Crude oil prices slightly advanced in Asian trading Friday, after plunging to their lowest level in eight months in the previous session.
Chinese market regulators announced Thursday they could be easing the rules that currently allow only a small group of foreign banks to invest in the national equity and bond markets, a move that is seen as part of a wider campaign to open the country's financial system to global competition. Whether by design or by coincidence, however, the move also takes a tremendous amount of pressure off the country's central bankers, who are between a rock and a hard place in deciding whether or n......
Yesterday the Fed announced that they will extend their yield curve 'twisting'
Manufacturing has been one of the few bright spots of the otherwise frail U.S. economic recovery, but Markit said weaker overseas demand could be starting to slow hiring in the sector. U.S. manufacturing grew in June at the slowest pace in almost a year and hiring in the sector also slowed.
Asian stock markets mostly declined Thursday as the Federal Reserve's limited help to bolster the domestic economy disappointed some market participants.
U.S. stock index futures point to a lower opening Thursday after the Department of Labor's initial jobless claims report, which showed that more people than expected filed for unemployment benefits, and the National Association of Realtors' report on existing home sales.
European markets fell Thursday as investors were disappointed the U.S. Federal Reserve failed to announce any quantitative easing measures on Wednesday.
Most Asian markets fell Thursday as investors felt let down by the U.S. Federal Reserve, which did not announce a further round of quantitative easing.
Asian stocks struggled and commodities fell broadly on Thursday after the Federal Reserve ramped up monetary stimulus by expanding Operation Twist, but disappointed some investors who had been hoping for more aggressive measures.
Ron Paul, the libertarian GOP presidential candidate, has admitted that he collects Social Security benefits, despite the fact that he is a huge opponent of the entitlement program and has called it unconstitutional.
The powerful rate-setting committee of the Federal Reserve decided to extend its current strategy of manipulating the credit markets to artificially depress the cost of long-term financing, a strategy colloquially known as Operation Twist, until the end of the year.
The Federal Reserve on Wednesday extended its monetary stimulus to a U.S. economic recovery that looks at risk of stalling, renewing its effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones.
U.S. stock index futures point to a mixed opening Wednesday ahead of economists' expectations that the Fed will announce an extension of its 'Operation Twist' monetary policy designed to boost the economy.
European markets fell Wednesday as investors remained watchful ahead of the U.S. Federal Reserve's announcement of the monetary policy decision.
Crude oil futures hovered above $84 a barrel Wednesday amid expectations that the U.S. Federal Reserve may announce additional stimulus measures to spur economic growth.
The prolonged crisis in the euro zone, coupled with signs that the U.S. economic recovery is faltering, have led to speculation that the Federal Reserve will provide more monetary stimulus, most likely through extending its Operation Twist program, at the June two-day Federal Open Market Committee meeting, which concludes on Wednesday June 20.
Asian shares slipped on Tuesday as a post-Greek election relief rally quickly ran out of steam, with rising Spanish and Italian bond yields signaling that European leaders still have much to do to contain the euro zone debt crisis.
After the positive effects of the Greek election fade, markets will shift focus toward the Federal Reserve announcement scheduled for Wednesday.
Crude oil futures gained Monday after pro-bailout parties won a slim majority in Greece's general election over the weekend.
Asian stock markets advanced for the second straight week on expectations that major central banks in the world would act to tackle deteriorating global economic conditions.
There are fresh signs the U.S. economy may be caught in a storm fed by a floundering Europe and a slackening China. Weakening demand in both regions appears to be taking a toll on U.S. manufacturing, already the locus of a contracting workforce.
Manufacturing in the New York region hardly expanded in June as orders and sales cooled, the New York Federal Reserve's Empire State Manufacturing Survey showed Friday.
