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.
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.
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.
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.