Stocks were mostly lower on Tuesday for a second straight session as the dollar strengthened and oil prices declined in late trading, eroding earlier gains in the energy sector.
The Dow Jones industrial average fell 60.09 points, or 0.53 percent, to 11,346.75. The Standard & Poor’s 500-stock index declined 9.85 points, or 0.8 percent, to 1,213.40. [...]
Posts Tagged ‘economy recovery’
Markets Fall for a Second Day as the Dollar Improves
November 9th, 2010 by Financial Writer
Tags: commerce department, Dow Jones Industrial, economic indicators, economy recovery, Global Economy, loans, real estate investment, stock market
more...China’s Stocks Drop as Banks, Developers Fall on Rate Concern
November 2nd, 2010 by Financial Writer
China’s stocks fell for a second day after government officials said they would take further steps to control inflation after raising interest rates last month.
Industrial & Commercial Bank of China Ltd. and developer China Vanke Co. paced declines among financial stocks after the central bank said it will intensify the use of price tools to [...]
Tags: Asian stocks, bank of china, Chinese economy, economic, economic growth, economy recovery, financial markets, interest rates, loans, us economy
ET in the classroom: Quantitative Easing II
November 1st, 2010 by Financial Writer
What is quantitative easing II?
The term became fashionable post the global economic crisis in 2008, following which most governments across the globe had to pump in huge amount of liquidity in the markets to tide over the crisis. Quantitative easing is the process of infusing money into the system by creating ‘new money’ and eventually [...]
Tags: central bank, economic crisis, economic recovery, economy recovery, Federal Reserve, financial system, Global Economy, stock prices, us economic, us stocks
Fed expected to make big bond buy; what will impact be?
October 28th, 2010 by Financial Writer
The Federal Reserve next week is expected to give the economy the equivalent of a B-12 shot.
But many economists question whether it will be enough to perk up a listless recovery. Others say it ultimately will lead to rampant inflation.
Based on its signals since August, the central bank Wednesday will likely announce a new round [...]
Tags: economic growth, economy recovery, financial markets, Global Economy, homeowners, inflation, interest rates, loans, money, mortgage lenders, stock market
Bernanke’s Caution Doesn’t Dim View On Asset Buys
October 16th, 2010 by Financial Writer
BOSTON (MarketWatch)–While Federal Reserve Chairman Ben Bernanke was regarded as cautious about a second round of bond-buying to stimulate the economy, economists on Friday said the underlying message was still that some sort of program would be enacted.
“Bernanke knows that the market is allocating more than a 90% probability [of a second round of bond [...]
Tags: economists, economy recovery, Federal Reserve, inflation, loans, monetary, money, unemployment rate, us economy
Administration delays China currency report
October 15th, 2010 by Financial Writer
The Obama administration announced Friday it will delay a scheduled report on whether China is manipulating its currency to gain trade advantages until after upcoming meetings with world leaders next month.
Instead of putting out a report, the Treasury Department issued a statement praising China for letting the yuan appreciate by roughly 3 percent since June [...]
Tags: Chinese economy, economy recovery, Global Economy, U.S. markets
China not headed for currency war- Geithner
October 1st, 2010 by Financial Writer
The United States and China can manage differences over Beijing’s currency policies without starting a trade war that damages both sides, U.S. Treasury Secretary Timothy Geithner said on Thursday.
“We’re not going to have a trade war. We’re not going to have currency wars,” Geithner said one day after the House of Representatives passed legislation authorizing [...]
Tags: economic activity, economic recovery, economy recovery, financial system, Global Economy, Global Markets, IMF, loans, money
New U.S. financial risk council meets Friday
September 30th, 2010 by Financial Writer
A new council of U.S. regulators charged with identifying risks to the financial system holds it first meeting later on Friday with an agenda that includes risky trading and how to pick which non-bank financial institutions need special scrutiny.
The Financial Stability Oversight Council, created under the financial overhaul signed into law in July, is scheduled [...]
Tags: economic growth, economy recovery, european central bank, financial crisis, financial system, loans, stock market, us economy
Dear Bernanke: QE2 Needs To Be Full Steam Ahead
September 28th, 2010 by Financial Writer
Whatever you take from Tuesday’s economic data — consumer confidence gauges probably get more credit than they should, but falling back to February levels certainly isn’t good — it seems clear that the Federal Reserve will be grappling with a mixed view on the U.S. recovery when it next gathers for an FOMC meeting November [...]
Tags: central bank, economic activity, economic growth, economy recovery, Federal Reserve, financial system, us economy
Yuan Climbs to Strongest Since 1993 After Obama Criticizes China Policies
September 20th, 2010 by Financial Writer
The yuan climbed to the strongest level since 1993 after President Barack Obama criticized China for not letting its currency strengthen.
China’s leaders haven’t done “everything they said would be done” to allow appreciation, Obama said at an hour-long town hall discussion in Washington. Yuan forwards gained for a fourth day as the dollar weakened against [...]
Tags: Chinese economy, currency market, economic growth, economy recovery, financial markets, financial system, japan's economy, us economy