But the prospects for the retail sector seem far gloomier than for the overall market.
The weak economy is all but certain to make this one of the weakest spending seasons in years. And though ubiquitous sales may help to pack shopping malls, they'll cut deeply into earnings.
The big unknown is whether the nation's [...]
BEIJING/SHANGHAI, Dec 1 (Reuters) - Chinese newspapers
available in Beijing and Shanghai carried the following stories
on Monday. Reuters has not checked the stories and does not vouch
for their accuracy.
-- A total of 23.3 billion shares currently worth 174.9
billion yuan ($25.6 billion) are due to become freely tradable in
December as lock-up periods for institutional investors expire.
That [...]
China’s official media is recently reveling in eulogizing the government for the “successful experiences from 30 years of reform and opening up.” However, judging from what’s happening in the real estate market, stock market, financial and manufacturing sectors, many Chinese economists abroad believe China’s economy has fallen into a decline and will soon collapse, resulting [...]
If sales drop significantly this year it could have a major impact on the stock market because consumer spending accounts for more than two-thirds of the nation's economic activity.
Trading closed early today on Wall Street, but stocks extended their recent rally during the abbreviated session.
The Dow rose 102 points, the Nasdaq managed a [...]
LONDON (AP) — European stock markets closed higher Friday after the Dow Jones index of leading U.S. shares advanced for the fifth consecutive day in a shortened trading session. Asian markets were higher despite the terrorist attacks in Mumbai.
The FTSE 100 index of leading British shares closed up 61.91 points, or 1.5 percent, at [...]
Stocks managed to turn mostly higher on "Black Friday," the traditional
start of the U.S. holiday shopping season, with subdued prospects for retailers,
and an overall dire economic environment somewhat already factored in by
investors.
holiday, the market will close early at
1 p.m.
Eastern Time
.
"With the market [on track] for the fifth day of gains in [...]
The Director-General, Securities and Exchange Commission, Alhaji Musa Al-Faki, has absolved the commission of complicity in the current crisis facing the stock market.
Faulting those blaming the SEC for the development, he insisted that the commission was up and doing in the performance of its regulatory role for the nation’s economic growth.
In furtherance of [...]
NEW YORK (AP) — Wall Street showed some signs of stability Tuesday as investors, heartened by government plans to aid consumer lending companies, selectively bought more stocks following a huge two-day rally. Gains in blue chips gave the Dow Jones industrials and the Standard & Poor's 500 index their first triple-session advance in more than [...]
Except for historical information herein, some matters set forth in this
press release are forward-looking within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act of
1995, including statements about Oculus' future expectations, including
[...]
SAO PAULO, Nov 27 (Reuters) - Brazil's stocks crept higher
on Thursday in a volatile session, while the local currency
marched to a fourth straight day of gains in thin trading.
was up 0.09 percent at 36,503.3 points after seesawing
in and out of negative territory earlier in the session.
With U.S. markets closed for the Thanksgiving holiday,
trading [...]