Despite a positive start, US markets suffered another loss overnight, extending their slump into a second consecutive session. The growing disappointment with the third quarter earnings season overshadowed data showing a bigger-than-expected rise in September new home sales to a two-year high. Also weighing on sentiment was the latest Fed meeting in which Ben Bernanke [...]
US markets staged a last gasp rally overnight, overcoming all of their earlier falls as Apple shares surged 4% ahead of the likely release of its iPad mini. The euro climbed 0.2% to US$1.3056 after a local election in Spain allowed the Prime Minister’s party to hang onto power, easing tensions in the troubled eurozone [...]
US markets suffered a dramatic sell-off to round out last week, as a raft of disappointing profit results weighed heavily on sentiment. Blue-chip giants, General Electric, Microsoft, and McDonald’s ignited the panic selling on Wall Street after all three reported earnings that missed analyst estimates. It was the worst one day drop on the Street [...]
International markets extended their rally into a second session overnight as investors reacted positively to the latest economic data releases in the US. The Dow posted its biggest gain in a month after industrial production returned to growth in September, easing concerns over the state of the US manufacturing sector. The positive mood was helped [...]
International markets posted more losses in last week’s final trading session, as investors reacted negatively to a pair of disappointing profit results in the US. Wells Fargo and JP Morgan released third quarter earnings that fell shy of analyst estimates, sparking a sell-off in US banks that weighed on overall markets. There was little reaction [...]
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