The Aussie dollar clawed back some of its losses in Asia yesterday climbing back above 91 cents as commodity prices steadied and the RBA painted a positive picture of the Australian economy.
Mixed consumer and retail data kept stocks near break even on Friday, but major indexes edged higher for a second straight week.
U.S. retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.
U.S. stocks stayed steady on Friday as data showing retail sales rose unexpectedly last month was offset by weaker consumer sentiment, sending mixed signals about the economic outlook.
U.S. stocks barely changed on Friday as data showing retail sales rose unexpectedly last month was offset by weaker consumer sentiment, sending mixed signals about the economic outlook.
Major U.S. stock indices erased earlier gains to trade negative for the day. Lower than expected consumer sentiment index, a technical resistance for the S&P 500, and declining shares of drug companies pushed the market down.
U.S. stocks turned lower on Friday, as a weaker-than-forecast reading on consumer sentiment outweighed an unexpected increase in retail sales.
Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
U.S. stock futures point toward a higher opening on Friday as U.S. retail sales beat expectations and prospects of a financial reform bill look dim.
U.S. stock index futures pointed to a higher open on Friday, a day after the S&P hit a 17-month closing high and as retail sales rose unexpectedly in February.
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
Online retail sales in the United States could reach $248.7 billion by 2014, growing 60 percent from 2009, according to a study released on Monday.
Bulls may get more room to run this week on the anniversary of the March 2009 lows -- if U.S. stock investors see more signs of stability after Friday's rally on smaller-than-expected job losses.
Bulls may get more room to run next week on the anniversary of the March 2009 lows -- if U.S. stock investors see more signs of stability after Friday's rally on smaller-than-expected job losses.
Crude climbed toward $81 a barrel on Friday, approaching a seven-week high, after signals China will maintain its economic stimulus measures boosted hopes strong growth will help drain excess oil supplies.
World stocks pushed higher on Friday after better-than-forecast U.S. retail sales suggested the world's biggest economy was stabilizing while the dollar held broadly steady ahead of U.S. jobs data.
Asian shares surged on Friday after encouraging U.S. retail sales and jobs data suggested Asia's biggest export market was stabilizing, while the euro remained on the defensive amid the Greece debt crisis.
Crude edged up on Friday, capping two consecutive weeks of trading above $80, after China signaled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies.
The number of U.S. workers filing for jobless benefits fell last week, but a surprise drop in pending home sales to a 10-month low in January underscored the uneven nature of the economic recovery.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a fall in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
