Oct. 31 (Bloomberg) -- The yen rose for the first day in
four against the euro as declines in Asian stocks prompted
investors to sell higher-yielding assets funded by low-cost
loans in Japan.
Japan's currency also gained against the Australian and New
Zealand dollars as commodities fell amid concern a credit crisis
has thrown the global economy into a recession. [...]
NEW YORK (AP) — Wall Street prepared to take some money off the table Wednesday, a day after the market's huge rally, as investors awaited an afternoon decision on interest rates from the Federal Reserve.
A surprise gain in orders for big-ticket manufactured goods was not enough to maintain upward momentum in premarket trading. The [...]
NEW YORK (Associated Press) - Shares of biotechnology companies mostly rose Wednesday as the Federal Reserve cut its key interest rate by a half-point to 1 percent in the face of a financial market crisis that has spilled over to weaken the global economy.
Shares were trading higher earlier in the day, as investors anticipated [...]
Jittery consumers and plunging home prices weren't enough to keep the stock market in check Tuesday. In fact, it soared despite them as investors bet that share prices have been adequately slashed to reflect such economic pitfalls.
The Dow Jones Industrial Average leapt 889.35 points, or 10.9%, to 9065.12, aided by gains in all 30 [...]
A little more than a year ago,
some of the stock market’s circuit breakers, or index-based threshholds to
. And now that the market is actually in
, the ones that remain look less potent everyday.
. About a year ago, the New York Stock Exchange
and received permission from the Securities and Exchange Commission [...]
Battered by declining equity markets and a gloomy long-term economic
forecast, U.S. consumer confidence plummeted to its lowest level on record
this month, according to a report released Oct. 28 by the Conference Board,
a private research group. According to its consumer confidence index, which
had improved in September even amid Lehman Brothers' collapse and the
government's bailout of insurance [...]
JEDDAH: Growing fears of recession sent share and oil prices plummeting yesterday as markets shrugged off new moves to protect shell-shocked economies and a G-7 pledge to stabilize the financial system.
Wall Street shares, however, rebounded from an opening slide, helping European markets trim their losses late in the day after Asian markets took another [...]
TOKYO, Oct. 26 (Xinhua) -- Shrinking exports, a strong yen and people's concerns about the economic prospect have kept the Japanese stock market plummeting over the past weeks, analysts say.
Tokyo stocks continued a downtrend Friday with the key Nikkei 225 average shedding 811.90 points, or 9.60 percent, to 7,649.08, a new low in more [...]
With the Dow Jones industrials at a fresh bear market low and down 41% from the peak, it's not surprising the "how low is low" chorus is growing louder. Pinpointing market bottoms, however, is not an exact science.
There is no way to quantify how much panic-driven selling from individuals is yet to come. Or [...]
It was unfamiliar territory for him. In Latin America, stock markets are seen as a club for the rich, and most countries are just beginning to persuade middle-class investors to get in.
Those who did, such as Zvetelman, saw their modest holdings soar in value — until they all came crashing down this month. "It [...]