Stocks Rally After 3M, Caterpillar Profits Beat Estimates

Posted by Forexsq 2 days ago (
img U.S. stocks jumped, recovering from yesterday’s retreat, as earnings from Caterpillar (CAT) Inc. to 3M Co. exceeded analysts’ estimates and data signaled stronger growth in the European economy.

Caterpillar, the largest construction equipment maker, added 4.4 percent after raising its full-year earnings forecast amid higher sales of construction machinery in North America. 3M Co. climbed 5.5 p

Amazon CEO Bezos Faces Season of Worsts as Losses Mount

Posted by Forexsq 1 day 14 hours ago (
img For Inc. (AMZN) Chief Executive Officer Jeff Bezos, it’s turning into a season of worsts.

As Amazon heads into the lucrative end-of-year shopping period, the company yesterday posted its biggest quarterly net loss since at least 2003, according to data compiled by Bloomberg. It also forecast sales and profit for the fourth quarter that missed analysts’ projections. That puts Amazon

The smartest way to decouple from global growth scares right now

Posted by Forexsq 2 days ago (
img I’ll invest more when there’s more uncertainty in the economy. I’ll buy hand over fist the next time the market crashes. Don’t worry, I can ignore the noise.

What’s that quote? Oh, just one of the lies investors tell themselves. Ben Carlson, blogger at Wealth of Common Sense, who put together a brilliant list of those fibs, says this is a coping mechanism that investors use to try to get a gri

Deutsche Bank Said to Have Passed ECB Stress Test

Posted by Forexsq 1 day 14 hours ago (
img Deutsche Bank AG (DBK), Germany’s biggest bank, will pass the European Central Bank’s stress tests, according to a person with knowledge of the matter.

The bank’s common equity Tier 1 ratio, a key measure of financial strength, will be shown to stand at about 8.8 percent under the ECB’s most severe stress-test scenario and at about 12.6 percent in the baseline scenario, said the person, who as

Gold sinks as investors embrace risk

Posted by Forexsq 2 days ago (
img Gold futures fell Thursday, undercut as upbeat economic data and favorable corporate earnings results propelled stocks higher, signaling renewed investor appetite for risk and undercutting demand for so-called safe-haven assets like gold

Pound Halts Three-Day Drop as U.K. Growth Meets Estimates

Posted by Forexsq 1 day 14 hours ago (
img The pound rose, halting a three-day drop versus the dollar amid speculation concern the U.K. economy is slowing was overdone after a report showed it grew in line with analysts’ forecasts in the third quarter.

Sterling posted its first weekly advance versus the euro since September. Gross domestic product rose 0.7 percent in the three months through September, the Office for National Statistic

U.S. Mortgage Rates Fall With 30-Year at 3.92%

Posted by Forexsq 2 days ago (
img Mortgage rates in the U.S. declined, remaining at a 16-month low as more affordable borrowing costs fuel an increase in refinancing.

The average rate for a 30-year fixed mortgage was 3.92 percent, down from 3.97 percent last week, Freddie Mac said in a statement today. The average 15-year rate dropped to 3.08 percent from 3.18 percent, the McLean, Virginia-based mortgage-finance company said.

Pound rises against the dollar after U.K. GDP data

Posted by Forexsq 1 day 13 hours ago (
img The pound-dollar pair staged a modest rally on Friday after reports that U.K. economic growth slowed modestly in the third quarter, in line with economists’ expectations.

U.K. gross-domestic-product growth slowed to 0.7% in the third quarter down from 0.9% in the previous quarter, according to the Office for National Statistics. Economists had expected growth of 0.7%.

Oil Producers Cramming Wells in Risky Push to Extend Boom

Posted by Forexsq 2 days ago (
img U.S. shale producers are cramming more wells into the juiciest spots of their oilfields in a move that may help keep the drilling boom going as prices plunge.

The technique known as downspacing aims to pull more oil at less cost from each field, allowing companies to boost profit, attract more investment and arrange needed loans to continue drilling. Energy companies see closely-packed wells a

Why one economist says no recession until at least 2016

Posted by Forexsq 1 day 13 hours ago (
img It’s going to take a little bit more than Ebola, eurozone pessimism and a rising U.S. dollar to turn David Rosenberg into a bear.

The chief economist and strategist at Gluskin Sheff, in his economic commentary, points out the leading economic indicator released Thursday showed a 0.8% monthly advance and a 6.3% year-over-year gain in September.

This rate, he says, is consistent with annual r

Shale Boom’s Allure to Wall Street Tested by Bear Market

Posted by Forexsq 2 days ago (
img Falling oil prices are testing investors’ commitment to the Wall Street-funded shale boom.

Energy stocks led the plunge earlier this month in U.S. equities and the cost of borrowing rose. The Energy Select Sector Index is down 14 percent since the end of August, compared with 3.8 percent for the Standard & Poor’s 500 Index. The yield for 190 bonds issued by U.S. shale companies increased by an

EUR/USD Managed To Break 1.2700 | Top Forex Brokers

Posted by Forexsq 1 day 14 hours ago (
img The euro rallied even as a draft report indicated 25 euro-area banks are set to fail a European Central Bank stress test The single currency keeps pushing higher at the... moreShare it now!

Dollar Pares Gain Before Fed on New York Ebola Case

Posted by Forexsq 1 day 14 hours ago (
img The dollar pared its first weekly gain in three weeks against a basket of peers as an Ebola diagnosis in New York crimped risk appetite before the Federal Reserve meets on policy.

The yen halted a six-day drop against the dollar after a doctor tested positive for the disease in the most populous U.S. city, boosting haven demand. The Bloomberg Dollar Spot Index slipped from almost its highest i

Consumer Prices in U.S. Rise 0.1% as Inflation Remains Muted

Posted by Forexsq 3 days ago (
img The cost of living in the U.S. barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunge this month.

The consumer-price index climbed 0.1 percent after decreasing 0.2 percent in August, a Labor Department report showed today in Washington. The median forecast of 84 economists surveyed by Bloomberg called for no change. Excluding volatile food and fuel,

U.S. new home sales at six-year high; recovery still fragile

Posted by Forexsq 1 day 14 hours ago (
img Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.

The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. August's sales rate was revised down to 466,000 units

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