Wall Street economists see odds of around one-in-three the United States will slip back into recession, heightening expectations the Federal Reserve will launch another round of unconventional credit easing.
South African government bonds extended a recent rally on Thursday, gaining sharply on the back of worries about the global economy that saw investors running to safer assets.
The S&P 500 turned negative for the year on Tuesday as the wrangling over the U.S. debt ceiling faded and investors turned their attention to the stalling economy.
Stocks dropped on Tuesday as worries about the health of the global economy and a possible downgrade for U.S. debt sent the S&P 500 crashing through key technical levels in an ominous sign for markets.
Oil fell on Monday, reversing gains as weak U.S. manufacturing data and a firming dollar hit crude prices that were buoyed earlier by a deal to raise the U.S. debt ceiling.
A lower house committee of Japan's parliament on Tuesday passed a bill to help Tokyo Electric Power pay billions of dollars in compensation to those hurt by the Fukushima nuclear disaster, ensuring a law will soon be in place to guarantee the utility's survival and get aid to victims.
The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.
Oil futures are plunging as the International Energy Agency (IEA) said that the U.S. and 27 other nations will release a total of 60-million barrels of oil from strategic reserves.
The Gold Price continued to hold steady Thursday morning, trading in a tight range around $1536 per ounce - 2.6% off last month's spot market all-time high - while stocks and commodities gained ahead of UK and Eurozone interest rate announcements.
Gold Prices broke back above $1500 on Friday morning, only to fall back to $1488 per ounce in early New York trading.
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
The interbank silver market [in Asia] is dysfunctional says one Hong Kong dealer's note. Liquidity is getting worse while the price action is getting more exaggerated as a result.
U.S. stocks declined on Thursday after reports of another earthquake hitting Japan in less than a month, but markets were off their lows after a tsunami warning was lifted.
U.S. stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics jobs report, while slightly weaker-than-expected economic reports on jobless claims and Chicago Purchasing Managers index weighed on the sentiment.
World number one Rafael Nadal and number two Novak Djokovic will lead a team of top tennis players for a soccer match agaisnt Fort Lauderdale Strikers professional team in a charity match for aiding the relief effort in Japan.
World number two Novak Djokovic believes he is in the best form of his life after taking the Indian Wells title after beating Rafael Nadal on Sunday.
Even World number One Rafael Nadal couldn't halt the soon-to-be Word number two man Novak Djokovic as the Serb extended his perfect record of the year to 18-0 to take the BNP Paribas Open title at Indian Wells.
World No. 1 Caroline Wozniacki took her first BNP Paribas Open title in Indian Wells with a hard-fought win over France's Marion Bartoli.
Novak Djokovic set up a mouth-watering final at the Indian Wells BNP Paribas Open with World No. 1 Rafael Nadal after a three-set win over Roger Federer.
Roger Federer and Novak Djokovic will meet in the semi-finals of the BNP Paribas Open in Indian Wells after easy wins in the quarter-finals, while Rafael Nadal will play Juan Martin Del Potro in the other clash.
Rafael Nadal, Roger Federer and Novak Djokovic, the three highest ranked players in the World, all progressed to the BNP Paribas Open quarter-finals with straight-set wins.
U.S. stocks ended lower on Tuesday as mounting fears about Japan's escalating nuclear crisis sparked sell-offs in financial markets around the world, but positive remarks from the Federal Reserve helped the indexes rebound from the day’s lows.
