By Frank Tang NEW YORK | Tue Oct 16, 2012 2:56pm EDT (Reuters) – Gold rose on Tuesday to snap two days of hefty losses lifted by a broad dollar drop and by data showing U.S. consumer prices climbed but not enough to derail the Federal Reserve’s ultra-easy monetary policy. The metal rebounded from Monday’s one-month low,…
Published: Tuesday, 16 Oct 2012 | 10:54 AM ET NEW YORK (Reuters) – World shares rose for a second day on Tuesday and the euro rallied against the U.S. dollar after a report said Germany could show greater flexibility toward aid to Spain and as U.S. corporate earnings surprised on the upside. Returning confidence in Germany…
Tue Oct 16, 2012 9:12am EDT * Johnson & Johnson, UnitedHealth Group raise profit views * Goldman reports stronger-than-expected profit * Citigroup CEO Pandit unexpectedly resigns, shares fall * Futures up: Dow 58 pts, S&P 6.5 pts, Nasdaq 12.75 pts By Ryan Vlastelica NEW YORK, Oct 16 (Reuters) – U.S. stock index futures pointed to a higher open on…
Published: Tuesday, 16 Oct 2012 | 10:15 AM ET NEW YORK (Reuters) – Stocks rose on Tuesday as stronger-than-expected quarterly earnings from such bellwethers as Goldman Sachs and Johnson & Johnson alleviated concerns about the slowing global economy. Dow components Johnson & Johnson <JNJ.N> and UnitedHealth Group <UNH.N>, both raised their full-year profit views while Goldman…
Tue Oct 16, 2012 10:12am EDT (Reuters) – Citigroup Inc Chief Executive Vikram Pandit has resigned, effectively immediately, a shock change at the top of the bank just one day after surprisingly strong quarterly results. A statement on Tuesday from Chairman Michael O’Neill said Michael Corbat, previously chief executive for Europe, Middle East and Africa,…
Tue Oct 16, 2012 8:54am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although faster inflation looked unlikely to derail the Federal Reserve’s ultra-easy policy path. KEY POINTS: * The Consumer Price Index increased 0.6 percent last month, in…
By Jason Lange WASHINGTON | Tue Oct 16, 2012 10:06am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although inflation pressures look unlikely to derail the Federal Reserve’s ultra-easy policy path. A separate report on Tuesday showed U.S. factory output rose only modestly in…
Friday, October 12, 2012 Stock Market Commentary: The major averages fell last week and broke down below their respective 50 DMA lines for the first time since July. So far this is nothing more than a normal pullback after a big run. The S&P 500 is less than -4% below its multi year high of…
Published: Thursday, 11 Oct 2012 | 2:30 PM ET NEW YORK/LONDON (Reuters) – Gold rose on Thursday, tracking U.S. equities and other commodities higher, as a sharp drop in the number of Americans filing new claims for jobless benefits helped the metal snap four straight days of declines. Bullion could further consolidate gains after four consecutive…
By Frank Tang and Amanda Cooper NEW YORK/LONDON | Thu Oct 11, 2012 2:30pm EDT (Reuters) – Gold rose on Thursday, tracking U.S. equities and other commodities higher, as a sharp drop in the number of Americans filing new claims for jobless benefits helped the metal snap four straight days of declines. Bullion could…