my daily abode...
Stocks extended their winning streak to a fifth day after eking out a slight gain to open second-quarter earnings season. The Dow Jones Industrial Average edged up 18.24 points, or 0.18%, to 10216.27, led by strong gains among technology companies. The market’s modest advance adds to a blockbuster rally last week that recovered much of [...]
Spot yuan edged higher against the dollar on Friday, with the People’s Bank of China setting a higher mid-point in a move seen as a goodwill gesture after the US government declined to label China a currency manipulator. Dollar/yuan offshore forwards eased to imply slightly more yuan appreciation, but dealers said the US decision had [...]
Wall Street rebounded on Tuesday, but strong buying interest evaporated in the afternoon as bearish sentiment reasserted itself. Ending a five-day string of losses, the major indexes bounced back after the S&P 500 closed at a 10-month low on Friday, but investors used the morning’s gains as an opportunity to sell rather than establish new [...]
The euroS declined from near its strongest level in six weeks against the dollar on speculation the region’s central bank will keep interest rates at a record low amid signs the global recovery is slowing. The yen traded near a seven-month high against the dollar before reports today and tomorrow that economists said will show [...]
Markets are bracing for another rocky week as finance ministers around the world ready new defenses to keep the sovereign-debt crisis from spreading. Asian markets opened Monday sharply lower, and the euro continued to slide. On Monday, European finance ministers expect to sign off on a €440 billion ($527 billion) loan package to act as [...]
Stocks fell to their lowest level in four months Friday after the government said hiring remains weak and another European country warned its economy was in trouble. The Dow Jones industrial average dropped 323 points to close below 10,000. It was the lowest finish since February and the third-worst slide of the year. Major indexes [...]
The Perspective Update
Recent Comments