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Global financial news, market analysis, economics and forex news
- Stocks Close Slightly Lower But Well Off Worst Levels - U.S. Commentary
- Mon, 10 Mar 2014 20:27:53 GMT - After coming under pressure in early trading on Monday, stocks regained some ground over the course of the session but still ended the day mostly lower. Traders generally showed a lack of conviction amid a relatively quiet news day. The major averages climbed well off their lows for the session but still finished the day in the red.
- Majority Of Americans Support Sanctions Against Russia
- Mon, 10 Mar 2014 18:04:31 GMT - Amid the ongoing crisis in Ukraine, the results of a CNN/ORC International survey released Monday showed that a majority of Americans support imposing economic sanctions against Russia for its role in the conflict. The poll found that 59 percent of Americans support the use of sanctions against Russia in an attempt to persuade the country to remove its forces from the Crimean peninsula.
- Disappointing Chinese Trade Data Weighing On Wall Street - U.S. Commentary
- Mon, 10 Mar 2014 16:18:59 GMT - After moving modestly lower in early trading on Monday, stocks have seen continued weakness over the course of the trading session. The pullback on the day is partly offsetting the strong upward move that was seen last week. The major averages have climbed off their worst levels of the day but currently remain in the red.
- Stocks Seeing Modest Weakness In Early Trading - U.S. Commentary
- Mon, 10 Mar 2014 14:16:22 GMT - Stocks have moved modestly lower in early trading on Monday, giving back some ground after trending higher over the past few weeks. The major averages have all moved to the downside, although selling pressure has remained relatively subdued.
- Chinese President Urges Obama To Exercise Restraint On Ukraine
- Mon, 10 Mar 2014 13:56:42 GMT - Chinese President Xi Jinping urged the U.S. to exercise restraint regarding the situation in Ukraine in a phone call with President Barack Obama on Sunday. "The situation in Ukraine is extremely complex, and what is most urgent is for all sides to remain calm and exercise restraint to avoid an escalation in tensions," Xi told Obama, according to China's Foreign Ministry.
- German Company Wins Inaugural EU Prize For Innovative Vaccine Technology
- Mon, 10 Mar 2014 13:41:36 GMT - German biopharmaceutical company CureVac GmbH has won the European Union's first ever innovation inducement prize for progress towards a novel technology to bring life-saving vaccines to people across the planet in safe and affordable ways. The European Commission offered the prize, worth EUR2 million, to encourage inventors to overcome one of the biggest barriers to using vaccines in developing
- Stocks May Come Under Pressure On Disappointing Chinese Data - U.S. Commentary
- Mon, 10 Mar 2014 12:50:01 GMT - With disappointing Chinese trade data generating some negative sentiment, stocks are likely to move to the downside in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 39 points.
- FMC Plans To Split Into Two Independent Publicly Listed Companies
- Mon, 10 Mar 2014 12:23:05 GMT - Diversified chemicals maker FMC Corp. said Monday that it plans to split the company into two independent publicly listed companies, New FMC and FMC Minerals. The split is expected to be completed in early 2015, with both the companies to be listed on the New York Stock Exchange.
- Eurozone Sentix Investor Confidence At 35-Month High
- Mon, 10 Mar 2014 12:15:44 GMT - Eurozone investor confidence reached its highest level since April 2011 in March, underpinned by a notable improvement in the current situation assessment, a survey conducted by the think tank Sentix showed on Monday. The composite confidence index rose to 13.9 from 13.3 in February, while economists had forecast it to rise to 14. However, it was the highest score since April 2011.
- Uncertain Mood Prevails On Wall Street
- Mon, 10 Mar 2014 10:30:23 GMT - The trading in the U.S. index futures suggest that the markets may search for direction following their recent run up. The major index futures are pointing to a narrowly mixed opening on Monday. Earlier in the global trading day, weak Chinese trade data weighed down on Asian stocks, with the Chinese market retreating sharply.
- Asian Stocks Fall On China Data; Ukraine Concerns
- Mon, 10 Mar 2014 09:28:32 GMT - The Asian markets fell sharply on Monday, led by stocks in China, Hong Kong and Japan as investors digested weak economic data and fretted about the escalating standoff between Russia and the West over Russia's seizure of Crimea.
- European Stocks Set To Follow Asia Lower
- Mon, 10 Mar 2014 07:24:09 GMT - European stocks may open slightly subdued on Monday, reflecting declines in Asian stocks and commodities as mounting tensions in Ukraine and concerns about the Chinese credit markets and economic outlook prompted investors to seek shelter in safe-haven assets. The economic calendar for the day is relatively quiet, with investors awaiting Eurozone investor confidence and Swiss retail sales data for further direction.
- Asian Markets Trade Lower On Economic Concerns, Ukraine Conflict
- Mon, 10 Mar 2014 03:56:15 GMT - Asian stock markets are mostly trading notably lower on Monday with investors pressing sales amid mounting concerns about the conflict in Ukraine and on some weak economic data from China as well as Japan.
- Bouygues In Talks To Divest Network, Frequencies To Ilaid SA's Free For $2.5 Bln
- Mon, 10 Mar 2014 02:23:50 GMT - French conglomerate Bouygues SA (BOUYY) and its mobile service provider Bouygues Telecom on Sunday entered into exclusive talks to sell part of its mobile phone network and a portfolio of frequencies to smaller peer Ilaid SA's Free in a deal valued at up to 1.8 billion euros or $2.5 billion. Free has said that it would be an upfront buyer of a network and frequencies.
