Just how sick are European banks? We find out Sunday

Posted by Forexsq 2 days ago (http://money.cnn.com)
img Europe's economy is looking frail again, but is it at risk of cardiac arrest?

The banks at the heart of the eurozone economy are about to find out whether regulators will give them a clean bill of health, or send them back to the emergency room.

European officials have just completed an extensive health check on the region's top 130 banks and are due to reveal the results Sunday.

The who

Gold Rises From 1-Week Low as Investors Assess Economy

Posted by Forexsq 1 day 4 hours ago (http://www.bloomberg.com)
img Gold rose from the lowest in a week as the dollar declined, boosting demand for the precious metal as an alternative investment.

The dollar dropped for the first time in four days against a basket of currencies as an Ebola diagnosis in New York crimped risk appetite. Gold slumped 8.4 percent last quarter as the greenback posted the biggest jump since 2008 and equities surged to a record. Globa

U.S. jobless claims data point to firming labor market

Posted by Forexsq 2 days ago (http://www.reuters.com)
img The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the Labor Department said on Thursday.

That followed three straight weeks of declines, which had pushe

ECB Set to Fail 25 Banks in Review, Draft Document Shows

Posted by Forexsq 1 day 4 hours ago (http://www.bloomberg.com)
img Twenty-five lenders in the European Central Bank’s euro-area bank health check are set to fail the regulator’s Comprehensive Assessment, according to a draft communique of the final results, seen by Bloomberg News.

One-hundred-and-five banks are shown passing the review, according to the draft statement. Of the lenders that failed, about 10 will still face capital shortfalls they need to plug,

Wall Street rallies on Caterpillar, 3M results

Posted by Forexsq 2 days ago (http://www.reuters.com)
img U.S. stocks jumped 1 percent on Thursday as a number of strong results, including from a pair of Dow components, reassured investors that corporations continued to fare well despite concerns about global economic growth.

Shares of both Caterpillar Inc (CAT.N) and 3M Co (MMM.N) rose following their results, with heavy machinery maker Caterpillar also raising its full-year profit view. Caterpill

U.S. Stocks Extend Rally on Earnings; Dollar Declines

Posted by Forexsq 1 day 4 hours ago (http://www.bloomberg.com)
img The Standard & Poor’s 500 Index extended its best weekly rally since January 2013 amid better-than-estimated corporate results. The dollar weakened after a doctor in New York tested positive for Ebola and oil sank.

The S&P 500 gained 0.3 percent at 11:36 a.m. in New York, extending its gain this week to 3.7 percent. The Stoxx Europe 600 Index lost 0.3 percent. Brazil’s Ibovespa Index surged 3.

Dollar Rises 6th Day Versus Yen After Jobless Claims | Top Forex Brokers

Posted by Forexsq 2 days ago (http://www.topforexbrokers.com)
img The dollar extended its rally against the yen to six days, the longest since August, as the four-week average of U.S. jobless claims dropped to the lowest in 14 years... moreShare it now!

Amazon CEO Bezos Faces Season of Worsts as Losses Mount

Posted by Forexsq 1 day 4 hours ago (http://www.bloomberg.com)
img For Amazon.com 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

U.S. factory activity growth slips in October: Markit

Posted by Forexsq 2 days ago (http://www.reuters.com)
img The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.

Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index fell to 56.2 from September's final reading of 57.5. Economists polled by Reuters had expected it to

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

Posted by Forexsq 1 day 4 hours ago (http://www.bloomberg.com)
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

Stocks Rally After 3M, Caterpillar Profits Beat Estimates

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
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

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

Posted by Forexsq 1 day 4 hours ago (http://www.marketwatch.com)
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%.

The smartest way to decouple from global growth scares right now

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
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

Why one economist says no recession until at least 2016

Posted by Forexsq 1 day 4 hours ago (http://www.marketwatch.com)
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

Gold sinks as investors embrace risk

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
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

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