Wall St. rises at open but data curbs gains

Posted by Forexsq 3 days ago (http://www.reuters.com)
img U.S. stocks rose at the open on Tuesday, but weaker-than-expected data checked gains as the Federal Reserve prepared to begin a two-day meeting on monetary policy.

The Dow Jones industrial average .DJI rose 52.21 points, or 0.31 percent, to 16,870.15, the S&P 500 .SPX gained 6.25 points, or 0.32 percent, to 1,967.88 and the Nasdaq Composite .IXIC added 20.34 points, or 0.45 percent, to 4,506.2

U.S. business spending weakens despite upbeat sentiment

Posted by Forexsq 3 days ago (http://www.reuters.com)
img A key gauge of capital goods orders by U.S. businesses recorded its biggest drop in eight months in September, but the surprise decline was likely to be temporary as business sentiment has been upbeat in recent months.

The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 1.7 percent last month.

Stocks Pare Losses on ECB Stimulus as Oil Producers Slump

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img U.S. stocks fell, paring gains from last week’s rally that was the biggest since January 2013, led by energy and commodity producers as Brazil’s election reduced speculation for a change in policies and Goldman Sachs Group Inc. cuts its oil forecast.

Newfield Exploration (NFX) Co. and Nabors Industries Ltd. fell at least 6 percent. Merck & Co. slid 1.3 percent after cutting the top end of its

S&P 500 Rising at Five Times GDP Shows Recovery Priced In

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img For almost six years, one of the most powerful bull markets on record has coexisted with the weakest economic recovery since World War II. This month’s selloff in stocks shows how much investors want that to change.

In the latest fit of nerves, market volatility soared to a three-year high and the Standard & Poor’s 500 Index dropped as much as 9.8 percent in the 26 days ending Oct. 15. Everyth

Ruble slides to all-time low against dollar and euro

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img The ruble continued to slide on Tuesday, hitting another record low against the dollar and euro. The Russian currency USDRUB, +0.48% traded at 42.4084 to the dollar, setting it on track for the weakest level ever against the greenback, according to FactSet data. The ruble also depreciated against the euro EUR.RUB, +0.88% trading at 53.9897, which is an all-time low for the ruble too. The currency

Yen Climbs on Haven Demand After German Data; Real Falls

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img The yen advanced against most of its major counterparts as lower stocks in Europe and a report showing Germany’s economic slowdown is worsening boosted demand for the Japanese currency as a haven.

The yen climbed from the lowest level versus the dollar in more than two weeks. The euro rose against the U.S. currency as results of European Central Bank stress tests eased concern that balance she

Dollar falls against yen ahead of central bank meetings

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img The dollar slipped against the Japanese yen Monday ahead of crucial policy meetings of the Federal Open Market Committee and the Bank of Japan.

The FOMC is slated to meet Tuesday and Wednesday, when it is widely expected to announce the end of its bond-buying stimulus program. The BOJ meets on Friday.

‚ÄúInvestors will likely sit on sidelines ahead of a slew of incentives‚ÄĚ that have the poten

Boy, 5, being observed in NYC hospital for Ebola

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img A 5-year-old boy from Guinea is being observed in isolation at Bellevue Hospital in New York City, according to several media reports. The boy has not been tested for the virus and was not under quarantine, ABC reports, but had a 103 degree Fahrenheit fever and was vomiting, according to the New York Post. The New York City Health Department did not immediately respond to requests for comment or

Oil prices tumble; Goldman slashes forecast

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img Oil futures fell sharply on Monday, after Goldman Sachs slashed its forecast for prices, predicting West Texas Intermediate crude will prices will spend the better part of 2015 at $75 a barrel.

U.S. pending home sales gain misses expectations in September

Posted by Forexsq 4 days ago (http://www.reuters.com)
img Contracts to buy previously owned U.S. homes rebounded less than expected in September, pointing to a gradual housing market recovery.

The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, gained 0.3 percent to 105.0 after falling 1.0 percent in August.

Economist polled by Reuters had forecast pending home sales rising 0.5 pe

Fed set to finally get out of the market

Posted by Forexsq 4 days ago (http://money.cnn.com)
img Even in this bull market, all good things must come to an end.

The Federal Reserve is expected to close a chapter in history this week and announce the conclusion of its massive stimulus program. Known as quantitative easing, the program is widely credited with driving investors back into stocks in the aftermath of the financial crisis.

"I think to some extent quantitative easing has provid

Energy shares drag on Wall Street as crude prices fall

Posted by Forexsq 4 days ago (http://www.reuters.com)
img Energy shares dragged Wall Street lower on Monday as crude prices fell further, while readings on the services sector and home sales came in below forecasts.

Brent crude oil LCOc1 fell below $85 a barrel and U.S. crude CLc1 dipped below $80 after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand. The S&P 500 energy sector .SPNY was down 2.6 percent, the la

Fed will hold market’s hand as it ends QE3

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img The Federal Reserve will go out of its way this week to send soothing signals to investors already unnerved by recent market volatility and worries about the global economy.

There are no press conferences or updated economic forecasts after the U.S. central bank’s two-day meeting Tuesday and Wednesday and markets will be left to look for signals from the Fed’s policy statement, which will be r

ECB List of Failing Banks Shrinks If You Read Small Print | Top Forex Brokers

Posted by Forexsq 4 days ago (http://www.topforexbrokers.com)
img Most of the lenders that failed the European Central Bank’s balance-sheet test have been let off for good behavior. Only eight banks haven’t already plugged capital gaps or satisfied the... moreShare it now!

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

Posted by Forexsq 7 days 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
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