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Latest Reuters Quote: METALS-Copper ends down as recovery doubts weigh
“The reason why copper is not participating to the upside right now is there are too many unanswered questions,” said Adam Sarhan, chief executive of Sarhan Capital.
He cited the rise in crude oil prices and geopolitical tensions in the Middle East, monetary tightening measures in top-consumer China, and the uncertain outcome from Japan’s nuclear crisis as being the most troublesome issues facing the global recovery.
“Investors simply do not know if these events are going to derail the global economic recovery,” Sarhan said.Latest Media Quote: US Stocks Climb As Retail Sales Top Expectations
Nov. 15, 2010, 10:32 a.m. EST By Donna Kardos NEW YORK (MarketWatch) — U.S. stocks rose Monday following better-than-expected retail sales, although the gains were limited by disappointing manufacturing data and a rise in inventories that investors fear might have been too big. The Dow Jones Industrial Average climbed 49 points, or 0.4% to 11241,…
Adam Sarhan Hong Kong Standard Quote: Weak durable goods data temper Dow
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…
Adam Sarhan IBTimes Quote: BlackBerry Ltd Passport Unveiled: 'Why Would Anyone Buy A Blackberry Device?'
Wednesday 9.24.14 BlackBerry Ltd. shares rose over 2 percent on Wednesday morning after the struggling designer, manufacturer and wireless solutions company unveiled its Passport smartphone at simultaneous global events in London, Toronto and Dubai on Sept. 24. The BlackBerry Passport, which has the size and shape of an actual passport, will include features such as a 4.5-inch…
Sarhan in CNBC: Stocks Hold Higher After Fed Minutes
July 6, 2016 9:55am U.S. stocks rose Wednesday, helped by a reversal in oil prices and gains in health care stocks. The Federal Reserve meeting minutes released in the afternoon showed policymakers said it was prudent to wait for more data and the Brexit vote result before raising rates. The non-farm payrolls report due…
Reuters: Wall Street higher on financials; Brent slides
Markets | Mon Dec 21, 2015 11:42am EST Financial stocks led a cheerful start to the Christmas holiday week for the U.S. stock markets, rebounding from two days of losses, with investors taking in stride a slide in crude prices. Trading volumes are expected to be relatively light this week, with stock markets operating a…
