By Christopher Harress August 16 2013 12:10 PM This week marked a transition many Europeans have been waiting for: The euro zone has come out of recession for the first time since November 2011, posting growth of 0.3 percent in the second quarter, slightly above analyst expectations.The figure reflects both growth of 0.7 percent and 0.5…
By Frank Tang NEW YORK | Wed Aug 14, 2013 8:23pm EDT (Reuters) – Paulson & Co more than halved its stake in SPDR Gold Trust, the world’s biggest gold-backed exchange-traded fund, in the second quarter, when the bullion price lost nearly a quarter of its value. The prominent U.S. hedge fund, led by longtime gold bull…
Wed Aug 14, 2013 8:42am EDT * Wall Street struggles for direction, volume low * Deere shares higher in premarket after results * Europe shows signs of momentum, France out of recession * Futures down: Dow 20 pts, S&P 2.1 pts, Nasdaq 3.75 pts By Ryan Vlastelica NEW YORK, Aug 14 (Reuters) – U.S. stock index futures pointed to slight losses at the open on…
August 7, 2013, 11:37 AM As Wall Street looks down the barrel of a third day of losses, the wall of worry is being precariously scaled once again, this time with Jones Trading’s Michael O’Rourke saying investors are involved in a “lunge for exposure” and may be paying too much for stocks right now. “We…
Is It Time to Buy Commodities? With prices sharply down on many commodities—and stocks at record highs—investors may be wondering: Is it time to swap stocks for soybeans? We investigate. August 2, 2013, 7:51 p.m. ET By JOE LIGHT, DAN STRUMPF, ALEXANDRA WEXLER, TATYANA SHUMSKY, LESLIE JOSEPHS Commodities investors are missing out on the party. Since its recent peak…
NEW YORK | Fri Aug 2, 2013 9:10am EDT (Reuters) – U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000, the…
July 29, 2013, 10:57 a.m. EDT Stocks drop after home data; investors await Fed Saks up after it agrees to be acquired in $2.4 billion buyout By William L. Watts, MarketWatch NEW YORK (MarketWatch) — U.S. stocks lost ground Monday, with a drop in home sales adding to initial pressure as investors awaited bigger data later…
July 26, 2013, 12:35 PM ET Facebook’s ‘Breakaway Gap’ Is Bullish Game Changer By Tomi Kilgore Investors may be wondering if they have missed the boat after a 30% one-day surge in Facebook Inc.’sshares. But chart-watchers say that while there could be a short-term pullback, there is plenty more room to run to new highs. On Thursday,…
Tue Jul 23, 2013 3:44pm EDT * UTX shares hit all-time high and lift the Dowindustrials * Biotech drags on the healthcare sector * Apple’s stock falls 1 pct, earnings due after the closing bell * Dow up 0.3 pct; S&P 500 off 0.03 pct; Nasdaq down 0.4 pct By Alison Griswold NEW YORK, July 23 (Reuters) – The Dow industrials and…
TOP NEWS Hedge funds’ bullish commodity bets near 6-month peak after Fed Sat, Jul 20 00:00 AM BST * Managed money net longs breach $76 bln, most since early Feb * Wagers on U.S. crude oil at record highs * Hedge fund bets also growing for a rebound in gold By Barani Krishnan NEW YORK,…