- Malaysia Airlines Flight Goes Missing
- Sat, 08 Mar 2014 11:42:47 GMT - A Malaysia Airlines plane with 239 on board went missing above the South China Sea on Saturday.
- China February Exports Plunge; Import Growth Accelerates
- Sat, 08 Mar 2014 10:06:17 GMT - Chinese exports declined unexpectedly, while growth in imports accelerated in February, taking the trade balance surprisingly to a negative zone. Exports declined sharply by 18.1 percent, reversing the 10.6 percent increase in January, data from the General Administration of Customs showed Saturday. The decline was in contrast to a 7.5 percent rise forecast by economists.
- Stocks Turn In Lackluster Performance Despite Upbeat Jobs Data - U.S. Commentary
- Fri, 07 Mar 2014 20:20:56 GMT - After failing to sustain an initial upward move, stocks turned in a lackluster performance over the course of the trading day on Friday. The choppy trading came despite the release of a relatively upbeat monthly employment report. The major averages eventually closed mixed for the third consecutive session.
- Most Americans Support Construction Of Keystone Pipeline
- Fri, 07 Mar 2014 18:59:47 GMT - With the potential economic benefits seen as outweighing the environmental concerns, the results of a new Washington Post-ABC News poll found that a vast majority of Americans support the construction of the Keystone XL oil pipeline. The poll found that 65 percent of Americans think the government should approve construction of the pipeline, while just 22 percent disagree.
- Poll Shows Half Of Millennials Consider Themselves Independents
- Fri, 07 Mar 2014 17:53:54 GMT - Reflecting dissatisfaction with the two major political parties among younger Americans, the results of a new Pew Research Center survey found that half of Millennials now describe themselves as political independents.
- Stocks Turning In Lackluster Performance In Mid-Day Trading - U.S. Commentary
- Fri, 07 Mar 2014 16:05:39 GMT - After ending the previous session mixed, stocks are turning in another lackluster performance during trading on Friday. The choppy trading on Wall Street comes despite the release of a relatively upbeat monthly jobs report. The major averages are currently on opposite sides of the unchanged line.
- Obama And Putin Remain Far Apart On Ukraine After Phone Call
- Fri, 07 Mar 2014 15:14:05 GMT - U.S. President Barack Obama and his Russian counterpart Vladimir Putin held a one-hour phone call on Thursday but seemed to remain far apart on the issue of Ukraine. During the call, Obama reiterated his assertion that Russia's actions are in violation of Ukraine's sovereignty and territorial integrity.
- Canada Unexpectedly Loses Jobs In February
- Fri, 07 Mar 2014 14:35:29 GMT - The Canadian economy unexpectedly shed 7,000 jobs in February, official data showed Friday.
- Stocks Turn Mixed After Initial Buying Interest Fades - U.S. Commentary
- Fri, 07 Mar 2014 14:15:30 GMT - After failing to sustain an initial upward move, stocks have turned mixed in early trading on Friday. The major averages have pulled back off their highs for the young session, with the tech-heavy Nasdaq once again sliding into negative territory.
- U.S. Trade Deficit Widens Slightly To $39.1 Billion In January
- Fri, 07 Mar 2014 13:43:27 GMT - With imports increasing by slightly more than exports, the Commerce Department released a report on Friday showing that the U.S. trade deficit edged wider in the month of January. The report showed that the trade deficit widened to $39.1 billion in January from a revised $39.0 billion in December.
- U.S. Job Growth Exceeds Economist Estimates In February
- Fri, 07 Mar 2014 13:26:24 GMT - Employment in the U.S. increased by more than anticipated in the month of February, according to a report released by the Labor Department on Friday, although the unemployment rate still unexpectedly ticked higher. The Labor Department said non-farm payroll employment rose by 175,000 jobs in February compared to economist estimates for an increase of about 150,000 jobs.
- Stocks May See Early Strength On Upbeat Jobs Data - U.S. Commentary
- Fri, 07 Mar 2014 12:57:35 GMT - Stocks are likely to move to the upside in early trading on Friday on the heels of the release of an upbeat monthly jobs report. The major index futures are currently pointing to a notably higher open for the markets, with the Dow futures up by 82 points.
- German Industrial Production Climbs In January Led By Construction
- Fri, 07 Mar 2014 12:24:05 GMT - German industrial production increased for a third straight month in January, as a mild winter boosted construction output, and signaled accelerating momentum in euro area's biggest economy. Industrial production rose a seasonally-and-calendar-adjusted 0.8 percent month-on-month, following a 0.1 percent rise in December, which was revised from a 0.6 percent fall.
- Foot Locker Fourth Quarter Results Top Estimates
- Fri, 07 Mar 2014 11:50:53 GMT - Athletic apparel and footwear retailer Foot Locker, Inc. reported Friday a profit for the fourth quarter that increased from last year, reflecting revenues growth. Sales at established stores also grew 5.3 percent. Both adjusted earnings per share and quarterly sales topped analysts' expectations.
- Big Lots Q4 Profit Declines, To Buy Back Shares
- Fri, 07 Mar 2014 11:26:48 GMT - Broadline closeout retailer Big Lots Inc. (BIG) Friday reported lower profit for the fourth quarter as sales declined, yet topped estimates. The company approved a share repurchase program earlier this week to buy back up to $125 million of common shares.
- Wall Street Guarded Amid Job Apprehension
- Fri, 07 Mar 2014 10:37:19 GMT - Nervousness on Wall Street is palpable, as traders await the all important jobs report. The major U.S. index futures point to a nearly flat opening on Friday. Earlier in the global trading day, Asian stocks had a mixed outing, while the European markets are showing weakness. The domestic market may be all ears to the non-farm payrolls report.