Oil falls after energy watchdog lifts forecasts
By Financial Times on March 12, 2010
Crude oil prices fell after disappointing US consumer confidence data while sugar prices managed a partial rebound after their pounding this week
Read the full story on the Financial Times
Posted in Markets
Greek debt crisis boosts single currency
By Financial Times on March 12, 2010
The yen was in focus this week due to speculation that the Bank of Japan would take steps next week to ease monetary policy even further
Read the full story on the Financial Times
Posted in Markets
Tokyo surges on BoJ easing hopes
By Financial Times on March 12, 2010
Tokyo stocks powered to their best weekly gains in more than three months as expectations the Japanese central bank may take extra monetary easing steps raised the prospect of a weakening yen boosting exporters
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Posted in Markets
Bristol-Myers, Sanofi update Plavix label warning
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Bristol-Myers Squibb Co. and Sanofi Aventis said Friday that the blood-thinner Plavix will now come with a safety warning concerning patients who may not be able to metabolize the drug. About 2% to 14% of the U.S. population have difficulty metabolizing the drug because of a faulty enzyme in [...]
Posted in Markets
US stocks fall in spite of retail figures
By Financial Times on March 12, 2010
US stocks fell on Friday in spite of surprisingly strong retail sales data that came out before trading began and positive employment figures from Canada
Read the full story on the Financial Times
Posted in Markets
Used car values up, except Toyota: Edmunds.com
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Toyota Motor Corp. aside, used car prices have risen about 2% from a month ago, according to a report from Edmunds.com on Friday. The price of Toyota vehicles affected by the recent spate of recalls are down 2.5%. The car-buying research Web site said the trend of rental fleets returning [...]
Posted in Markets
Bankrupt WaMu settles with J.P. Morgan, FDIC
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Washington Mutual Inc. said Friday that it has reached a global settlement agreement with J.P. Morgan Chase & Co. and the Federal Deposit Insurance Corp. The bankrupt bank said it is confident the settlement “will provide substantial recoveries” for its creditors.
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Posted in Markets
Treasurys, dollar stay down after sentiment falls
By MarketWatch on March 12, 2010
NEW YORK (MarketWatch) — Treasury prices declined and the U.S. dollar pared a loss on Friday as an index of consumer sentiment unexpectedly slipped in early March. Bond yields, which move inversely to prices, pared an increase. Yields on 10-year notes increased 2 basis points to 3.75%. The dollar index , which measures the [...]
Posted in Markets
Consumer sentiment dips in March
By MarketWatch on March 12, 2010
WASHINGTON (MarketWatch) — U.S. consumer sentiment dipped in early March, according to media reports on Friday of the Reuters/University of Michigan index. Amid signs that the labor market is approaching a trough but remains frail, the consumer sentiment index declined to 72.5 in March from 73.6 in February. Economists surveyed by MarketWatch had been expecting [...]
Posted in Markets
Commercial Metals sees fiscal second-quarter loss
By MarketWatch on March 12, 2010
NEW YORK (MarketWatch) — Commercial Metals Co. said Friday it expects to post a net loss of $1.50 to $1.60 a share for the fiscal second quarter ended Feb. 28. “This second quarter has been particularly difficult due to a combination of continued weak end-use demand in the nonresidential construction markets, unusually harsh winter [...]
Posted in Markets
Tech stocks claim early session gains
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Technology stocks largely rose in early trading Friday. Gains came from IBM Corp. , Google Inc. , Dell Inc. and Hewlett-Packard Co. . Apple Inc. shares rose 88 cents to $226.35 as the company began taking orders for the iPad, which will be released April 3. The Nasdaq Composite [...]
Posted in Markets
Energy stocks edge higher on firmer crude price
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Energy stocks opened higher Friday, lifted by overnight gains in crude oil prices while receiving further support from a slim advance across the broader stock market. The Philadelphia Oil Service Sector Index was leading the sector on a 0.4% rise to 212 points. The NYSE Arca Oil Index was [...]
Posted in Markets
Retail sales lift sector; Pacific Sunwear tumbles
By MarketWatch on March 12, 2010
NEW YORK (MarketWatch) — Retail stocks rose Friday after the Commerce Department reported better-than-expected retail sales in February, giving another piece of evidence that consumer spending is well on the mend. The S&P Retail Index rose 0.3% to 441.21. Pacific Sunwear of California Inc. tumbled 13% while rival Zumiez Inc. dropped 6.1% [...]
Posted in Markets
Goldman says it’s never used repo 105 transactions
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Goldman Sachs Group said Friday that it has never used a transaction known as repo 105. The examiner investigating the collapse of Lehman Brothers said repo 105 used a clause in accounting rules to classify repos as sales, even though Lehman was still obliged to repurchase the assets at [...]
Posted in Markets
Solid economic data paint positive backdrop
By Financial Times on March 12, 2010
Global Markets Overview: Record rise in eurzone industrial production and strong US retail sales data help global stocks build on Wall Street’s overnight advance
Read the full story on the Financial Times
Posted in Markets
Wall Street falls in spite of retail figures
By Financial Times on March 12, 2010
Wall Street stocks declined in early trade in spite of surprisingly strong retail sales data released before the session’s open and positive employment figures out of Canada
Read the full story on the Financial Times
Posted in Markets
Treasurys erase loss as yields attract buyers
By MarketWatch on March 12, 2010
NEW YORK (MarketWatch) — Treasury prices turned higher in late-morning trading on Friday, pushing yields down, as traders digested a report showing consumer sentiment unexpectedly declined this month. Short-term yields had touched the highest since January earlier in the session, providing an attractive level for investors. “We are seeing buying across the Treasury curve from [...]
Posted in Markets
Crude oil, gold drop after sentiment data
By MarketWatch on March 12, 2010
NEW YORK (MarketWatch) — Crude oil and gold futures turned lower in morning trade Friday after a survey showed U.S. consumers were less optimistic in March. Crude oil for April delivery was down 2 cents at $82.09 a barrel in electronic trade. It earlier rose to a high of $83.20 a barrel, lifted by the [...]
Posted in Markets
U.S. stocks retreat some after sentiment index
By MarketWatch on March 12, 2010
NEW YORK (MarketWatch) — U.S. stocks on Friday scaled back an earlier advance after an index of consumer sentiment dipped in March. The Dow Jones Industrial Average added 17.31 points to 10,629.15. The S&P 500 Index rose 1.55 points to 1,151.79. The Nasdaq Composite Index was fractionally lower at 2,367.71.
[...]
Posted in Markets
Citi shares may snap winning streak
By MarketWatch on March 12, 2010
BOSTON (MarketWatch) — Citigroup Inc. , one of the market’s best-performing stocks in recent weeks, traded lower in early action Friday and posted the highest trading volume on the New York Stock Exchange, followed by Bank of America Corp. . Heading into Friday’s session, Citi shares were up 26% for the year-to-date period and had [...]
Posted in Markets
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