Ilya Spivak, Currency Strategist at FXCM, says the G-20's communiqué, concluded in Australia over the weekend, was too vague in terms of actionable policy prescriptions, to give equity markets a boost.» Read More
It's been a long time since we had our President speak and the market rally, but we saw it on Thursday when President Obama had a news conference at the G-20 meeting and the market went up 50 or so points on the Dow Jones average.
Luckily for investors, the news isn’t yet priced into stocks. That means it is time to buy.
The word in London was to not look like a banker but to wear blue jeans so as to be able to get to and from work without incident during the G20 meeting. Probably good advice, but of no help to our President, who had to dress up and face the hostile world as leader, not candidate, for the first time.
The draft G20 statement apparently has everything for everyone and the euphoria in the markets is palpable with equity markets rallying strongly, bond yields are higher, and the US dollar is lower.
The members of the G20 are likely to call for at least a doubling of the International Monetary Fund's budget, if not more, UK Chancellor of the Exchequer Alistair Darling told CNBC Thursday.
US stocks looked set to continue their positive start to the quarter and jump higher at the open Thursday, as investors will look for reassurance from global leaders at the G20 summit in London.
The rise of protectionism is something to guard against says Victor Fung, chairman of the Li & Fung Group of companies. And while stimulus packages are welcomed and necessary, they must not promote protectionism.
In this Web Extra, the traders prepare you for the superbowl of financials, the FASB meeting. Also find out how they're gaming earnings from Monsanto and more!
Stocks closed higher as some mildly optimistic economic news helped Wall Street begin the second quarter on a positive note.
Are you concerned that public outrage over the financial crisis has reached a boiling point?
On the eve of the G20 Summit, American investors looking for opportunities overseas are having their returns diminish when converting their investments back into dollars. Here is a look at how major global indexes performed in relation to their respective currency valuations.
Why should we pay attention to four-and-a-half hours of debate followed by highly choreographed photo ops and a communiqué that most of us could have cobbled together on the back of a swanky hotel envelope?
Thousands of people voiced their anger at the world economic crisis in London's financial district, one day before a summit by leaders of the G20 countries in Europe's financial capital.
US stock index futures pointed to a lower open for Wall Street after economic news showed steepening pressure in the jobs market.
Developed countries differ in how they think their economies can be kick started again, while developing countries ask for an increased role in the decision-making process.
Stocks are at a critical juncture as the second quarter begins Wednesday, and there's a chance sideways could be the new normal for the time being.
Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.