ECONOMY & MARKETS

U.S. Stock Market

U.S. Stocks: 5 Reasons Why the Dow Will Surge to 13,000 by June

No need to repeat all of the bad news about the U.S. economy. Further, as the stock market's bulls point out, that's history. Looking forward, the picture brightens, and accordingly here's why the bulls think the Dow Jones Industrial Average (DJIA) is headed higher in the next six months.

Oil, Equities Soar After Unexpected Drop in Petroleum Reserves

Oil barrels
An unexpected drop in U.S. petroleum reserves reported mid-morning Wednesday surprised financial markets, which had been anticipating a moderate drop. U.S. commercial crude oil inventories for the week ending Oct. 14 decreased by 4.7 million barrels, according to weekly U.S. Department of Energy report. Analysts had predicted a rise of 1.75 million barrels.
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Traders work on the floor of the New York Stock Exchange

U.S. Stock Futures Signal Weaker Wall Street Open

Stock index futures pointed to a weaker open for equities on Wall Street on Wednesday after strong gains in the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.3 to 0.9 percent.
Traders work on the floor of the New York Stock Exchange

Analysis: A Divergence of Sentiment and Reality?

If there's nothing to fear but fear itself, as President Franklin Roosevelt contended during the Great Depression, then the world economy in 2011 has reached an interesting juncture between sentiment and reality.
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U.S. Stocks: 5 Reasons Why the Dow Will Fall to 10,000 by June

You can't blame investors for feeling a bit cautious regarding the Dow Jones Industrial Average's (DJIA) recent push from 10,700 to 11,140 in the past month. The stock market's bears say it's a false rally, and the Dow is likely to fall. Here's why.
Pravind Jugnauth

Mauritius sees FDI falling 42.6 pct in 2011: finmin

Mauritius sees foreign direct investment (FDI) to the Indian Ocean island falling by 42.6 percent in 2011, from record levels last year when investment was boosted by two exceptionally big deals, its Finance minister said on Tuesday.
Goldman Sachs

Goldman Sachs Q3 Loss is Greater than Expected

Goldman Sachs Group Inc posted a wider-than-forecast loss of $428 million for the third quarter, only its second quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets.
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U.S. Stock Futures Point to Lower Opening

U.S. stock futures point to lower opening on Tuesday after new data showed that Chinese economy has expanded at a slower rate in the third quarter and quarterly results from IBM failed to impress investors.
Chinese work at Honda Motor production plant in Guangzhou

China Q3 growth to 2-year low, but no rate cuts seen

China's economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
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Moody's Warning on France Depresses European Shares

European shares fell for a second straight day on Tuesday, with investors cutting their exposure to riskier assets after Moody's warned on France's rating outlook and Chinese data showed growth in the world's second biggest economy slowed.
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China Q3 Growth at Two-Year Low, but no Rate Cut Seen

China's economic expansion slowed in the third quarter to its weakest pace since early 2009 as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
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China GDP Grows at 9.1% in Third Quarter

The gross domestic product of China has expanded 9.1 per cent in the third quarter from a year earlier, which is the slowest speed in more than two years for the world’s second-largest economy.

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