By Reuters Oil fell below $124 on Thursday as rising U.S. distillates stocks and Iran's reassurances that it would not cut crude exports added to a strengthening U.S. dollar to limit the upside.
May
16
The result of this, perhaps heartening to the astrology-averse, is that you don't really know which of Meridian's cruelly conditioned reflexes you're buying. For example, there is strong support in fi…
May
16
MANILA, Philippines — Shares are expected to open higher on Thursday, tracking Wall Street's gains after better-than-expected consumer price data and falling oil prices eased worries about inflation….
May
16
PHYSICAL GOLD BULLION prices rose sharply in London on Friday, gaining 1.1% to reach a three-week high of $894 per… May 16 2008 14:01PM BST
May
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The US Federal Reserve Bank is known for ambiguity and vagueness. The Bank of England, it appears, is not trying to emulate this approach. The Bank put an end to speculation about its near-term monetary policy by announcing that it does not plan to cut interest rates for at least two years. Apparently, inflation has breached the Bank’s 2% target, and its internal models are forecasting that it won’t be until 2010 that price inflation returns to a more palatable rate. This is bad news for the British economy, which is in the throes of an economic downturn precipitated by the housing crisis and would surely benefit from a loosening of monetary policy. By extension, the British Pound should also suffer a "correction," as a combination of inflation and lack of suitable investment opportunities will send investors rushing for the exits. The Financial Times reports:
Mr King contrasted his position – and its focus on controlling
inflation – with that of Ben Bernanke of the US Federal Reserve. “We
did not fall prey to the sirens to cut interest rates further as some
other central banks have done,’’ he said.
May
16
The result of this, perhaps heartening to the astrology-averse, is that you don't really know which of Meridian's cruelly conditioned reflexes you're buying. For example, there is strong support in fi…
May
16
June 10-year JGB futures fell as low as 134.70 before recovering to 134.93 2JGBv1, down 0.04 point on the day. On Wednesday, the lead contract tumbled nearly two full points at one point to a seven…
May
16
U.S. stocks rallied Wednesday as a tame U.S. inflation report eased worries that the Federal Reserve may soon raise interest rates to curb rising consumer prices, lifting investors' appetite for …
May
16
Madlen Read May 14, 2008 - 5:39 p.m. NEW YORK (AP) - Treasury prices traded mixed Wednesday, after investors briefly rallied on a report showing mild April inflation but then gave up gains as sto…
May
16
NEW YORK, May 14 (Reuters) - U.S. stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc (M.N: