Daniel's Feed
Nov 27, 2014
Nov 26, 2014
Nov 25, 2014
Nov 25, 2014

Stocks edge up worldwide, oil falls before OPEC talks

NEW YORK (Reuters) – Wall Street stocks pared gains on Tuesday after the lowest U.S. consumer confidence data since June took the wind out of a rally spurred by a surprising upward revision to U.S. third-quarter growth, dragging down the U.S. dollar in the process.

Oil prices fell more than $1 a barrel to near four-year lows after a meeting between OPEC members Saudi Arabia and Venezuela with non-OPEC producers Russia and Mexico resulted in no deal to curb output to counter a 30 percent slump in prices since June. OPEC meets in Vienna on Thursday.

Nov 25, 2014

World stocks mixed, U.S. undermined by weak consumer data

NEW YORK (Reuters) – A surprising upward revision in U.S. third-quarter economic growth set off an early rally on Wall Street on Tuesday only to see prices knocked back by the lowest U.S. consumer confidence data since June, dragging down the U.S. dollar in the process.

Earlier bets on more support from the European Central Bank and People’s Bank of China continued to help lift European shares to a two-month high and pushed the region’s bond yields to record lows. Chinese stocks rose to their highest since 2011.

Nov 24, 2014
Nov 24, 2014

Stocks gain on central bank stimulus signals, mergers

NEW YORK (Reuters) – U.S. stocks opened higher on Monday, extending a global equity rally in Asia and Europe fueled by merger activity and signals that central banks were willing to step further into the economic breach to support growth and inflation.

Share prices found support after a Reuters report that the People’s Bank of China was ready to further ease monetary policy to head of slowing inflation. This followed Friday’s interest rate cut by the country’s central bank.

Nov 21, 2014
Nov 21, 2014

Sweden needs investment to fight off deflation risk: PM

NEW YORK (Reuters) – Sweden, and the European Union too, need to follow the lead of the United States and ramp up investment to combat deflationary pressures carried over from the global financial crisis, the nation’s new prime minister said late on Thursday.

Prime Minister Stefan Lofven’s center-left Social Democrats were elected in September and are ruling in a minority coalition with the Green Party.

Nov 19, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
    • More from Daniel

    • Contact Daniel

    • Follow Daniel