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Stocks end mixed after mixed economic reports
Filed under NewsMar 14NEW YORK – Mixed economic reports pinned the stock market to only modest moves Friday but gains for the week were strong.
Uneven figures on retail sales and consumer confidence gave investors little new insight into the economy.
The reports werent enough to propel the market higher a day after the Standard and amp; Poors 500 index closed at a 17-month high. That index slipped Friday, but the Dow Jones industrial average tacked on nearly 13 points.
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US stocks up after jobless claims ease
Filed under NewsMar 6NEW YORK – US stocks closed higher Thursday with sentiment lifted by a drop in the number of Americans filing new claims for unemployment benefits.
The Dow Jones Industrial Average rose 47.38 points (0.46 percent) to end at 10,444.14, a day after the market closed on a flat note.
The Nasdaq composite added 11.63 points (0.51 percent) to 2,292.31 while the broad-market Standard & Poors 500 index gained 4.18 points (0.37 percent) to 1,122.97.
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Feb 20
SINGAPORE – Asian stocks tumbled Friday after the US central bank unexpectedly raised interest rates for emergency bank loans, triggering fears that growth could slow in the worlds largest economy. European markets also lost ground.
The Federal Reserve said Thursday it will bump up the so-called “discount” lending rate by one-quarter point to 0.75 percent effective Friday, part of a pullback of the extraordinary aid it provided to fight the financial crisis.
Tagged as: Asia;, bank loans, bank;, CAC 40, China;, consumer electronics, Dow 30, Europe;, FTSE 100, Hang Seng 40, head of equity research, Hong Kongs Hang Seng, India;, Indonesia;, Jit Soon Lim, JPY, NASDAQ composite, New Year's Day, Nikkei 225, oil prices;, Singapore;, Southeast Asia;, Taiwan, United States;, US central bank, US Federal Reserve, USD; -
Wall Street hangs on after rocky week
Filed under NewsFeb 14New York – The stock market managed to post gains during a rocky week even as investor anxiety intensified over debt woes in the eurozone and other issues that could derail a global economic recovery.
Wall Street faces a holiday shortened week, opening Tuesday after the Presidents Day holiday, with a smattering of economic data, notably on inflation and industrial production.
The gains over the past week snapped a four-week losing streak and according to some analysts suggests market sentiment and key technical support levels are holding up.
Tagged as: Bob Dickey, Dow 30, Gregory Drahushak, Janney Montgomery Scott, NASDAQ composite, New York;, S&P, S&P 500 -
Euro declines to 9-month low against dollar
Filed under NewsFeb 13NEW YORK: The euro fell to a nearly nine-month low against the dollar on Friday as questions remained about a rescue deal for debt-stricken Greece and China unexpectedly raised bank reserve levels.
The euro headed for its fifth weekly drop versus the safe-haven greenback as a lack of details in Thursday’s pledge by the European Union to help Athens kept alive fears of a wider euro zone debt crisis.
That sparked a widening in peripheral euro zone government bond yield spreads against German benchmarks and broader concerns trouble in the currency bloc could hurt global economic recovery.
Tagged as: Asia;, Athens, AUD, bank reserves, bank;, China;, CRB, Dow 30, Energy Information Administration, Europe;, European Union;, franc, FTSEurofirst 300, Greece, Japan, Jefferies, lifted bank reserve requirements, NASDAQ composite, New York;, New Zealand;, oil stocks, raised bank reserve levels, Reuters;, Standard & Poor, Swiss National Bank, United States;, USD; -
World stocks dollar gain
Filed under NewsFeb 12NEW YORK: World stocks and the dollar gained on Thursday in a zig-zag session after a deal emerged to help Greece tackle its debt woes, removing some of the uncertainty lingering about a possible sovereign default.
European shares extended the week’s rally to a fourth day as stronger commodity and pharmaceutical shares outpaced a sharp decline in banks, pulled down by uncertainty over details over the rescue plan for Greece. On Wall Street, all three major indexes advanced, also buoyed by data that indicated the US labor market may be healing.
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Euro up despite debt worries as stocks rebound
Filed under NewsFeb 9NEW YORK: US and European stocks eked out gains on Monday, lifted by defensive shares, while the euro edged up from 8-1/2-month lows despite persistent worries about the fiscal health of highly indebted nations in the euro zone.
