U.S. stocks rose slightly Wednesday as the financial sector rallied on a rosy forecast from State Street Corp. and an increase in crude lifted energy stocks, but the gains were small as disappointing manufacturing data out of Germany weighed.
The Dow Jones Industrial Average rose 19 points, or 0.2%, to 9763, in early trading. The measure’s [...]
Posts Tagged ‘eurozone economy’
US Stocks Rise Slightly, Led By Financials, Energy; DJIA Up 19
July 7th, 2010 by HardMoney Writer
Tags: bank of america, Dow Jones Industrial, economic growth, eurozone economy, financial sector, JPMorgan, money, stock market, us manufacturing, wall street
more...Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
July 6th, 2010 by HardMoney Writer
Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. Imports by India, the world’s biggest consumer, may plunge as much as 36 percent this year, the Indian Bullion Market Association said. On June 21, the [...]
Tags: consumers, debt crisis, European economy, eurozone economy, Financial Markets, fiscal crisis, global financial crisis, Gold & Precious Metals, Hard Money Loans, loan, wall street
Budget: Bank levy set to raise about £2bn
June 22nd, 2010 by HardMoney Writer
UK banks and building societies are to be hit with a levy in a move to raise about £2bn a year, the chancellor has announced.
The levy is part of a joint move between the UK, France and Germany.
George Osborne said the financial crisis began in banking so it was fair that banks contributed to the [...]
Tags: businesses, European economy, eurozone economy, financial crisis, Financial Markets, loan, money, wall street
U.S. Stocks Are Steady in Early Trading
June 18th, 2010 by HardMoney Writer
Markets on Wall Street opened little changed Friday, with consumer staples and industrial shares providing support, but the market was expected to seesaw with the expiration of futures and options contracts.
In early trading the Dow Jones industrial average was flat, at 10,435.30 points. The Standard & Poor’s 500-stock index lost 0.04 percent, at 1,115.64 points, [...]
Tags: chief economist, Dow Jones Industrial, European economy, eurozone economy, financial market, Financial Markets, hard money news, interest rates, money, stock market, wall street
U.S. Consumer Prices Fall on Lower Energy Costs
June 17th, 2010 by HardMoney Writer
Consumer prices fell for the second consecutive month in May, extending a break for Americans’ pocketbooks. Less expensive energy was the main factor pulling down prices.
But a weekly unemployment report found that the number of people filing new claims for jobless benefits jumped last week after three weeks of declines, a sign that hiring remains [...]
Tags: commerce department, consumers, debt crisis, European economy, eurozone economy, financial, financial market, global recovery, unemployment rate, US Economy
Producer Prices in U.S. Decreased 0.3% in May on Fuel
June 16th, 2010 by HardMoney Writer
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion.
The European debt crisis has prompted economists to trim inflation forecasts on increased prospects for weaker global growth and a [...]
Tags: commerce department, Commodities, economy recovery, European economy, eurozone economy, Federal Reserve, financial market, housing market, interest rates, money
Gold firms as Greece downgrade lifts risk aversion
June 15th, 2010 by HardMoney Writer
Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets.
Spot gold was bid at $1,224.10 an ounce at 1339 GMT, against $1,220.15 late in New York on Monday. U.S. gold futures for August delivery [...]
Tags: European economy, eurozone economy, Financial Markets, fiscal crisis, Gold & Precious Metals
Euro Snaps Six-Week Drop Versus Yen as Risk Appetite Increases
June 12th, 2010 by HardMoney Writer
The euro ended its longest stretch of weekly losses against the yen since the shared currency was created as investor appetite for riskier assets improved on signs Europe’s debt crisis is unlikely to derail global growth.
The yen fell against 15 of its 16 most-traded counterparts as stock and oil gains boosted demand for currencies linked [...]
Tags: commerce department, consumers, debt crisis, European economy, eurozone economy, global recovery, JPMorgan, money, stock market, U.S. consumer, US Economy
FOREX-Dollar, euro slip vs yen after U.S. retail data
June 11th, 2010 by HardMoney Writer
* Dollar dips vs yen on retail sales data
* Euro eases as U.S. data, technicals limit gains
* Japan’s PM warns on public debt, default risks (Updates prices, adds comment, U.S. data, changes byline)
The dollar surrendered gains against the yen on Friday after data showing a surprise drop in U.S. retail sales last month dented risk [...]
Tags: debt crisis, economy, eurozone economy, Federal Reserve, financial market, global economic, hard money, interest rates, stock market, us retailers
Europe’s Rescue Fund Won’t Halt Sovereign Debt Crisis, RBS Says
June 8th, 2010 by HardMoney Writer
The European Financial Stability Facility won’t solve the region’s debt crisis because investors will still speculate a default by nations accessing the fund is possible, Royal Bank of Scotland Group Plc said.
European finance ministers yesterday put the finishing touches to the rescue package, which is backed by 440 billion euros ($524 billion) in national guarantees. [...]
Tags: debt crisis, European economy, european union, eurozone economy, financial market, global recovery, investments
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