Senior Correspondent, New York
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Oct 16, 2014

Investors search for signs of end to stock market correction

NEW YORK (Reuters) – Measuring the point at which investors have exhausted their selling in a market downturn is an inexact science at best, and at its worst akin to sticking a finger in the air to judge shifting winds.

By some measures, the near 10 percent decline in the Standard & Poor’s 500 stock index from a record high last month may already have flushed out much of the speculative money that helped propel a bull market in stocks beyond the average length.

Oct 15, 2014
Oct 15, 2014

Venezuela’s debt insurance costs surge on oil price drop

NEW YORK, Oct 15 (Reuters) – The cost for insuring
Venezuelan sovereign debt against default or restructuring
surged on Wednesday as global oil prices swooned to a 27-month
low before rebounding, illustrating rising investor concerns
over the OPEC member nation’s ability to service its debt.

An investor wanting to insure a $10 million trade for five
years would need to spend $4.175 million as an up-front cost. In
addition they would have to pay $500,000 annually, for the
duration of the credit default swap contract, according to data
provider Markit. On Tuesday the up-front cost was $3.868

Oct 13, 2014
Oct 12, 2014
Oct 12, 2014
Oct 12, 2014
Oct 12, 2014
Oct 12, 2014
Oct 12, 2014
    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
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