GLOBAL MARKETS

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Market inches up on rate cut optimism

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.

Target, Lowe's -- more signs of rattled consumers?

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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.

Dollar steadies near lows

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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.
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Asian markets mixed

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.
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Policy to Quell Inflation: Brown

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.
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Asia stocks move higher; dollar weak

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.
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Dollar dips to 15-year low as slide extends

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.
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Treasuries rally to end week

Treasuries ended the week on a more positive note on Friday, a turnaround following a selloff which began on Tuesday when the U.S. Federal Reserve cut its benchmark interest rate to give a boost to the economy, setting off some inflation concerns.
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Stocks to watch if the buck stops here

Wall Street will watch next week for more ripples from the Federal Reserve's half-point cut in interest rates, including any deeper drop in the dollar, and any more spikes in the price of gold and oil.
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Market advances as helped by tech shares

U.S. stocks jumped on Friday as higher-than-expected results from software maker Oracle Corp and a share buyback from Texas Instruments Inc boosted technology shares.
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Dollar remains near recent lows

The dollar rose marginally from a 15-year low against a basket of currencies on Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.
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Stocks Retreat After 2 Day Rally

U.S. stocks fell for the first time in three days as a weakened dollar and higher oil prices kindled fresh concern about inflation.
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Commodities Rise on Dollar Declines

The dollar sank to its lowest levels against the euro since Europe adopted the currency, and came to parity with the Canadian currency on Thursday.
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Dollar spirals to all-time low vs. Euro

The dollar continued on its downward spiral on Tuesday, falling to an all-time low against the euro and briefly reaching parity with the Canadian dollar for the first time in almost 30 years.
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Wall Street flat after mixed earnings reports

Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.
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Dollar falls to new low vs euro

The dollar broke above $1.40 per euro for the first time on Thursday, weakened by a hefty U.S. interest rate cut this week and expectations of further cuts in benchmark rates.
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Dollar sinks, stocks mixed in Fed aftermath

The dollar sank to a 15-year low against major currencies on Thursday while the euro rose above $1.40 for the first time as the impact of the U.S. Federal Reserve's interest rate cut continued to sweep across markets.
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Northern Rock drops again

Shares in Northern Rock took a fresh hit on Thursday, tumbling over 20 percent on renewed concerns over its future, and as the government said its guarantees would not cover new accounts.
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Ailing dollar sinks beyond $1.40 per euro

The dollar sank to fresh record lows beyond $1.40 per euro on Thursday, weighed down by a hefty U.S. interest rate cut earlier this week and expectations of more moves to come.
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New Zealand Dollar Rises

New Zealand's dollar rose to its highest level versus the dollar and yen in nearly a month following a drop in U.S. interest rates prompted a comeback for investments such as the carry trade.
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Treasuries slide for third day

Treasuries slid for the third day Wednesday amid expectations that inflation will continue to increase after the U.S. Federal Reserve’s move to lower interest rates.
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Stocks Rally for a Second Day

U.S stocks rallied for a second day on Wednesday following the half a point drop in interest rates issued by the Federal Reserve yesterday.
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U.S Housing, Consumer Prices Slide

Data surfacing on Wednesday indicates that consumer prices posted a rare decline in August, while the housing industry saw construction fall to the slowest pace in 12 years.
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Dollar off low as investors debate Fed cut

The dollar rose from a 15-year low against a basket of currencies on Wednesday as investors bet the Federal Reserve's interest rate cut on Tuesday will help boost a slowing U.S. economy.
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Wall Street rallies for second straight day

U.S. Stocks rallied for a second day on Wednesday as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown. Housing-related stocks such as home builders and mortgage finance companies were among the biggest percentage gainers in the S&P 500, a day after the Fed cut the benchmark interest rates by a half-percentage point.
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Fed whets global appetite for stocks, not for bonds

Stocks rallied for a second day on Wednesday after an aggressive U.S. rate cut soothed concern the U.S. economy would slip into recession, stirring demand for riskier investments and killing demand for safe-haven bonds.
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Wall St extends Fed rally; S&P up 1 pct

U.S. stocks rose on Wednesday, adding to the previous session's surge and lifting the Standard & Poor's 500 index by 1 percent, as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown.

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