Gold reached a 27-year peak on Tuesday after the U.S. Federal reserve slashed its benchmark interest rate a larger-than-expected half a percentage point on credit worries in U.S. Financial markets.
International investors bought $19.2 billion in long-term U.S. securities in July, the lowest inflow in seven months, the Treasury Department said on today.
Prices paid to U.S producers fell sharply in August according to data released on Tuesday, painting a gloomy picture for U.S growth.
The dollar dropped to a record low versus the euro on Tuesday after the Federal Reserve cut its benchmark rate by half a percentage point, its first cut in four years.
U.S. stocks rose on Tuesday after forecast-topping earnings from Lehman Brothers Holdings Inc calmed investors' fears about the recent credit turmoil as investors anticipated an interest rate cut.
The dollar steadied above last week's record lows versus the euro on Tuesday as investors chose to hold fire ahead of a widely-expected Federal Reserve interest rate cut.
Stocks fell on Monday as savers demanded their money back from embattled British bank Northern Rock, adding to global credit concerns before an expected U.S. interest rate cut this week.
Sterling fell to its lowest level in a year on a trade-weighted basis and the yen strengthened on Monday as problems at Britain's Northern Rock bank heightened risk aversion and led investors to pare back carry trades.
Asian and European stocks fell on Monday while sterling hit a one-year low as concerns over financing for banks grew after UK mortgage lender Northern Rock tapped the Bank of England for an emergency loan last week.
Shares of Nokia are likely to extend gains as the world's leading cell phone maker expands its share of the growing global market, financial newspaper Barron's reported in its September 17 edition.
Asian stocks took a breather on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut this week helping to offset renewed worries about a global credit squeeze.
Wall Street reports earnings next week but outsiders don't really have a clue what they'll be.
The firestorm that has blazed through August is expected to last well into 2008.
Wall Street expects Federal Reserve policy-makers to cut interest rates next Tuesday to help ease a global credit squeeze, a much anticipated event that spurred stock prices higher this week and could boost them next week.
Stocks edged up slightly on Friday as expectations of an interest rate cut off-set concerns of a weakening U.S. housing market.
The dollar edged up against the yen on Friday but remained near a record low against the euro as consumers braced for what is expected to be the first reduction in U.S. interest rates in four years next week.
Stocks were little changed on Friday as weakness in semiconductor makers after a broker downgrade of Intel Corp was offset by strength in energy producers.
Shares in British housebuilders fell sharply on Friday, with sector leaders skidding over 8 percent, as reports of falling house prices and liquidity problems at mortgage lender Northern Rock raised concerns over reduced home demand.
Wall Street grew anxious on Friday after news that Britain's central bank was forced to rescue mortgage lender Northern Rock, suggesting a global credit crisis was spreading.
Major U.S. indexes started off the day slightly lower on Friday as August retail sales disappointed while the subprime crisis extended overseas as the Bank of England rescued mortgage lender Northern Rock.
Stock futures fell on Friday, suggesting Wall Street shares could open under pressure after British mortgage lender Northern Rock became the biggest UK casualty of the current liquidity squeeze.
U.S. stocks rose on Thursday after a Wall Street analyst said brokerage shares were undervalued and McDonald's Corp raised its annual dividend by 50 percent.
Chinese shares have reached a dangerously high level because the market is failing to price risks properly, just as investors misjudged the value of U.S. subprime mortgages, an academic economist said on Thursday.
The dollar rebounded against the yen and euro on Thursday as investors resumed buying the U.S. currency after nearly a week of declines, although expectations of a cut in U.S. interest rates capped gains.
Goldman Sachs and UBS cut their earnings forecasts and share target prices on Samsung Electronics Co Ltd and Hynix Semiconductor Inc, underscoring a weakening outlook for the chip maker sector.
Stock index futures rose on Thursday after an upgrade of General Motors Corp. sent shares of the auto maker higher. Trading was likely to be choppy before the Federal Reserve's interest-rate decision next week and volume lower due to the Jewish New Year.
Most Asian stocks rose on Thursday with energy stocks higher as oil held near a record peak above $80, while expectations of an U.S. rate cut next week pinned the dollar near an all-time low versus the euro.
European shares fell on Thursday, led by France's Alcatel-Lucent, which cut its full-year revenue forecasts, while record-high oil prices made oil and gas producers the top gainers in early trade.
The euro surged to a lifetime high against the dollar on Wednesday, weighing on European shares as investors remained nervous over the health of the U.S. economy even with an expected interest rate cut there next week.
Stocks were little changed on Wednesday as investors awaited U.S. data on oil inventories, while oil prices extended a rise to record highs, potentially straining consumer spending and corporate profits.
