Fed Likely to Take Wait-and-See Stance Next Week
If you expect the Federal Reserve to launch another round of bond buying to stimulate growth at its meeting next week, you're almost certain to be disappointed.
Gold Down 2% after Breaking below 200-Day Moving Avg
Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while some analysts say the metal looks oversold and poised for a rebound.
Gold Falls More Than 1%, Falls Below $1,690
Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
Gold Below $1,700 on Weak EU Data
Gold prices slid below $1,700 an ounce in Europe on Monday as weaker-than-expected euro zone economic data lifted the dollar versus the euro, and as appetite for assets seen as higher risk, like stocks and commodities, suffered after China set its lowest annual growth target in eight years.
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Labor market healing but real spending stagnant
Americans filed fewer new claims for jobless benefits last week but consumer spending was flat in January for the third straight month after accounting for inflation, casting a pall over the economic outlook.
Europe drags on global economy, few policy options
Prospects for a strong recovery in the global economy darkened on Thursday as sputtering factory activity in Europe overshadowed more upbeat data from Asia, at a time when central banks are running out of policy options and reluctant to do more.
Jobless Claims Held at 4-Year Low of 351,000 for 3rd Week
Claims for jobless benefits came in at 351,000 for the third consecutive week and the four-week moving average continued to decline. However, economists point out that the economy needs to show more strength for the drop in the still-high jobless rate to be sustainable.
Jobless Claims Hover Near 4-Year Lows
New U.S. claims for unemployment benefits edged down last week, holding near four-year lows, according to a government report on Thursday that suggested the labor market was gaining momentum.
Stock futures tick high ahead of jobless claims
Stock index futures edged higher on Thursday after Wall Street finished February with healthy gains as investors looked ahead to economic data that could reinforce recent signs of improved growth.
Stock futures rise ahead of jobless claims
Stock index futures edged higher on Thursday as investors looked ahead to economic data that could reinforce recent signs of improved growth after Wall Street finished February with healthy gains.
U.S. Stock Index Futures Edge Higher; Economic Data Eyed
Futures on major U.S. stock indices point to a higher opening Thursday ahead of a wave of economic data including ISM manufacturing index and key weekly jobless claims.
Asian Stocks Decline after Bernanke Comment, China PMI
Most Asian stocks declined Thursday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke disappointed investors.
Factory, income data support growth outlook
The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy.
Nasdaq Breaks 3,000, But Stocks and Gold Fall Following Bernanke Testimony
The Nasdaq composite index crossed 3000 for the first time in more than a decade but finished in red following the testimony from Federal Reserve chairman Ben Bernanke which checked market expectations of more monetary easing.
Gold Recovers by 1% After Plunge on Bernanke Comments
Spot gold rose more than 1 percent Thursday, recovering from its biggest fall in more than three years in the previous session when U.S. Federal Reserve Chairman Ben Bernanke failed to signal further monetary easing.
Precious Metals, Miners Suffer After Bernanke's Good News
Precious metals and the broader market headed in opposite directions Wednesday, with gold taking its biggest single-day dive in two-and-a-half months, as a February full of good economic news helped drive the price of precious metals down on the day and month as a whole.
Bernanke warns of slow progress ahead on jobs
Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery.
Wall St ends strong month on down note
Stocks dipped on Wednesday, snapping a four-day winning streak after comments from Federal Reserve Chairman Ben Bernanke disappointed investors hoping for a strong signal of more stimulus.
Markets Do U-Turn After Bernanke Speaks: Daily Markets Wrap
Fed Chairman Ben Bernanke said Wednesday job growth was better than expected and inflation under control, leaving markets thinking central bank intervention was a long way off. The upshot was a dollar rally that hammered gold, stocks and government bonds.
Highlights: Bernanke's Q&A testimony to House panel
Below are highlights from the question and answer session of a House Financial Services Committee hearing with Federal Reserve Chairman Ben Bernanke testifying on monetary policy and the U.S. economy.
Wall St edges down after Bernanke but data supports
U.S. stocks dipped on Wednesday as U.S. Federal Reserve Chairman Ben Bernanke's comments were viewed as a bit more hawkish, but reports suggesting more improvement in the economy curbed losses.
Gold Falls 3%, Biggest One-Day Drop in 2-1/2 Months
Gold fell 3 percent on Wednesday for its biggest one-day drop in 2-1/2 months, as a dollar rally following U.S. Federal Reserve Chairman Ben Bernanke's comment on an encouraging job recovery prompted funds to heavily unwind bullish bets.
Economy expanding moderately: Fed Beige Book
The Federal Reserve said the U.S. economy expanded modestly in January through mid-February as hiring picked up a bit across several districts.
Bernanke Plays Killjoy in Pessimistic Speech to Congress
U.S. Federal Reserve Chairman Ben Bernanke played killjoy Wednesday morning, delivering a somewhat pessimistic assessment of the nation's economic condition in a semi-annual address to the House of Representatives.
Wall Street loses steam after hitting new highs
Stocks fell on Wednesday as traders cashed in after indexes hit multi-year highs on stronger-than-expected economic data.
Nasdaq Tops 3,000 for First Time Since 2000
The Nasdaq Composite Index briefly crossed the 3,000 mark Wednesday for the first time in 12 years, boosted by the European Central Bank's action to increase liquidity in the euro zone financial system and a better-than-expected revision to the U.S. quarterly economic growth.
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