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Jan 11, 2013

Bond investors should prepare now for higher rates-Fuss

NEW YORK, Jan 11 (Reuters) – An extended period of rising
interest rates is on the horizon and bond investors should
adjust their portfolios while they can, bond market veteran Dan
Fuss said on Friday.

“I’ve been saying for a long time that we are in the
foothills of a rise in interest rates,” said Fuss, vice chairman
of Loomis Sayles & Co, with $182 billion in assets. “But I’d go
a step further and say there’s been a gentle rise in the
foothills.”

Jan 4, 2013

U.S. activity picks up, hopes for euro zone rise

NEW YORK/LONDON (Reuters) – Business activity in the United States perked up in the final month of 2012, surveys showed on Friday, while hopes grew that Europe may be through the worst of its economic slump.

Britain’s vast services sector, however, contracted for the first time in two years, suggesting the broader economy probably shrank as well in the final three months of 2012.

Jan 3, 2013

Private sector adds 215,000 jobs in December: ADP

NEW YORK (Reuters) – Private-sector employers added more new jobs than expected last month even as a possible budget crisis loomed, helping the job market end 2012 on a high note, a report by a payrolls processor showed on Thursday.

The ADP National Employment Report showed the private sector added 215,000 jobs last month, comfortably above economists’ expectation of a 133,000 gain. The report is jointly developed with Moody’s Analytics.

Dec 31, 2012

Equities rally as US ‘cliff’ deal nears; oil up

NEW YORK, Dec 31 (Reuters) – Wall Street rallied on Monday
and global equities finished their best year in the last three
as U.S. lawmakers closed in on a deal to avoid a budget crisis
that many fear could cripple the world economy in 2013.

U.S. President Barack Obama said Congress was close to an
agreement that would start chipping away at the deficit without
raising middle-class taxes.

Dec 31, 2012

Global shares up on hopes U.S. to avoid ‘fiscal cliff’

NEW YORK (Reuters) – Wall Street rallied on Monday and global equities headed for their best year in the last three as U.S. lawmakers closed in on a deal to avoid a budget crisis that many fear could cripple the world economy in 2013.

U.S. President Barack Obama said Congress was close to an agreement that would start chipping away at the deficit without raising middle class taxes.

Dec 31, 2012

Shares up on hopes US to avoid fiscal cliff

NEW YORK, Dec 31 (Reuters) – U.S. stocks rose on Monday and
global equities headed for their best year in the last three as
U.S. lawmakers neared a deal to avoid a budget crisis that many
fear could cripple the world economy in 2013.

A tentative deal that would raise taxes on those earning
more than $400,000, extend middle class tax cuts and postpone
some defense spending cuts was expected to garner support of a
majority of Senate Republicans.

Dec 31, 2012

Shares steady as US totters on fiscal cliff

NEW YORK/LONDON, Dec 31 (Reuters) – U.S. stocks edged up on
Monday and global equities prepared to wrap up a strong year as
U.S. lawmakers held last-minute talks to avoid a budget crisis
that many fear could cripple the world economy in 2013.

Traders still at their desks on the last day of the year
were focused on talks in Washington, where politicians were
trying to agree on a deal that would prevent $600 billion of tax
increases and spending cuts from taking effect in January.

Dec 31, 2012

Outlook: Skittish investors may be ready for more risk in 2013

NEW YORK (Reuters) – The investment landscape won’t be much different in 2013 than it has been this year, but the investors might be.

After spending most of 2012 in a defensive crouch, cowed by past crises and on guard against any future ones, more investors seem willing to take risks in 2013 in hopes of a greater reward, money managers say.

Dec 30, 2012

Skittish investors may be ready for more risk in 2013

NEW YORK, Dec 30 (Reuters) – The investment landscape won’t
be much different in 2013 than it has been this year, but the
investors might be.

After spending most of 2012 in a defensive crouch, cowed by
past crises and on guard against any future ones, more investors
seem willing to take risks in 2013 in hopes of a greater reward,
money managers say.

Dec 21, 2012

Wall St clings to hopes for budget deal, but market risks rising

NEW YORK (Reuters) – If the United States sails over the fiscal cliff in less than two weeks, it probably will not mean disaster for the stock market, investors said on Friday, but the margin for error is getting dangerously thin.

At heart are fears over how long the U.S. economy, the world’s largest, can hold up under the brunt of higher taxes and big spending cuts that would be triggered by the fiscal cliff.