U.S. stocks finished Friday's trading session with a loss as investors looked to lock in profits gained after the strongest September since 1988.
Stocks fell on Friday, hurt by near-record oil prices, concerns about the weaker dollar and profit-taking in sectors that had contributed to the market's recent gains.
The Consumer Price Index (CPI) is expected to rise by 4.6 percent this year and by around five percent in the first half of 2008, according to a forecast by the Research Bureau of the People’s Bank of China.
China welcomed more overseas investment to develop the country's hi-tech industry, a senior official said on Thursday.
Stocks dipped on Friday as money managers locked in profits on the last trading day of a strong September, while concerns surfaced about the strength of profits during a turbulent third quarter. Shares of technology, energy and material companies fell as investors took profits on the best-performing sectors for September, traditionally one of the weakest months for stocks.
Stock futures dropped on Friday as oil prices hovered near record highs and investors turned cautious before economic reports that could provide clues about the outlook for interest rates and profits.
The dollar sank to new depths against the Euro on Thursday, the sixth straight trading session of new lows against the currency.
U.S. stocks edged up on Thursday as higher oil prices lifted energy companies' shares in a noncommittal market faced with conflicting data on the economy's health.
The dollar fell to record lows on Thursday, hit by fresh evidence that a weak housing market could crimp U.S. growth and force the Federal Reserve to cut interest rates again.
World stocks powered ahead on Thursday and the dollar hit another low against the euro as investors banked on more U.S. interest rate cuts and at least temporarily set aside gnawing fears about global credit.
Asian markets advanced sharply on Thursday alongside Hong Kong and Sydney and Singapore setting new intraday highs as financial and energy stocks soar.
Stocks climbed and a downtrodden dollar recovered on Wednesday as optimism over a tentative deal to end a strike at General Motors offset data showing a retreat in business spending.
Nasdaq Stock Market Inc and Borse Dubai, aiming to muscle out potential rival bidders, boosted an offer for OMX to $4.9 billion on Wednesday and pushed close to a majority stake in the Nordic exchange group.Borse Dubai is offering 265 Swedish crowns ($40.57) per share, up 15 percent from a previous offer of 230 crowns. It has now secured 47.6 percent of OMX in stock or options for shares.
Stocks gained on Wednesday as a tentative labor agreement at General Motors Corp eased worries about Detroit's automakers and more weak economic data added to expectations for another cut in interest rates.
China Shenhua Energy, the courntry's largest coal producer, has attracted a record 2.67 trillion yuan (US 355.6 billion) in subscriptions for its A-share innitial public offering (IPO),according to the China Securities Journal.
The dollar rebounded from record lows against the euro on Wednesday, brushing aside a steeper-than-expected fall in August durable goods orders as buyers took advantage of cheap exchange rates.
The dollar rebounded from record lows against the euro on Wednesday, brushing aside a steeper-than-expected fall in August durable goods orders as buyers took advantage of cheap exchange rates.
The dollar bounced off record lows versus the euro and moved away from 15-year troughs against a basket of currencies on Wednesday, after recent losses attracted buyers even though overall sentiment remained bearish.
A majority of hedge fund managers say a U.S. recession is very likely in 2008, but fewer than one in five said an economic slowdown would be bad for their funds, a survey of several-hundred hedge fund managers released on Tuesday found.
U.S. stocks mostly edged higher on Tuesday after growing optimism the Federal Reserve will soon make another cut in interest rates offset warnings from two leading retailers and weak economic data.
An earnings warning from Lowe's Cos Inc and a slashed September sales forecast from Target Corp hammered retail stocks on Tuesday as skittish consumers rein in spending, fueling concerns that the holiday shopping season could be the weakest in years.
The dollar steadied above the previous day's 15-year troughs against a basket of currencies on Tuesday, as investors awaited U.S. data to determine how deeply the global credit crunch has affected the economy.
Japanese markets mostly failed to react to the appointment of Yasuo Fukuda as leader of the Liberal Democratic Party on Sunday. The appointment opens the way for Fukuda to take over the reins of departing Prime Minister Shinzo Abe.
Treasury bonds rose on Monday, and yields dropped as investors looked to lock in gains from last week's strong stock market showing.
Stocks shifted on Monday with gains in the technology sector unable to sustain a broader declining market, which began to rally last week amid the Fed's bold rate cut.
Stocks slipped on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.
The U.S dollar hit an all-time low against the euro on Monday over concerns that the ailing housing sector could trigger the Fed to cut the interest rate even further.
This morning, the British Prime Minister, Gordon Brown gave his assurances that stable economic policies would keep inflation down in the medium to long term.
A leading Asia-Pacific stock index hit a record high on Monday as shares took their cue from gains on U.S. markets late last week, though trading was light due to holidays in Japan, South Korea and Taiwan.
The dollar dipped to a 15-year low against a basket of currencies on Monday and hovered near a record low against the euro as investors shrugged off more gripes about the single currency's strength from French officials.