A modest rebound on Wall Street helped pushed the euro to a session high above $1.37, although sentiment toward the single currency remained broadly negative, analysts said. US stocks edged higher after results at drugstore operator CVS Caremark Corp. and toy maker Hasbro Inc. topped expectations and both companies raised their outlooks. Rising defensive stocks such as drug makers helped European shares snap three days of losses, but worries about Greece and other debt-laden European countries kept gains in check.
Tagged as: Alpha Bank, Asia-Pacific, Asia;, Bank of Piraeus, cent, Credit Agricole, CVS Caremark Corp., Department of the Treasury, Dexia, Dow 30, drugstore operator, Europe;, FTSEurofirst 300, Greece, Hasbro Inc., J.P. Morgan Chase & Co., Japan, LONDON;, NASDAQ composite, National Bank of Greece SA, New York;, Nick Stamenkovic, Nikkei 225, oil;, Portugal, rate strategist, RIA Capital Markets, Sony Corp., Spain;, toy maker, UBS;, United States;, US government;, US Treasury, USD; -
Asia stocks down amid recovery fears
Filed under NewsFeb 9SHANGHAI – Asian stock markets mostly extended their slide Monday amid worries over risks from debt troubles in Europe and after Wall Street notched its fourth straight weekly drop. European markets were higher in early trade, breaking a string of losses.
Worries about unsustainable government debt in several European countries has rattled global financial markets since early this year. Those concerns intensified last week, undermining the euro, after Portugals lawmakers defeated the government over its deficit reduction plan.
Tagged as: Akio Toyoda, analyst, Asia;, Australia;, Britain;, Cao Xuefeng, Chengdu, Dow 30, Europe;, France;, Germany;, Hang Seng 40, Hong Kongs Hang, Huaxi Securities, Indonesia;, JPY, Malaysia;, NASDAQ composite, New Year's Day, New Zealand;, Nikkei 225, President, Shanghai, Singapore;, SSE 50, Taiwan, the Philippines;, Tokyo;, Toyota Motor Corp., United States;, USD; -
Stocks slide on euro zone debt crunch
Filed under NewsFeb 6NEW YORK: World stock markets slid to three-month lows on Friday as government bonds and the dollar rose as worries intensified over the health of the euro zones weakest economies.
The euro plunged to its lowest level against the dollar since late May on Friday, dragged down by persistent anxiety over the state of public finance in the euro zone and after disappointing US employment figures.
The single European currency in late-day trade fell to 1.3595 dollars, its lowest reading since May 20, against 1.3726 dollars on Thursday in New York. It was later trading at 1.3613 dollars. The dollar was bolstered against both the euro and yen after a report on US payrolls showed American employers cut more jobs in January even as the unemployment rate fell.
Tagged as: Asia;, Bombay Stock Exchange, BSE 30, CAC 40, DAX 30, Dow 30, Europe;, Frankfurt;, FTSE 100, FTSEurofirst 300, Greece, Hang Seng 40, MSCI World, NASDAQ composite, National Stock Exchange, New York;, Nikkei 225, oil;, Paris;, Portugal, public finance, S&P, S&P 500, SMI 20, Spain;, Toyota;, United States;, USD;, Wall Street, woes -
World stocks mixed as US unemployment improves
Filed under NewsFeb 6NEW YORK – US stocks clawed into positive territory in a late rally in highly volatile trade Friday after the much-awaited jobs report presented a muddled picture on the troubled labor sector.
The Dow Jones Industrial Average rose 13.83 points (0.14 percent) to 10,016.01 at the market close, clawing back from an intraday loss of more than 160 points.
The tech-heavy Nasdaq composite gained 15.69 points (0.74 percent) to 2,141.12 and the broad-market Standard & Poors 500 index advanced 3.25 points (0.31 percent) to a preliminary close at 1,066.36.
Tagged as: CAC 40, DAX 30, Dow 30, Europe;, FTSE 100, FTSEurofirst 300, Hang Seng 40, NASDAQ composite, New York;, Nikkei 225, Paris;, SMI 20, Toyota;, United States;, woes, Zurich


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