World Economy


  • Market Insider: Friday Look Ahead Thursday, 5 Jun 2008 | 8:41 PM ET

    May's employment report will make or break the market's momentum Friday. Traders say if the 8:30 a.m. report is in line with expectations or even better-than-expected, watch for the rally to continue. If it's worse, stocks will give back some of Thursday's gains.

  • Friday's Jobs Report Likely To Show Loss of 58,000 Thursday, 5 Jun 2008 | 4:57 PM ET

    The U.S. economy likely shed jobs for the fifth straight month in May as flagging consumer confidence and the worst housing bust in generations discouraged hiring.

  • Oil Closes Near $128: Biggest Jump Since March Thursday, 5 Jun 2008 | 3:45 PM ET

    U.S. light, sweet crude futures rebounded from two days of sharp losses, ending more than 4 percent higher as the dollar weakened against the euro, prompting funds to switch assets to the oil markets.

  • Household Wealth Shrinks for Second Quarter in Row Thursday, 5 Jun 2008 | 3:18 PM ET

    The net wealth of U.S. households fell 2.9 percent in first three months of 2008 as home values eroded further and share holdings fell sharply, marking the second quarterly drop in a row, the Federal Reserve said Thursday.

  • Dollar Drops Vs. Euro as Trichet Signals Rate Hike  Thursday, 5 Jun 2008 | 2:47 PM ET

    The euro rebounded from three-week lows against the dollar Thursday after European Central Bank President Jean-Claude Trichet said euro-zone interest rates could rise as early as next month.

  • Euro Stocks End Lower on Hawkish Trichet Thursday, 5 Jun 2008 | 11:46 AM ET

    European stocks ended lower on Thursday, falling for a second day in a row after ECB President Jean-Claude Trichet left the door open to an interest rate hike in July.

  • Lacker: Fed May Have Made Financial Markets Worse Thursday, 5 Jun 2008 | 11:16 AM ET
    Jeffrey Lacker

    Fed intervention to calm financial market panic runs a risk of encouraging more reckless behavior and may make matters worse in the future, a top Fed policy-maker said

  • Jobless Claims Drop But Are Expected to Rise Again Thursday, 5 Jun 2008 | 9:45 AM ET

    The number of laid-off workers filing claims for unemployment benefits showed an unexpected improvement last week although a key indicator of unemployment hit a four-year high.

  • Europe Preview: Why a Rate Hike Is a Good Idea Thursday, 5 Jun 2008 | 6:14 AM ET

    A cut, given inflation rates, would simply make it more likely that we would enter recession at some point. If prices keep rising significantly, then the fiscal and monetary response will have to be more drastic somewhere down the road.

  • US Won't Match Japan's '90s Slump: Fed's Lockhart Thursday, 5 Jun 2008 | 5:42 AM ET

    The United States will not experience a protracted period of economic weakness like Japan did in the 1990s, but the U.S. financial system is hurt by a lack of clear information about banks, Atlanta Federal Reserve Bank President Dennis Lockhart said Wednesday.

  • Bank of England 'Caught' Not 'Paralyzed' Thursday, 5 Jun 2008 | 5:24 AM ET

    The recent downturn in the UK economy is likely keeping Bank of England hawks at bay, according to former Monetary Policy Committee member Charles Goodhart, CBE.

  • European Central Bank Rate Decision Timeline Thursday, 5 Jun 2008 | 3:50 AM ET

    This is a timeline of the European Central Bank's rate decisions from 2007 to date.

  • Poll: Should Britain Adopt the Euro? Thursday, 5 Jun 2008 | 2:31 AM ET

    The European Central Bank's 10th anniversary may have been marred by high inflation, but the euro's show of strength over the past nine months has been impressive.

  • Market Insider: Thursday Look Ahead Wednesday, 4 Jun 2008 | 11:18 PM ET

    May's chain store sales and weekly jobless claims will be factors in the market Thursday, as credit worries still manage to haunt stocks.

  • Australia Trade Deficit Drops, Surplus on Horizon Wednesday, 4 Jun 2008 | 11:14 PM ET

    Australia's trade deficit shrank by far more than expected to its smallest in 14 months in April fuelling speculation that surging prices for coal and iron ore exports could make deficits a thing of the past.

  • India, Malaysia Raise Fuel Prices as Oil Rally Bites Wednesday, 4 Jun 2008 | 7:00 PM ET

    India and Malaysia raised retail fuel prices, joining a growing number of Asian nations no longer able to afford big subsidies in the face of record-breaking oil prices.

  • Dollar Mixed as Downturn Fears Ease Wednesday, 4 Jun 2008 | 4:05 PM ET

    The dollar was mixed Wednesday as a report on the U.S. service sector indicated a less severe downturn and retail sales in Europe dipped unexpectedly.

  • Oil Settles Below $123 as Gasoline Supplies Swell Wednesday, 4 Jun 2008 | 4:02 PM ET
    Oil Barrels

    U.S. crude oil futures fell on Wednesday, as a larger-than-forecast rise in refined product inventories last week offset an unexpected drawdown in crude oil supplies.

  • Bernanke: Inflation a Problem But Not a 1970s Spiral Wednesday, 4 Jun 2008 | 3:09 PM ET
    Ben Bernanke

    Fed Chairman Bernanke said policy-makers were concerned by signs of rising long-term inflation expectations but did not see a dangerous wage-price inflation spiral developing.

  • Hovnanian CEO: Hope But No 'Champagne' Yet Wednesday, 4 Jun 2008 | 12:23 PM ET

    Homebuilder Hovnanian Enterprises on Tuesday reported a second-quarter loss more than 10 times wider than its loss in the year-ago period. CEO Ara Hovnanian offered his industry outlook to CNBC.

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