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Global financial news, market analysis, economics and forex news

Asian Markets Mostly Subdued Ahead Of OPEC Meeting
Thu, 27 Nov 2014 03:48:48 GMT - Asian stock markets are mostly subdued on Thursday, with the overnight mixed close on Wall Street following the release of some soft economic data weighing on stocks. Though some of the markets are in positive territory, buying interest is somewhat subdued.
Stocks Close Mostly Higher After Lackluster Trading Day - U.S. Commentary
Wed, 26 Nov 2014 21:21:33 GMT - After turning in a lackluster performance for much of the session, stocks managed to end Wednesday's trading mostly higher. The gains lifted the Dow and the S&P 500 to new record closing highs, while the Nasdaq reached its best levels since 2000.
Americans Support Obama's Immigration Policies But Oppose Executive Action
Wed, 26 Nov 2014 20:28:59 GMT - Half of Americans agree with the changes to immigration policy announced by President Barack Obama last week, according to a CNN/ORC poll, although a majority opposes using executive orders to implement those policies.
Crude Oil Ends Lower Ahead Of OPEC Meet, Strong Supply Data
Wed, 26 Nov 2014 20:02:17 GMT - U.S. crude oil ended lower for a third straight session on Wednesday, after a report from the Energy Information Administration showed crude stockpiles in the U.S. increased more than expected last week and with investors focused on the upcoming crucial OPEC meet in Vienna tomorrow.
EPA Proposes Rule To Increase Ground-Level Ozone Standards
Wed, 26 Nov 2014 19:55:39 GMT - Warning about the harmful effects of ground-level ozone, the Environmental Protection Agency proposed strengthening air quality standards on Wednesday. The EPA proposed reducing the limit for ozone pollution from 75 parts per billion to within a range of 65 to 70 parts per billion.
Gold Ends A Tad Lower Even As Dollar Weakens
Wed, 26 Nov 2014 19:27:08 GMT - Gold futures ended a tad lower on Wednesday, despite a weak dollar trended after some largely soft economic data from the U.S. with initial claims for unemployment benefits rising more than expected even as new homes sales in October increased modestly.
Poll Suggests Republicans Want Romney To Run Again In 2016
Wed, 26 Nov 2014 19:19:12 GMT - While Mitt Romney has said he has no plans to run for president again, the results of a Quinnipiac University national poll released Wednesday show the former Massachusetts Governor leading a group of potential Republican presidential candidates.
Stocks Continue To Show A Lack Of Direction In Mid-Day Trading - U.S. Commentary
Wed, 26 Nov 2014 17:09:18 GMT - After ending the previous session roughly flat, stocks have continued to show a lack of direction throughout the trading day on Wednesday. The choppy trading comes following the release of a slew of U.S. economic data.
Chicago Business Barometer Falls More Than Expected In November
Wed, 26 Nov 2014 16:17:15 GMT - Chicago-area business activity grew at a notably slower rate in the month of November, according to a report released by MNI Indicators on Wednesday. MNI Indicators said its Chicago business barometer fell to 60.8 in November from a one-year high of 66.2 in October.
U.S. New Home Sales Edge Up By 0.7% In October
Wed, 26 Nov 2014 16:03:39 GMT - New home sales in the U.S. saw a modest increase in the month of October, according to a report released by the Commerce Department on Wednesday. The report said new home sales rose by 0.7 percent to a seasonally adjusted annual rate of 458,000 in October from the revised September rate of 455,000.
U.S. Consumer Sentiment Index Downwardly Revised But Still At 7-Year High
Wed, 26 Nov 2014 15:53:05 GMT - Consumer sentiment in the U.S. improved by less than previously estimated in the month of November, according to a report released by Thomson Reuters and the University of Michigan on Wednesday.
Stocks Turning In Lackluster Performance Amid Slew Of Data - U.S. Commentary
Wed, 26 Nov 2014 15:37:09 GMT - With traders digesting a slew of U.S. economic data, stocks are turning in a lackluster performance in early trading on Wednesday. The major averages are once again showing only modest moves after ending the previous session nearly flat.
U.S. Pending Home Sales Unexpectedly Fall 1.1% In October
Wed, 26 Nov 2014 15:13:43 GMT - Pending home sales in the U.S. unexpectedly decreased in the month of October but remained at a healthy level, the National Association of Realtors said in a report released on Wednesday.
U.S. Personal Income And Spending Both Rise 0.2% In October, Less Than Expected
Wed, 26 Nov 2014 14:43:59 GMT - Personal income in the U.S. rose by less than expected in the month of October, according to a report released by the Commerce Department on Wednesday. The increase in personal spending also fell short of economist estimates.
U.S. Durable Goods Orders Unexpectedly Rebound By 0.4% In October
Wed, 26 Nov 2014 14:33:30 GMT - After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing that durable goods orders unexpectedly rebounded in the month of October.
U.S. Weekly Jobless Claims Unexpectedly Climb To 313,000
Wed, 26 Nov 2014 14:17:28 GMT - First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended November 22nd, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims rose to 313,000, an increase of 21,000 from the previous week's revised level of 292,000.
