Earlier, the Canadian dollar was gaining on the demand for riskier assets. Yesterday’s demand for higher yielding assets helped the loonie gain versus its counterparts. However, some of that momentum is being lost right now as a bit of risk aversion sets in.

Canadian dollar has been strengthening against currencies like the euro and the Great Br

(eToro Blog) Preliminary data from the German Federal Statistics Office suggests that the Germany economy remains relatively resilient to the Eurozone’s debt woes, despite data points which suggest a weaker first quarter. According to the data released earlier today, Germany’s economy grew 3.0%, in line with the consensus call though off the 3.7% p

(eToro Blog) U.S. Treasury Secretary Tim Geithner is meeting Chinese Premier Wen Jiabao and other Chinese officials this week in an effort to narrow the trade gap with China and resolve disputes over the Yuan exchange rate. Geithner commented that China and the U.S. share close relationships on the topic of economic growth, financial stability

(eToro Blog) Mario Monti, the Italian Prime Minister, has urged the E.U.’s leadership to recognize the efforts that the Italian government has made, as well as the sacrifices made by the Italian citizens, to fight the debt crisis which threatens to envelop the country. What he is asking for of the E.U. leadership is concessions, and he cites lower

(eToro Blog)  Wall Street sentiment got a boost from Chinese data, which suggests that the Asian giant is experiencing a soft landing as their government had hoped. Transportation stocks led the major indexes higher despite the continued climb in oil prices. Overall, stocks were boosted by better than expected consumer credit data.

After the bell

Within the last few months, from an economic standpoint, it seems that a “two-speed” world is emerging.

On the one hand, there are the euro zone countries, where financial turmoil threatens to trigger a recession and put the future of the eurozone at risk.

On the other hand, there are developing and high-growth countries that have no involvement

(eToro Blog) Wall Street railed today on projections from Aluminum Producer Alcoa that it sees increased demand for aluminum globally in 2012. The Dow rallied 94 points, the Nasdaq rallied 27 points and the S&P 500 rallied 13 points by midday in the U.S. session. Traders on OpenBook are primarily long on the Dow (DJ30) with average limits at