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Jun 11, 2013

Shares hit by stimulus fears; yen soars on BOJ inaction

NEW YORK, June 11 (Reuters) – Investors sold stocks and
commodities worldwide on Tuesday, unnerved by fears that major
central banks are cooling in their commitment to pump money into
the economy to spur recovery.

The decline was triggered in Tokyo when the Bank of Japan
elected not to take fresh measures to tackle rising government
bond yields that threaten to thwart its $1.4 trillion stimulus
program.

Jun 11, 2013

Shares slump on central bank fears; yen soars

NEW YORK, June 11 (Reuters) – Investors sold stocks and
commodities worldwide on Tuesday, unnerved by fears that major
central banks are cooling in their commitment to pump money into
the economy to spur recovery.

The decline was initially triggered in Tokyo when the Bank
of Japan elected not to take fresh measures to tackle rising
government bond yields that threaten to thwart its $1.4 trillion
stimulus program.

Jun 11, 2013

Central bank fears hit shares, commodities; yen soars

NEW YORK, June 11 (Reuters) – Investors sold off stocks and
commodities worldwide on Tuesday, unnerved by fears that major
central banks are cooling in their commitment to pumping money
into the economy to spur recovery.

But Wall Street stocks were well off their lows by midday as
investors took earlier dips in the market as a chance to buy.

Jun 11, 2013

Central bank fears trigger global selloff

NEW YORK (Reuters) – World equity markets, the dollar, bond prices and commodities slumped on Tuesday in a full-scale retreat by investors unnerved by fears that major central banks are cooling in their commitment to the money-pumping that has buoyed markets.

The decline was initially triggered in Tokyo when the Bank of Japan elected not to take any fresh measures to tackle rising government bond yields that threaten to thwart its $1.4 trillion stimulus program.

Jun 10, 2013

S&P revises U.S. credit outlook to ‘stable’ from negative

NEW YORK (Reuters) – Standard & Poor’s on Monday removed the near-term threat of another credit rating downgrade for the U.S. credit by revising its outlook to stable from negative, citing an improved economic and fiscal outlook.

The change effectively means there is less than a one-third chance of a downgrade in the next two years.

Jun 10, 2013

S&P revises U.S. credit outlook to ‘stable’

NEW YORK, June 10 (Reuters) – Credit rating agency Standard
& Poor’s on Monday upgraded its credit outlook for the United
States government to stable” from “negative,” reducing the
threat of a further downgrade to the country’s sovereign rating.

S&P said the chances of a ratings downgrade is now “less
than one in three” as improvements in tax receipts and economic
performance are helping to bring down the country’s debt levels.

Jun 6, 2013

Dollar plunges in broad selloff, stocks rebound

NEW YORK, June 6 (Reuters) – The dollar slid against the
euro and yen on Thursday as investors reduced heavy bets on the
greenback on concerns that Friday’s U.S. jobs report will
disappoint.

Wall Street rebounded after an early afternoon swoon that
saw U.S. equities slip in tandem with the dramatic moves in
currency markets. The S&P 500 fell through its 50-day
moving average, but shares rebounded as buyers returned.

Jun 6, 2013

Dollar plunges in broad selloff, global stocks fall

NEW YORK (Reuters) – The dollar slumped against the euro and yen and stocks fell on Thursday as investors turned defensive ahead of growing worry that Friday’s U.S. jobs report will disappoint.

Wall Street slipped, extending losses after a 1.9 percent drop in the previous two days, as the S&P 500 .SPX fell through its 50-day moving average, an indicator of a weakening trend.

Jun 6, 2013

Dollar plunges in broad selloff, stocks fall

NEW YORK, June 6 (Reuters) – The dollar slumped against the
euro and yen and stocks fell on Thursday as investors turned
defensive ahead of growing worry that Friday’s U.S. jobs report
will disappoint.

Wall Street slipped, extending losses after a 1.9 percent
drop in the previous two days, as the S&P 500 fell
through its 50-day moving average, an indicator of a weakening
trend.

Jun 6, 2013

Euro gains as ECB holds rates; shares edge lower

NEW YORK/LONDON (Reuters) – The euro rose to a four-week high against the dollar on Thursday and global bond yields rose after the European Central Bank left interest rates unchanged and ECB President Mario Draghi said further monetary support was not likely in the near future.

Wall Street traded flat to slightly higher in early trading after a 1.9 percent drop in the previous two days, which was the S&P 500′s .INX worst two-day slide in more than a month. Uncertainty over the U.S. Federal Reserve’s next move has kept markets on edge.

    • About David

      "David Gaffen oversees the stocks team, having joined Reuters in May 2009. He spent four years at the Wall Street Journal, where he was the original writer of the web site's MarketBeat blog. He has appeared on Fox Business, CNN International, NPR, and assorted other media and is the author of the forthcoming book "Never Buy Another Stock Again.""
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