest wide-ranging government spending cuts, chanting and erecting makeshift tombs at university campuses to symbolize what they claim will be the death of the country's schooling system.

IMF calls on UK to do more to boost economy

The International Monetary Fund has issued a tough assessment of U.K. economic policy, urging the coalition government and Bank of England to do more to boost demand in the economy.

Nissan aiming for 10 percent of China luxury car market

HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG. Infiniti on Tuesday became the first global car ...

Eurozone warned ‘severe recession’ looming

The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.

Citigroup says cautious on U.S. small-, mid-cap cos

(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States. Analyst Scott Chronert downgraded the small and mid-cap technology sector to "market weight", ...