Chinese shares rebounded Monday as better U.S. job figures eased worries about the global economy.
The benchmark Shanghai Composite Index jumped 40.86 points, or 1.5 percent, to close at 2,696.25. The Shenzhen Composite Index for China’s smaller second exchange ended flat at 1,178.35.
Investors were heartened after a U.S. government report last week showed private employers added [...]
Posts Tagged ‘global recovery’
China shares rebound on better US jobs figures
September 6th, 2010 by HardMoney Writer
Tags: china economy, economic recovery, financial, global money, global recovery, investments, investors
more...Gold Advances Most in Two Weeks on Haven Demand Amid Global Equity Slump
August 31st, 2010 by HardMoney Writer
Gold futures rose the most in two weeks as slumping global equity markets boosted the appeal of bullion for investors seeking a haven.
The MSCI World Index of stocks has dropped 4.4 percent in August, heading for the biggest monthly decline since May, on concern that the economic rebound is slowing. Before today, gold gained 13 [...]
Tags: financial, Financial Markets, financial system, global recovery, Gold & Precious Metals, interest rates, stock market
GLOBAL MARKETS: European Stocks Higher; US Data Eyed
August 17th, 2010 by HardMoney Writer
European stock markets posted strong gains Tuesday, boosted by a buoyant basic-resource sector and upbeat corporate results.
By 1056 GMT, the Stoxx Europe 600 index had gained 0.7% to 257.59. London’s FTSE 100 index was up 1.0% at 5327.40, Frankfurt’s DAX index was 1.2% higher at 6186.73, and Paris’s CAC-40 index was up 1.4% at 3647.23.
It [...]
Tags: Dow Jones Industrial, European stocks, global economic, global recovery, Gold & Precious Metals, housing market, stock market
Treasuries Gain as Growth Slows, Pushing 2-Year Note Yields to Record Low
July 31st, 2010 by HardMoney Writer
Treasuries climbed, pushing two-year note yields to the lowest ever, as a government report showing U.S. economic growth slowed in the second quarter spurred demand for the world’s safest securities.
U.S. notes due in seven years and less headed for a fourth monthly gain. Economic expansion cooled to a 2.4 percent annual rate from April through [...]
Tags: commerce department, economic growth, Federal Reserve, Financial Markets, global recovery, interest rates, loan, recession, stock market, US Economy
New-home sales rebound from record low in June
July 26th, 2010 by HardMoney Writer
U.S. sales of new homes had a better-than-expected rebound in June after falling to record lows in May.
Sales rose 23.6% in June to a seasonally adjusted annual rate of 330,000, the Commerce Department reported Monday.
New-home sales plummeted a revised 36.7% in May to a record low 267,000 level after a federal subsidy for home buyers [...]
Tags: commerce department, economists, global recovery, Hard Money Loans, home buyers, home sales, homebuilder, housing market, loan, money, US Economy
Progressive Profit Falls 15% on Investment Losses
July 14th, 2010 by HardMoney Writer
Progressive Corp., the fourth- largest U.S. auto insurer, said profit fell 15 percent on investment writedowns.
Second-quarter net income dropped to $211.9 million, or 32 cents a share, from $250.1 million, or 37 cents, in the year- earlier period, the Mayfield Village, Ohio-based company said today in a statement. Operating income, which excludes investment losses, was [...]
Tags: banks, economy, financial, financial market, global recovery, Hard Money Loans, investment, stock market
Euro Gains on ECB Relief
June 30th, 2010 by HardMoney Writer
The euro gained against the dollar, as lower-than-expected demand for a European Central Bank lending program allayed some fears over the region’s banking sector.
But disappointing U.S. private-sector jobs data took some shine of currencies most closely tied to global growth, such as the Australian, New Zealand and Canadian dollar.
The euro-zone funding results are “a sign [...]
Tags: borrowers, consumers, euro zone, European Central Bank, financial lending, global recovery, investments, stocks
G-20 Leaders in Canada Urged to Cut Deficits
June 27th, 2010 by HardMoney Writer
Leaders of the Group of 20 (G-20) nations are meeting in Toronto, Canada. Canadian Prime Minister Stephen Harper said the world’s economy remains fragile and still needs stimulus, but countries need to move on a specific time line to cut their deficits in half by 2013.
Addressing G-20 leaders seated around a large circular table, and [...]
Tags: barack obama, economy, financial, financial market, G-20, global economic, global recovery, IMF
China’s yuan move to help ties-U.S. ambassador
June 21st, 2010 by HardMoney Writer
* Yuan move removes “irritant” in U.S.-China relations
* Step a “genuine attempt” to provide yuan flexibility
* No real progress in military relationship (Adds details, quotes)
China’s signal over the weekend that it would give more room for the yuan to move is a genuine step toward currency reform that should help improve U.S.-China ties, the U.S. [...]
Tags: Bank of China, barack obama, china economy, financial market, global economic, global recovery, investments, stock market
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
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