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.
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.
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.
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.
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
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.
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.
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
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
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.
CHICAGO/NEW YORK (Reuters) – Shares of drugmaker Bristol-Myers Squibb Co (BMY.N: Quote, Profile, Research, Stock Buzz) rose to a ten-year high on Wednesday ahead of results of an early stage trial for its new melanoma treatment, with heavy betting in the options market suggesting investors see more gains in the stock.
Bristol-Myers rose 4.5 percent to $44.15 on its busiest day of trading since August, ahead of the release of the American Society of Clinical Oncology (ASCO) 2013 Annual Meeting abstracts Wednesday night. At one point the stock hit $45.59.
WASHINGTON (Reuters) – More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited.
They face a sobering checklist:
The U.S. economy remains shackled by a mountain of household debt and continues to whipsaw between periods of modest growth and next to none at all.