U.S. Stocks Rally on Stimulus Signs as Energy Shares Jump

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.

Schlumberger Ltd., the largest oilfield-services provider, jumped 5.8 percent after reporting earnings and saying falling crude prices won’t have a significant impact on its business. Morgan Sta

What Yellen Needs to Learn From Sweden, Fast

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Forget the bigger-than-forecast drop in U.S. retail sales, the surprising tumble in U.K. inflation to a five-year low, and the slide in German investor confidence.

For central banks around the world, the most informative piece of economic data released anywhere this week was the news that Swedish consumer prices fell 0.4 percent in September from a year earlier.

The seventh monthly decline

UN asks $1 billion for Ebola, gets $100,000

Posted by Forexsq 5 days ago (http://money.cnn.com)
img An alarmed United Nations Secretary General Ban Ki-moon in late September asked nations around the world to quickly help raise $1 billion to fight the deadly virus Ebola.

As of Friday, only $100,000 has come in -- from Colombia.

Other countries have pledged a total of $20 million for the fast-track fund that Ban set up.

"We need to turn pledges into action," Ban told reporters. "We need

Why markets ignore good news from U.S. to focus on bad news from Europe | Top Forex Brokers

Posted by Forexsq 5 days ago (http://www.topforexbrokers.com)
img What’s spooking the markets? One thing we can say for sure is that it is not the slightly weaker-than-expected retail sales that triggered the mayhem on Wall Street on Wednesday... moreShare it now!

U.S. consumer sentiment at highest since July 2007

Posted by Forexsq 5 days ago (http://www.reuters.com)
img U.S. consumer sentiment rose in October to the highest in more than seven years, boosted by views on personal finances and the national economy, a survey released on Friday showed.

The Thomson Reuters/University of Michigan preliminary October reading on the overall index on consumer sentiment came in at 86.4, the highest since July 2007. The gains were unexpected, as a Reuters survey showed a

U.S. housing recovery rolls on as groundbreaking rises

Posted by Forexsq 5 days ago (http://www.reuters.com)
img U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.

Groundbreaking rose 6.3 percent to an annual 1.02 million-unit pace, the Commerce Department said on Friday.

Economists polled by Reuters had forecast a slightly smaller gain.

Housing is clawing back after it imploded during th

Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Applications for unemployment benefits in the U.S. unexpectedly dropped last week to their lowest level in 14 years as employers avoided trimming staff even as global growth weakens.

Jobless claims decreased by 23,000 to 264,000 in the week ended Oct. 11, the fewest since April 2000 and lower than any projection in the Bloomberg survey of economists, a Labor Department report showed today in W

Bullard Says Fed Should Consider Delay in Ending QE

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img The Federal Reserve should consider delaying the end of its bond purchase program to halt a decline in inflation expectations, said St. Louis Federal Reserve Bank President James Bullard.

Speaking in an interview today with Bloomberg News in Washington, Bullard said U.S. economic fundamentals remain strong, and he blamed recent financial-market turmoil on downgrades in the outlook for Europe.

What to expect from Goldman Sachs’ earnings

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img Wall Street icon Goldman Sachs Group Inc. is scheduled to report third-quarter results on Thursday, before the opening bell.

Analysts are expecting a strong performance from Goldman’s GS, -1.73% investment banking business, given the improving economic and capital markets environment. A pick-up in trading revenue is also anticipated, with improvement in the fixed income, currency and commodit

Yen rises against rivals as risk aversion sets in

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img Investors flocked to the yen and unloaded dollars, euros and the commodity currencies — the Australian dollar, Canadian dollar and New Zealand dollar — as a broad equity selloff gripped the markets.

Wider signs of global unrest manifested in a surge in Italian, Spanish and Portuguese sovereign bond yields on Thursday, also helping to boost the yen as investors rushed into risk-averse positions

Bullard’s surprising suggestion to continue QE lifts markets

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img A comment from a hawkish Federal Reserve official on Thursday that bond buying should continue beyond its scheduled end lifted stock markets and surprised many observers.

The Federal Reserve should consider extending its bond-buying program beyond October due to the market sell-off to see how the U.S. economic outlook evolves, said James Bullard, the president of the St. Louis Fed, on Thursday

Euro Slides on Periphery Bonds’ Slump | Top Forex Brokers

Posted by Forexsq 6 days ago (http://www.topforexbrokers.com)
img The euro tumbled as a rout in bonds from the region’s periphery boosted bets the European Central Bank will expand stimulus that tends to lower exchange rates in order to... moreShare it now!

Goldman's focus on bond trading pays off as profit soars

Posted by Forexsq 6 days ago (http://www.reuters.com)
img Goldman Sachs Group Inc (GS.N) reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards.

Goldman's fixed-income, currency and commodities (FICC) business, which once contributed about 40 percent of its revenue, has been on a declining tre

Bank of Russia raises ruble trading band again

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img The Bank of Russia continued adjusting the ruble trading band, letting the ruble weaken gradually to new all-time lows, the bank's data showed Thursday.

The central bank said it pushed the ruble's trading band 25 kopecks higher to 36.95-45.95 rubles per euro-dollar basket on Wednesday.

The central bank said it sold $2.286 billion on Tuesday to slow the ruble's slide. Since the beginning of

Wild markets: Dow briefly tumbles below 16,000

Posted by Forexsq 6 days ago (http://money.cnn.com)
img How low will the stock market go? That's what everyone wants to know.

Stocks suffered another drop Thursday morning as concerns about the global economy continue to cause investors to dump risky assets. The Dow plummeted about 200 points and briefly tumbled below the 16,000 level before rebounding a bit.

It's another "yo-yo" day. In a mere hour of trading, there have already been wild swing
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