Stocks rise in early trading after two-week slide; investors await data on service industryOctober 5th, 2009 Stocks advance ahead of service industry dataNEW YORK — Stocks rose early Monday after a two-week slide in the market and as traders prepared for a report on the service industry. Investors are looking to the report on the services industry for any sign of an economic recovery.
Stock futures point to modestly higher open ahead of unemployment, housing dataSeptember 17th, 2009 Stocks poised for modest gains at openNEW YORK — Stock futures are rising modestly Thursday as investors look to continue the market's latest leg of the rally. Major indexes have steadily risen throughout the week on signs the economy is recovering and exiting a long-running recession.
China home prices rise in July for 2nd month; up 1 percent amid stimulus spendingAugust 10th, 2009 China home prices rise 1 pct in July amid stimulusBEIJING —Housing prices in China rose for a second month in July, adding to signs Beijing's massive stimulus spending is helping to boost economic activity, according to data reported Monday. Prices in July were up 1 percent from a year earlier and 0.9 percent over June, when prices started to rise after six-month slide, according to the Cabinet's National Development and Reform Commission and the National Bureau of Statistics.
Treasurys extend slide to second day as mix of economic reports signal economy is healingAugust 4th, 2009 Mostly upbeat economic data weigh on TreasurysNEW YORK — Treasury prices gave up early gains Tuesday and closed lower for a second day as investors again funneled money into stocks. Demand for the safety of government debt fell as investors digested a report saying that consumers spent more in June for the second straight month even as their income fell sharply.
Oil prices rise with new signs economy may be on the reboundJuly 27th, 2009 Oil prices edge higherCOLUMBUS, Ohio — Oil prices on Monday continued their two-week rally after fresh data showed the economy may be improving, leading to more demand for crude. Benchmark crude for September delivery rose 9 cents to $68.14 a barrel on the New York Mercantile Exchange.
Oil prices rise over better housing dataJuly 23rd, 2009 NEW YORK - The oil prices ended above $67 a barrel Thursday after data showed existing home sales jumped for the third straight month in June. Light, sweet crude for September delivery rose $1.76, or 2.7 percent, to settle at $67.16 a barrel on the New York Mercantile Exchange.
Treasurys fall on better-than-expected housing data; Stocks hold week's gainsJuly 17th, 2009 Treasurys slide on upbeat housing dataNEW YORK — Treasury prices fell Friday as the stock market held onto big gains from the week and as investors examined upbeat data on housing. Demand for the safety of government debt ebbed after rising Thursday as the Dow Jones industrials and the Standard & Poor's 500 index posted their best weekly performance since the week ending March 13, when the stock market's spring surge began.
China's economic growth accelerates in Q2 as stimulus fuels factory output, consumer spendingJuly 16th, 2009 China's growth accelerates to 7.9 percent in Q2BEIJING — China's economic growth accelerated to 7.9 percent from a year earlier in the second quarter amid a stimulus-fueled surge in consumer spending, factory output and investment, the government reported Thursday. The growth rate for the world's third-largest economy was up from the previous quarter's 6.1 percent, the National Bureau of Statistics reported.
State news agency says China's June exports fell 21.4 percent from a year earlierJuly 10th, 2009 China's June exports down 21.4 percentBEIJING — China's exports and imports fell again in June but declines were less severe than in May, data showed Friday, adding to signs the world's third-largest economy is recovering from its slump. Exports fell 21.4 percent in June from a year earlier, the government's Xinhua News Agency reported, citing the Chinese customs agency.
German exports fall 25 percent in May, while June consumer price index rises 0.1 percentJuly 9th, 2009 German exports fall 25 percent in May; June CPI upFRANKFURT — German exports fell sharply in May as the global recession cut into demand, while consumer prices in June inched up somewhat, the Federal Statistical Office said Thursday. The Wiesbaden-based office said exports from Europe's largest exporter declined by a quarter in May, while imports dropped 23 percent compared with May 2008.
Slide in commodity prices accelerates as doubts about economic recovery growJuly 8th, 2009 Commodities slide on doubts about economic reboundNEW YORK — Metals and energy prices are extending their losses amid growing anxiety about the potential for a quick and robust economic recovery. Investors are moving out of risky assets like commodities and stocks and seeking shelter in traditionally safe-haven investments such as the dollar and Treasurys.
Stocks point higher ahead of data on home construction, inflation, industrial productionJune 16th, 2009 Stock futures point higher ahead of economic dataNEW YORK — Investors remain cautious as they await reports on housing and inflation a day after a stock market slide. Stock futures are moderately higher Tuesday after major market indexes fell sharply Monday.
Stocks point higher as data on home construction, inflation ease worries about economyJune 16th, 2009 Stocks point higher on housing, inflation dataNEW YORK — Investors remain cautious but are finding some room for optimism a day after a stock market slide. Better-than-expected data on home construction, building permits and inflation are easing some of the fears that have dogged investors in recent weeks about the speed of a recovery in the economy.
Eurozone set to slide into deflationMay 28th, 2009 BRUSSELS - Belgium Thursday joined Germany, Portugal, Ireland and Spain in posting a drop in consumer prices, highlighting concerns that the 16-member eurozone may soon slide into deflation as a result of the global recession. Belgian consumer prices fell in May from April, by 0.37 percent, for the first time since December 1960.
Falling dollar helps push gold prices higher; positive economic data boosts oil, other metalsMay 4th, 2009 Gold prices rebound as dollar slipsNEW YORK — Gold prices rebounded Monday, moving higher as the dollar slipped against other currencies. The dollar was lower against the British pound and the euro on Monday as demand for the safety of the U.S.