Stocks May Continue To Experience Choppy Trading - U.S. Commentary
Wed, 26 Nov 2014 13:59:09 GMT - After showing a lack of direction throughout the previous session, stocks may continue to experience choppy trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 6 points.
EUR315 Billion Investment Plan To Kick-start Europe's Economy
Wed, 26 Nov 2014 13:21:43 GMT - European Commission President Jean-Claude Juncker has announced the creation of a new EU strategic investment fund designed to mobilize at least EUR315 billion over the next three years to jump-start the EU economy. The Investment Plan to get Europe growing again and get more people back to work was unveiled at the European Parliament's plenary session on Wednesday. The plan is based on three pill
Deere Q4 Profit Down 20%, But Results Beat View; Sees Weak 2015
Wed, 26 Nov 2014 13:15:30 GMT - Agricultural machinery maker Deere & Co. on Wednesday reported a 20 percent decline in profit for the fourth quarter from last year, reflecting lower sales of agricultural equipment amid a slowdown in the global farm sector. However, both revenue and earnings per share beat analysts' expectations. Looking ahead, the company forecast lower earnings and equipment sales for fiscal 2015.
U.K. Economy Expands 0.7% On Robust Consumer Spending
Wed, 26 Nov 2014 12:08:11 GMT - The U.K. economy registered robust growth as estimated in the third quarter as strength in consumer spending offset the weakness in exports and business investment. Gross domestic product grew 0.7 percent sequentially in the third quarter, unrevised from the previous estimate published on October 24, second estimates from the Office for National Statistics showed Wednesday.
Wall Street Awaits Data Deluge Ahead Of Thanksgiving Break
Wed, 26 Nov 2014 11:30:33 GMT - Early indications suggest that Wall Street stocks may open slightly higher on Wednesday even as the mood remains apprehensive ahead of the release of a slew of market moving economic data. Asian stocks closed mostly higher earlier in the day, while the European markets are gaining ground, adding to the buoyancy witnessed in the previous session. Though trading activity may remain light due to the Thanksgiving holiday on Thursday, economic data on jobless claims, personal income & spending, durable goods orders, new home sales, pending home sales and consumer sentiment could create some ripples in the markets.
Asian Stocks Rise On US GDP Data
Wed, 26 Nov 2014 09:16:37 GMT - Asian stocks extended gains for a fourth consecutive session on Wednesday, with Chinese and Hong Kong stocks rallying sharply on hopes for further rate cuts, while the Australian market rose amid bargain hunting in high-yielding stocks.
Thomas Cook Posts Narrower Loss, CEO Harriet Green Steps Down; Shares Fall
Wed, 26 Nov 2014 09:09:58 GMT - Tour operator Thomas Cook Group Plc Wednesday reported a narrower loss for fiscal 2014, as margins improved reflecting strong progress in delivering Wave 1 of its cost out and profit improvement programme. Revenues, however, declined from last year. The shares fell more than 22 percent in London.
Psoriasis Drug Trial Meets Goals, Reimbursement Rate For Cologuard Finalized
Wed, 26 Nov 2014 08:50:35 GMT - Exact Sciences Corp.'s (EXAS) Cologuard will be reimbursed at $502 per test, according to the final payment decision issued by the Centers for Medicare & Medicaid Services.
Earnings ATB : Nov 25 (HPQ,AVAV,PWRD,TIVO,BAMM & More)
Wed, 26 Nov 2014 07:50:13 GMT - The following companies reported earnings after the bell on Nov 25.
European Stocks Seen Rising On US Optimism
Wed, 26 Nov 2014 07:21:59 GMT - European stocks are seen opening slightly higher on Wednesday, as stronger-than-expected U.S. GDP data spurred optimism the U.S. economy is on a solid footing despite an uncertain global economy.
Why Tecfidera Drug Label Is Updated...
Wed, 26 Nov 2014 04:25:03 GMT - The drug label of Biogen Idec Inc.'s (BIIB) Tecfidera, an oral therapy for multiple sclerosis, has been updated to include information describing the case of a rare and serious brain infection called PML associated with its use, the FDA announced on Tuesday.
Asian Markets Mostly Higher Amid Cautious Trades
Wed, 26 Nov 2014 03:49:27 GMT - Asian stock markets are mostly trading higher on Wednesday, although buying interest is somewhat subdued in the region, with investors looking ahead to some crucial U.S. economic data.
Analog Devices Profit Tops Estimate
Tue, 25 Nov 2014 23:36:08 GMT - Analog Devices reported a plunge in fourth-quarter profit, hurt by acquisition-related charges and other expenses, even as sales climbed 20 percent on strength in industrial and communications segments. Earnings for the quarter topped Wall Street estimates by a penny, and sales also surpassed expectations.
HP Earnings Match Estimate; Revenue Misses
Tue, 25 Nov 2014 23:02:12 GMT - Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast.


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