Dow jumps 212 Points on ECB Vow

Posted on by The INO.com Team

(AP:NEW YORK) It was the buy signal that markets were waiting for.

When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.

The Dow Jones industrial average on Thursday jumped 212 points, or 1.7 percent, to 12,888 following big gains in European markets. Benchmark stock indexes in Spain and Italy surged 6 percent and 4 percent in France. Continue reading "Dow jumps 212 Points on ECB Vow" →

Dollar Losing Ground Vs. Euro After Draghi's Comments

Posted on by The INO.com Team

(RTTNews) - The dollar has pulled back against its major European competitors on Thursday, following comments made by Mario Draghi in defense of the Euro. The comments also sparked a rally in European stock markets and the Spanish 10-year yield dropped more than 30 points to around 6.82 percent, after climbing to a record 7.60 percent earlier in the week.

The European Central Bank President Mario Draghi on Thursday said the bank is prepared to take whatever measures needed to preserve the euro. "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro," he told an investment conference in London. "And believe me, it will be enough." Continue reading "Dollar Losing Ground Vs. Euro After Draghi's Comments" →

Daily Video Update: When Mario speaks, the markets freak!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 26th of July.

Here is what Mario Draghi, the President of the European Central Bank (ECB), said today in Europe that freaked the markets:

"Within our mandate, the ECB is ready to do whatever it takes to preserve the Euro. And believe me, it will be enough."

My thoughts are, talk is cheap, show us the money Mario!

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Stocks soar after ECB vows to protect the euro

Posted on by The INO.com Team

(AP:NEW YORK) Stocks soared in the U.S. and Europe Thursday after the European Central Bank president vowed to "do whatever it takes" to preserve the continent's monetary union.

The Dow Jones industrial average soared 234 points to 12,913 in the first hour of trading, following European markets sharply higher. Benchmark indexes in Spain and Italy each jumped 5 percent. France's stock market surged 3 percent.

The comments from Mario Draghi at an investor conference at the Olympics raised hopes that Europe's central bank might intervene in markets to bring down the cripplingly high borrowing costs for struggling European countries like Spain and Italy. Continue reading "Stocks soar after ECB vows to protect the euro" →

Bypassing Government Roadblocks to Your Personal Prosperity

Posted on by The INO.com Team

By David Galland, Casey Research

Recently I helped out with some delivery chores. As I drove about, I discovered that one of the roads I would normally use was closed by roadblocks. It was, I imagine, due to road repair work. I had to reverse course and take a substantial detour.

I wondered why the road crew hadn't put up a sign indicating the road was closed back at the main intersection, but I shrugged and muttered something like "Typical government operation." Continue reading "Bypassing Government Roadblocks to Your Personal Prosperity" →