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World Market Update 04/21/2011

US stocks rallied on Wednesday, with the Dow Jones Industrial Average closing near three-year highs, as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.

Global Markets Overview 04/21/2011

Traders work on the floor of the New York Stock Exchange
US stocks rallied on Wednesday, with the Dow Jones Industrial Average closing near three-year highs, as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
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Gold breaks $1,500 as investors seek security

Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
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Oil rallies above $124 on U.S. draw, dollar

Oil prices rallied 3 percent on Wednesday as U.S. crude oil inventories fell for the first time in seven weeks and the dollar weakened further, fueling investor appetite for riskier assets.
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Oil climbs above $123 on bullish stocks data

Brent and U.S. crude oil futures rallied more than $2 on Wednesday, with Brent over $123 a barrel, helped by a weekly draw in U.S. crude inventories that confounded expectations for a stock build, and by a weaker dollar.
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Special Report: China set to unearth shale power

China has spent tens of billions of dollars buying into energy resources from Africa to Latin America to slake the unquenched thirst for fuel from its growing industry and burgeoning cities.
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Gold powers to record high above $1,500

Gold hit record highs above $1,500 an ounce on Wednesday as fears over the U.S. economic outlook boosted its appeal as a haven from risk, while Asian buyers sought protection from rising inflation.
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Foreign firms bidding for China contracts face uneven playing

Foreign companies bidding for public projects in China, valued at $1 trillion a year, face a sharply tilted playing field, a European Union business lobby said Wednesday, citing favoritism and corruption as influencing the award of contracts.
US Traders work on the floor of the New York Stock Exchange

World Market Overview 04/20/2011

U.S. stock markets gained for the first time in four days on Tuesday as stronger-than-expected report on new home starts and encouraging quarterly results from Johnson & Johnson helped lift the markets.
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Slide in Japan exports signals prolonged weakness

Japan's exports fell in March at a faster pace than economists expected, in a sign that shipments will continue to weaken and hurt economic growth after last month's earthquake and tsunami sparked a nuclear crisis and disrupted supply chains for many manufacturers.
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China premium car market prize worth the hurdles

Luxury car makers that have learned the ropes in the familiar markets of Europe and the United States are having to adapt to new ways in China, but with the market expected to boom, they have little choice but to get on board.
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Japan exports fall after quake, further fall likely

Japan's exports fell in March from a year earlier at a faster pace than economists expected, in a sign that shipments will continue to weaken and hurt economic growth after last month's earthquake and tsunami sparked a nuclear crisis and disrupted supply chains for many manufacturers.
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Global Markets Overview 04/20/2011

U.S. stocks rose Tuesday, clawing back some of the previous day's losses as positive earnings news helped buoy shares. The Dow Jones Industrial Average rose 65.16 points, or 0.53%, to finish near the day's highs at 12266.75. The Standard & Poor's 500-stock index added 7.48 points, or 0.57%, to 1312.62 while the Nasdaq Composite gained 9.59 points, or 0.35%, to 2744.97. The gains came one day after the Dow fell 140 points on credit-ratings firm Standard & Poor's decision to lower its ...

Deficit Deal Deadline is 2012 Election

Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.

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