U.S. stock futures on Friday pointed to a weaker start, hurt in part by Dell's worse-than-forecast profit drop as traders moved toward safer securities like bonds. See Indications.
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Asian markets ended mostly lower Friday as technology shares sagged after their U.S. peers took a beating, while an overnight pullback in commodity prices weighed down resource stocks.
Having briefly scanned the dataflow Friday before checking out the price action, your writer had thought he may be confronted with somewhat softer markets. Wrong. Rather, a combination of slightly weaker than expected GDP growth in Europe and a wider trade deficit and decline in consumer confidence in the US seems to have been trumped by a decent earnings report from Walt Disney and upped Christmas guidance from JC Penney. Indeed, in the US consumer cyclicals led the way with a 1.5% gain, versus a 0.6% gain for the S&P 500. Commodity markets were mixed.[More...]
U.S. President Barack Obama has begun a nine-day tour of Asia at a time when the U.S. economy is struggling to emerge from a deep recession. But nothing looms bigger than China, the largest holder of U.S. debt (around $797.1 billion, up 10% this year), has emerged from the global economic downturn in an ever stronger position. When Obama sets foot in China for the first time, he will confront a dramatically altered balance of power between the two nations.[More...]
U.S. President Barack Obama has begun a nine-day tour of Asia at a time when the U.S. economy is struggling to emerge from a deep recession. But nothing looms bigger than China, the largest holder of U.S. debt (around $797.1 billion, up 10% this year), has emerged from the global economic downturn ...
Companies featured in this segment: AMEC plc (LSE:AMEC), Packaging Corporation of America (NYSE:PKG), BHP Billiton Limited (NYSE:BHP), Rio Tinto plc (NYSE:RTP), Vale SA (NYSE:VALE), ArcelorMittal (NYSE:MT), ThyssenKrupp AG, Adani Power Limited (BSE:533096), Lanco Infratech Power Projects Limited (BSE:532778), Tata Power Company Limited (BSE:500400), Reliance Power Limited (BSE:532939), Vedanta Resources (LSE:VED), Praxair Incorporated (NYSE:PX)
Companies featured in this segment: Rio Tinto plc (NYSE:RTP), Baoshan Iron and Steel Company Limited (SHA:600019), BHP Billiton (NYSE:BHP), Vale S.A. (NYSE:VALE), Siemens AG (NYSE:SI)
Companies featured in this segment: Valero Energy (NYSE:VLO), Marathon Oil (NYSE:MRO), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Jacobs Engineering Group (NYSE:JEC), Fluor Corporation (NYSE:FLR), Areva SA (EPA:CEI), El Paso Corporation (NYSE:EP), Rio Tinto plc (NYSE:RTP), BHP Billiton Limited (NYSE:BHP), Baoshan Iron and Steel Company (SHA:600019), ArcelorMittal (NYSE:MT), ABB Limited (NYSE:ABB), Abengoa Solar SA (MCX:ABG), Deutsche Bank AG (NYSE:DB), E.ON AG (OTC:EONGY), Munich Re (BIT:MUV2), RWE AG (OTC:RWEOY), Siemens AG (NYSE:SI), Wisconsin Energy Corporation (NYSE:WEC), Iberdrola SA (OTC:IBDRY), BHP Billiton Limited (NYSE:BHP), China Shenhua Energy Company Limited (SHA:601088), Peabody Energy Corporation (NYSE:BTU), Vale SA (NYSE:VALE), Gazprom OAO (OTC:OGZPY),
Deutsche Bank AG (NYSE:DB), JPMorgan Chase & Company (NYSE:JPM), Rio Tinto plc (NYSE:RTP), Severstal’ OAO (MCX:CHMF), Itochu Corporation (OTC:ITOCY)
Companies featured in this segment: Fiat SpA (OTC:FIATY), Volkswagen AG (OTC:VLKAY), Fortescue Metals Group Limited (ASX:FMG), BHP Billiton Limited (NYSE:BHP), Rio Tinto plc (NYSE:RTP), Edison SpA (BIT:EDN), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), Eni SpA (BIT:ENI), Enel SpA (BIT:ENEL), Gas Natural SDG SA (MCE:GAS), RWE Power AG (OTC:RWEOY), Hindalco Industries Limited (BSE:500440), Larsen & Toubro Limited (BSE:500510)
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