phaedo

© Dannels

There is a lot of speculation going around in the stock market about the issues that are driving the market trends. While many in the stock market have pointed to macro-economic issues like the debt ridden Europe and the false market rallies which are just a breath away from greater falls.
The stock market may also affected by the loss in US manufacturing activity with the Philadelphia Fed Survey coming up with a figure of negative 30.7 which is a far cry from the 1.0 reading that was expected and indicates that the major engine of the US economy is not in a fit state anymore. Even the home business is showing signs of decay with sales going down from 4.87 million to 4.67 million for the month which shows the spending ability of the consumers. This does not augur well for the stock market since it is linked to the spending habits of the consumers.
The consumers account for 70% of the US GDP but according to latest US Labour Department figures number of jobless claims have risen to 408,000 amid conditions that might fuel further job cuts. This could be ominous for the stock market since consumer spending is directly related to their jobs.

© rinkjustice

Despite the substantial increase in the rates of personal loans, it has not been able to stop people from buying personal loans. As a matter of the personal loan sale has gone up considerably.
When surveyed by RBI, they found out that, in June 2011 the total amount of personal loan bought were Rs 695,257 crore, which can be recorded as a growth of 17.3 per cent in comparison to June2010. But the growth during June 2010 in comparison to June2009 was mere 6.6 per cent.
RBI categorizes the personal loans as, loans for consumer durables, housing, education, vehicles and loan against shares and fixed deposits.
The CMD of Canara bank, Mr S Raman believes that there are many factors that affect when one is planning to take personal loans and interest rate is one of them. Many other factors like festive offers, discounts and attractive property prices also play a very crucial role.

© Alex E. Proimos

After the downgrade of the US credit rating on 5th August , the USA stock market has now shown some signs of recovery after Dow Jones Industrial Average recently rose 117 points to 11522, the Nasdaq Composite added 21 points to 2549 and the Standard & Poor's 500 climbed 1.2% to 1207.
The US stock markets' gains were also partly fuelled by speculations that the Federal Reserve might intervene in the Us bond markets in order to help a still struggling economy. Dell , Target , First Solar and Staples are some of the hot stocks in the US stock market that had the markets moving. On the back of US stock market gains, Global stocks, as measured by MSCI's all-country world equity index .MIWD00000PUS, gained 0.8 percent.