2011 is shaping up as a race to the bottom for currency values, writes Harvard professor Kenneth Rogoff in today's Financial Times. No wonder gold has been so attractive.
U.S. stock index futures pointed to a slightly lower open on Thursday as the number of first-time claims for jobless benefits rose unexpectedly, highlighting the bumpy ride for employment as economic growth picks up.
Economic growth in the world's wealthier nations is still too slow to create enough jobs for the tens of millions who lost their during the worst global recession since World War Two, the World Bank said on Wednesday.
U.S. stock index futures traded flat on Thursday, coming off a broad rally in the previous session, as investors looked ahead to labor market data and results from Intel, the first major technology company to report earnings.
U.S. stock index futures were little changed on Thursday, coming off a broad rally in the previous session, as investors looked ahead to labor market data and results from Intel, the first major technology company to report.
The rupee touched one-and-half-week highs early on Thursday, boosted by overnight losses in the dollar, but soon retreated tracking weak domestic shares, which added to worries of more foreign fund withdrawals.
The euro dipped on Thursday but could head higher if Spain and Italy, like Portugal, also find decent demand for their debt, while U.S. oil prices crept up to $92 a barrel, potentially straining consumers who are already watching food prices climb.
The euro was stable on Thursday and could head higher if Spain and Italy like Portugal also find decent demand for their debt, while U.S. oil prices marched above $92 a barrel, potentially straining consumers watching food prices climb.
Stock rallied as banks/financials stocks pushed higher following an upgrade of the sector by Wells Fargo and a successful bond offering in Portugal.
Stocks ended solidly higher on Wednesday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares.
U.S. stocks rose on Wednesday after a healthy bond auction in Portugal eased nervousness about the euro zone's debt crisis while a spike in food prices lifted agricultural shares.
U.S. stocks rose on Wednesday after a healthy bond sale in Portugal eased nervousness about the euro zone's debt crisis and investors pushed U.S. bank shares higher on signs of strength.
U.S. bank stocks rose as a broker upgrade and a successful bond sale by debt-ridden Portugal added to a mood of optimism.
U.S. bank stocks rose as a broker upgrade and a successful bond sale by debt-ridden Portugal added to a mood of optimism.
U.S. stocks rose on Wednesday after a healthy bond sale in Portugal helped ease concern over the latest sovereign debt crisis to crop up in Europe and signs of strength in the U.S. banking sector.
The S&P 500 Index gained 3.69 points, or 0.29 percent, to trade at 1,278.17 at 9.30 a.m. EDT. The Dow Jones Industrial Average rose 32.93 points, or 0.28 percent, to trade at 11,704.81. The Nasdaq Composite Index advanced 11.50 points, or 0.42 percent, to 2,728.49.
If European Banks pay a one-time tax of 50 billion euros, it could help restore some stability to the EU, Reuters said, citing documents from the European Commission obtained by them.
Talking to people in the Chinese market over the weekend, writes Jeff Toshima, Tokyo director of the World Gold Council, in today's Nikkei Money, I was amazed to discover the number of gold saving accounts at Industrial and Commercial Bank of China has grown above 1,000,000 within a year of ICBC launching the service.
Gold prices rose in Europe on Wednesday, as a retreat in the dollar, rising oil prices and caution ahead of a sale of Portuguese bonds later in the day all boosted interest in the precious metal.
U.S. stock indexes were set to rise at the open on Wednesday after a healthy bond sale in Portugal and signs of strength in the U.S. banking sector.
The risk that parlous government finances will trigger sovereign debt defaults remains one of the biggest threats facing the world in 2011, according to the World Economic Forum.
European stocks and the euro both rose on Wednesday on hopes Portugal will get through a key bond auction unscathed and policymakers will boost a rescue fund that debt-scarred euro zone countries may need to tap.
