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Global shares, oil fall on growth concerns; gold rises
REUTERS – World equity markets and commodities fell on Wednesday as global growth concerns continued to take a heavy toll on investor sentiment and disappointing earnings reports weighed on Wall Street stocks.
Copper, considered a barometer for manufacturing and China-related growth, fell more than 3 percent, weighed by worries about the global economy and a 10.3 percent decline in March European...
Wall Street lifted by earnings, data, gold
REUTERS – Stocks rose on Tuesday, bouncing back after their worst decline since early November, following solid earnings from Coca-Cola and Johnson & Johnson and inflation data that reinforced expectations that the Federal Reserve will keep its stimulus in place.
The price of gold rebounded after its record daily drop in dollar terms on Monday. U.S.-listed shares of Randgold Resources (RRS.L)...
Global stocks gain on China data; yen down on BOJ plan
REUTERS – Chinese import data pushed stock markets around the world higher on Wednesday with the S&P 500 rising to a record, while Japan’s economic stimulus package continued to weigh on the yen, sending it to multi-year lows against the dollar and euro.
U.S. stocks rallied across benchmark indexes, with the Dow Jones industrial average also reaching a record. Sentiment was eroded early...
Blue-chip tech stocks lift Dow to intraday record high
REUTERS – Blue-chip technology stocks led Wall Street higher, lifting the Dow to a record intraday high by early afternoon trading on Tuesday after investors used the morning’s modest decline as an opportunity to buy.
Microsoft (MSFT.O) shares ranked as the Dow’s top percentage gainer, up 3.9 percent at $29.72. Intel Corp (INTC.O) shares shot up 3.1 percent to $21.74, and helped...
Global shares slip after soft U.S. data; oil down 2 percent
REUTERS – Major stock markets and the dollar fell on Wednesday after unexpectedly weak growth in U.S. private-sector jobs and services dented optimism about the world’s largest economy.
Crude prices slumped more than 2 percent as oil stockpiles swelled in the United States, the top oil consumer, where a struggling economy is limiting demand for fuel.
U.S. companies hired at the slowest...
Record Wall Street boosts sentiment, U.S. holds key in Q2
REUTERS – Whether the world’s largest economy can sustain momentum will be a primary focus for investors for the next three months after a general recovery trend in the United States helped risk sentiment for broad markets in the first quarter of 2013.
Asian shares edged higher and the euro steadied on Friday after banks in Cyprus reopened to relative calm. Overall trade was subdued, with...
Global stocks, euro fall on fears of wider euro zone woes
REUTERS – Major stock markets fell and the euro slumped to a four-month low against the dollar on Wednesday, hit by a disappointing Italian bond auction and concern about the potential for a wider impact on the euro zone from Cyprus’s bailout.
Bleak euro zone economic data added to a sour tone in markets, driving demand for safe-haven assets. U.S. Treasuries debt prices jumped, with...
Global shares, euro retreat as Cyprus euphoria fades
REUTERS – Global equity markets and the euro retreated on Monday after a senior euro zone official said the Cyprus bailout reached earlier could be a new template for resolving regional banking problems by shifting more risk to depositors and stakeholders.
The Cyprus rescue forced depositors and bank bond holders to bear losses, a deal that could become a template for future bank restructurings...
Cyprus, European data rattle shares, oil and euro
REUTERS – Global equity markets, crude oil and the euro fell on Thursday on fears of a potential banking collapse in Cyprus and signs the economic downturn in Europe is deepening.
Several upbeat U.S. economic reports on housing, future economic activity and business conditions in the mid-Atlantic region and improving Chinese factory output failed to lift investor sentiment.
Prices of U.S. Treasuries...
Global shares steady despite Cyprus, euro flat after U.S. data
REUTERS – Global stock markets were mostly steady on Tuesday, rebounding off earlier weakness as investors used the previous two-day decline as an opportunity to pick up beaten down shares.
European stocks, along with the euro and oil, had been pressured on concerns over the risk of failure for a bailout deal aimed at saving Cyprus from default and its banks from collapse. While those concerns...
