GLOBAL MARKETS

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FTSE 100 Climbs On Strong Results, Oil Caps Gains

Britain's FTSE 100 pushed ahead on Thursday, buoyed by strong results and bullish earnings forecasts, but gains were capped by continued weakness in crude prices, hitting oil heavyweights and utilities.

Wall Street Seen Firm After Fed's Dovish Words

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U.S. shares looked set to open higher on Thursday, extending Wednesday's gains after relatively dovish comments from Federal Reserve policy makers, but worries about the extent of the U.S. slowdown may cap equity buying.
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Dubai Shares Lead Drop in Gulf stocks

The Dubai Stock index slipped further on Tuesday, falling to its lowest level this month, as Gulf investors booked profits and positioned themselves for the third quarter results season.
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Wall Street seen higher on Fed hopes, tamer oil

U.S. shares are expected to rise again on Monday, underpinned by hopes that the Federal Reserve will keep interest rates unchanged at its policy-setting meeting on Wednesday, and as oil prices stayed below $64 a barrel.
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Strong dollar in U.S. interest: Paulson

U.S. Treasury Secretary Henry Paulson said on Monday a strong U.S. dollar was in the interest of the United States and he was not seeking any quick fixes on China's currency situation.
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A Year Later, Time to Reassess Katrina Stocks

Investors who earned big returns in the wake of Hurricane Katrina may want to reassess their storm-related plays now that new contracts for repair work on the U.S. Gulf Coast have slowed.
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Funds Flirt With Scandal-Tainted Stocks

Some of America's most prominent investment firms loaded up on shares in dozens of public companies even as the U.S. government stepped up probes into those companies use of option grants.
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Wall St Set for Lackluster Start; Lehman in Focus

Wall Street stocks are set for a muted start to Wednesday trade as investors consolidate positions after the push to four-month highs, with crude oil trading at $64 a barrel helping ease inflation concerns.
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Nikkei Hits 1-Mth closing Low, World Demand Feared

The Nikkei average hit a one-month closing low on Tuesday, declining 0.48 percent as a fall in commodity prices stoked worries about global demand and hit stocks sensitive to the economic cycle such as steel makers.
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Feds Say They're Targeting Stock Options

The government is aggressively investigating the suspicious timing of stock options granted to top executives at scores of companies, federal officials said Wednesday.
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Terrorism Hurts Markets, but How Much?

How much does terrorism affect stock prices?To find the answer, economists have parsed market reaction to events dating back to the 1915 sinking of the Lusitania, academics have studied how attacks on McDonald's restaurants have affected the company's stock price and researchers in Israel have chronicled what 13 years of suicide bombings did to stocks there.
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FTSE drifts down, hit by consumer confidence data

Britain's largest shares drifted down on low volumes led by Diageo and with sentiment hit by a survey showing a sharp decline in British consumer confidence and by buoyant sterling following strong house price data.
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Unloved bonds make investor comeback - for now

Signs that the world economy is at a turning point are being reflected by tentative evidence that bonds are moving back into favor after years as an unloved alternative to booming equities.
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U.S. Treasuries slip in quiet Asia trade

U.S. Treasuries slipped slightly in Asia trade on Monday, pulling benchmark yields up from five-month lows, as many investors sat tight before a slew of data and speeches from Federal Reserve officials.
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Wall St Week Ahead: Summer's end may be stormy for stocks

Wall Street's summer comes to a close next week with what could be a toxic mix for stocks: No major earnings, an overload of A-list economic data, a storm headed for the Gulf of Mexico and trading desks staffed with third-string dealers.
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The Return of Frank Quattrone

He was a high-flying investment banker capitalizing on the late 90s technology bubble, setting up deals to launch billion dollar IPOs. Now, after three years of court battles against the government involving charges that he obstructed an investigation, Frank Quattrone is free to pursue his business once again.
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Door Opens For Return to Wall Street for Quattrone

A U.S. federal court judge on Tuesday approved a settlement that would let former star technology investment banker Frank Quattrone avoid a third trial for obstructing justice, opening the door for him to resume his career on Wall Street.
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Stock Futures Lifted by Cisco Outlook

Cisco Systems' buoyant sales outlook helped pull U.S. stock market futures higher on Wednesday, offsetting the last session's downturn after the Federal Reserve signaled a pause rather than end to interest-rate hikes and after another warning in the home building sector.
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Junk bonds could be bruised by economy, LBOs

The good times in the $850 billion U.S. junk bond market may be at risk of winding down as the economy slows, leveraged buyouts get bigger and an increasing amount of bond supply looms.
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Oil Tanker Shares Rise on Alaska BP Shutdown

Shares of oil tanker companies that operate between the U.S. and the Middle East rose sharply on Tuesday after news broke that production out of Alaska's Prudhoe Bay may not normalize until 2007.
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Dollar soft, equities firm as Fed pause seen

Expectations of a halt in the Federal Reserve's two-year campaign of interest rate rises kept the dollar near two-month lows on Tuesday, while auto firms led stocks higher in Asia and Europe.
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European stocks drop, BP slips on U.S. leak news

European shares sank on Monday, pulled lower by BP which began shutting down the biggest oilfield in the United States, with weaker mining and auto stocks adding to the negative tone and trade remaining cautious ahead of Tuesday's Federal Reserve meeting.
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Central Banks Seek to Stop Flow of Easy Money

Central Banks around the world are tightening credit due to economic growth that could spin out of control. Skeptics say they could be going too far, while other say the banks aren't going far enough.

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