*Schauble insists Europe needs to keep on reform path. CAIRNS, Australia, Sept 19- U.S. Treasury Secretary Jack Lew on Friday called on the euro zone and Japan to do more to spur growth as the global economy continues to disappoint, highlighting what is sure to be a bone of contention as Group of 20 ministers gather in Australia.» Read More
We are on the verge of marking the 50th anniversary of the European Union -- taking as its birth the Treaty of Rome -- and politicians will spend this weekend in Berlin toasting the treaty.
Crude oil prices rose moderately Monday -- but gasoline futures hit a seven-month high. Where are the raw and refined fuels headed this year? Two energy analysts had one answer for CNBC's Erin Burnett: up.
Stocks closed solidly higher as investors took encouragement from more than $10 billion of announced acquisitions. "We think the one-day drop of a week or so ago was way overdone," Bob Turner, chief investment officer at Turner Investment Partners, told CNBC. "The trend that's been in place over the last several years of an upward bias to the market is still in place."
Deepening problems in the subprime mortgage sector chipped away at homebuilder confidence in March, the National Association of Home Builders said.
Manufacturing activity in five Midwestern states fell 2.3% in January from a month earlier, dropping to its lowest level since October 2005, according to data released Monday by the Federal Reserve Bank of Chicago.
The yen hit a 2-1/2-week low against the euro and dipped against the dollar on Monday as arash of corporate merger news bolstered global stock markets, reviving investors' appetite for risk.
Merger madness is gripping Wall Street this morning and stocks, so far, are ready to sprint higher at the open. European markets are trading higher, and Asian stocks rose overnight, with a weaker yen helping lift Japan's Nikkei more than 1.6%.
China's central bank said Saturday it will raise key interest rates by more than a quarter percentage point in a move to cool torrid economic growth.
Stocks closed modestly lower on Friday as a drop in energy stocks and investor uncertainty ahead of next week's Fed meeting kept buyers on the sidelines. "I think you are going to see very choppy, very volatile market. That's not necessarily that bad, it gives folks like us opportunity to buy good companies at less expensive prices," said Andrew Seibert, senior portfolio manager at Stewart Capital.
The fallout in the subprime mortgage industry continues to trouble the markets, and analysts expect the issue to be at the forefront of investor concerns next week.
The dollar sank to a three-month low against a basket of currencies, weighed down by concerns the growing crisis in the U.S. subprime mortgage market could spread and curb economic growth.
Consumer inflation spurted higher in February, reflecting rising costs for gasoline and big jumps for food, while industrial output rebounded sharply, in large part because of the biggest jump in utility production in 17 years
Stocks are heading for a lower opening as snow falls on Wall Street and investors await consumer inflation data and consumer confidence numbers. Today is the quadruple witching day for the expiration of stock futures and options, but the resulting volatility may have already been played out when we saw the market take a roller coaster ride earlier this week. Asian markets were weaker overnight, and European stock markets are trading lower ahead of the New York open.
China will take steps to contain a renewed burst in bank lending and a larger-than-expected rise in the country's controversial trade surplus last month, senior officials said on Friday.
The U.S. Commerce Department is prepared to change a decades-old policy and impose countervailing duties on non-market economies like China when the facts merit, a senior official said.
Stocks closed higher amid continued volatility, reflecting guarded investor optimism ahead of next week's Fed meeting. "The mood of the market is as variable as the weather here in Manhattan, it's hot one day and cold the next. It's likely to remain that way at least through the end of the quarter," said Charles Crane, managing member with Scotsman Capital Management.
The bad news pouring out of the subprime lending industry has sparked concerns in global equities markets that the burden of bad debts will crimp lending, hurt the already weak U.S. real estate market and thereby slow down the U.S. economy and the consumer.
Higher energy costs pushed producer prices up by a bigger-than-expected 1.3% in February and there was a large drop in the number of initial jobless claims filed last week, Labor Department data on Thursday showed.
Does the market have you scared? "The fear is interesting," says Tobias Levkovich, Citigroup's chief U.S. equity strategist. He joined "Squawk on the Street" to talk about "worried" investors -- and what they ought to do now.
The dollar was little changed against the euro and yen, after U.S. stock futures declined following data showing higher than expected U.S. wholesale inflation in February.
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