Stock index futures are modestly lower after a payroll company’s labor market report indicated job losses are slowing, but not as fast as expected.
The ADP National Employment Report said Wednesday that 84,000 private sector jobs were lost in December. That’s slightly worse than the 73,000 expected by economists polled by Thomson Reuters, but better than [...]
Archive for the ‘Global Economy’ Category
Stock futures point to lower Wall Street open
January 6th, 2010 by Financial Writer
Tags: adp, economists, labor department's, stock, thomson reuters
more...Dems, Wall Street water down financial reform
January 5th, 2010 by Financial Writer
“I have nothing to say except I know how Britney Spears feels,” said Rep. Barney Frank on Sept. 27, 2008, after yet another day in which a pack of journalists followed his every move.
In the frenzied early reckoning of the financial crisis, Frank, the 15-term Massachusetts Democrat known for being the second openly gay member [...]
Tags: banking industry, financial crisis, financial reform, legislators, us federal reserve, wall street
Stock futures point to gains to start 2010
January 4th, 2010 by Financial Writer
Stocks appear headed for a higher opening Monday on the first day of trading in the new year following the lead of overseas markets. Stock futures rose.
An analyst’s ratings upgrade of Intel Corp. shares helped push the technology group higher.
Asian markets received a boost after new data showed China’s manufacturing sector expanded at its fastest [...]
Tags: china's manufacturing, economic recovery, investors, stocks futures, us investors
Market’s big ‘09 rally offers relief after awful ‘08
January 3rd, 2010 by Financial Writer
For investors, 2009 will go down as the year we survived the Great Recession and were able to breathe a huge sigh of relief.
After enduring a near-freefall in the early, panicky months of the year, the stock market mounted a tremendous rally in the final nine months, sending major indexes up more than 60 percent [...]
Tags: Dow Jones Industrial, financial crisis, great depression, great recession, stock market
Ahead of the Bell: Jobless claims
December 31st, 2009 by Financial Writer
The number of newly laid-off workers seeking unemployment benefits likely rose slightly last week, a sign that jobs remain scarce even as the economy slowly recovers.
A Labor Department report is expected to show new unemployment insurance claims rose by 8,000 to a seasonally adjusted 460,000, according to economists surveyed by Thomson Reuters.
Economists closely monitor initial [...]
Tags: bell, economy recovery, economy slowly, jobless claims, unemployment
What Americans might face next: inflation
December 31st, 2009 by Financial Writer
A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about?
The answers to these questions will help define the timing of the Federal Reserve’s pullback from an unprecedented level of monetary [...]
Tags: americans might, fed, inflation, interest rates, purchasing power
World markets mixed after Wall Street slips
December 30th, 2009 by Financial Writer
European stock markets were mixed during sluggish year-end trading Wednesday after Wall Street snapped a six-day advance overnight and Asian markets fluctuated.
In Europe, the FTSE-100 index of leading British shares held its last full session of the year, inching up 0.5 percent to 5,429.22. In France, the CAC 40 retreated from its 2009 high reached [...]
Tags: home prices, japan airlines, stock markets, wall street
Fed Proposes Selling Term Deposits to Absorb Excess Reserves
December 29th, 2009 by Financial Writer
The Federal Reserve proposed a program to sell term deposits to banks to absorb some of the banking system’s $1 trillion in excess reserves now threatening to accelerate inflation as the economy recovers.
The plan, subject to a 30-day comment period, “has no implications for monetary policy decisions in the near term,” the central bank said [...]
Tags: banking system’s, central bank, economy recovers, fed, Federal Reserve, jeffrey lacker
Sales up a bit these holidays over last year
December 28th, 2009 by Financial Writer
Holiday shoppers spent a little more this season, according to data released Monday, giving merchants some reason for cheer.
The spending bounce means retailers managed to avoid a repeat of last year’s disaster even amid tight credit and double-digit unemployment. Profits should be healthier, too, because stores had a year to plan their inventories to match [...]
Tags: holiday shoppers, lean inventories, managing inventories, thanksgiving
Japan can avoid double-dip recession: minister
December 27th, 2009 by Financial Writer
Japanese National Strategy Minister Naoto Kan said on Sunday the country’s economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by the government and better market conditions.
Japan’s economy is in deflation and the three-month old Democratic Party-led government fears a return to a recession next year, especially ahead of an upper [...]
Tags: economic recovery, economy, fiscal spending, japan, naoto kan, recession