–Stocks push higher after soft reading on 1Q GDP –Europe gains as good demand for Italian bonds offset Spain’s downgrade –Amazon.com, Expedia soar as quarterly results exceed expectations –GDP grows 2.2% in 1Q versus expectations for 2.6% growth By Chris Dieterich OF DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Stocks rose as robust quarterly results from…
NEW YORK (Reuters) – New single-family home sales dropped in March to their lowest level in four months, but the reading still beat analysts’ expectations as the government said sales in prior months were higher than initially thought. Consumer confidence edged slightly lower in April, while Americans also reined in their inflation expectations after a…
By Chris Kelly and Maytaal Angel NEW YORK/LONDON | Fri Apr 20, 2012 2:31pm EDT (Reuters) – Copper posted its best weekly performance since late February on Friday, helped by strong first-quarter earnings results in the United States and by receding debt concerns in Europe. Copper jumped 2 percent on Friday to be near the top of winners in the…
NEW YORK (TheStreet) — The major averages are flirting with critical support levels, and it remains to be seen whether bulls will swoop in to defend them. “The major averages are at a critical inflection point as they are all flirting with their respective 50-day moving averages lines,” says Adam Sarhan, founder and CEO of…
Fri Apr 13, 2012 11:06pm BST * Sharpest drop in managed money net longs since Dec * Copper price down 5 pct, open interest over the week By Barani Krishnan FREE GUIDES AND REPORTS FROM DIANOMI ADVERTISEMENT Risk Management Guide Understanding the Basics of Risk Management Request FREE Guide April 13 (Reuters) – Hedge funds…
METALS-Copper ekes out gain ahead of holiday weekend Thu Apr 5, 2012 2:15pm EDT * Copper edges up as market digests Wednesday sell-off * U.S. jobless claims fall to lowest since 2008 * LME copper stockpiles rise in Asia * LME shut Friday, Monday for Easter holidays …
Weak durable goods data temper Dow Thursday, March 29, 2012 US stocks were flat as a weaker- than-expected reading on durable goods orders offset hopes that high oil prices could fall, removing a headwind to the economic recovery. US crude oil futures fell nearly 2 percent after a French newspaper reported several governments, including the…
Stocks Make It 3 ‘Down’ Sessions By MATT JARZEMSKY Stocks fell for a third straight day following weak economic signals from the euro zone and fresh concerns from China about slowing global growth. Major benchmarks extended their retreat from recent multiyear highs. The Dow Jones Industrial Average declined 78.48 points, or 0.6%, to finish at 13046.14….
By Frank Tang and Amanda Cooper NEW YORK/LONDON (Reuters) – Gold rose on Monday after a steep drop last week, with some investors encouraged by signs that central banks have been buying the precious metal on dips, but technical factors suggested prices could fall further. Bullion followed gains in U.S. equities, a stronger euro and higher investor appetite…
3:28pm EDT By Chris Kelly and Maytaal Angel NEW YORK/LONDON (Reuters) – Copper fell for the first time in four days on Monday, pressured by an early rally in the dollar versus the euro and by worries global growth may be slowing, which could hurt demand for industrial metals. China, which accounts for 40 percent of the…