Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says a recovery in the U.S. and Europe can provide stabilization for commodities in the second-quarter.» Read More
Investors who spent the past nine months avoiding the US stock market and economy by snapping up multinational companies are now coming back home.
A bout of risk aversion dented European stocks on Tuesday as jitters grew over potential credit-related problems at banks and inflation, while typically defensive stocks such as pharmaceuticals and food rallied.
The Federal Reserve will not repeat the policy mistakes of the 1970s by letting inflation spiral out of control, San Francisco Federal Reserve Bank President Janet Yellen said Tuesday.
Just how much more, is a bit less encouraging. As percentage rise increases, those willing to pay more declines. Only 5 percent said they would be willing to pay 15 percent or more. And a full 34 percent said they were opposed to any increase at all.
Federal Reserve Governor Randall Kroszner said Tuesday the U.S. housing market should begin to show improvement by the end of the year and continue to recover in 2009.
It's MINI that may be best positioned right now. WIth sales up 29.9% this year, The MINI Cooper and Clubman are compact cars with the unique combination of style and fuel efficiency in a tight little package.
Sales of new homes rose in April for the first time in six months, although the unexpected increase still left activity near the lowest level in 17 years
There are several signs that the financial crisis that has long plagued the market is winding down, according to one expert.
The majority of small business owners think the U.S. economy is getting worse, though sentiment showed some improvement in May from its recent lows, according to a survey released on Tuesday.
Asian markets rebounded Tuesday from the previous session's dip, as bargain hunters scoured the market after five days of losses. Both Japan and South Korea finished over 1% higher.
The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.
Japanese government plans to fill one of two vacancies on the Bank of Japan's rate-setting policy board were thrown into disarray on Tuesday when the name of a nominee was leaked to the media, upsetting opposition lawmakers.
Monetary policy should aim to help China recover from this month's devastating earthquake but it must also continue to fight inflation, central bank chief Zhou Xiaochuan said.
Former Federal Reserve chairman Alan Greenspan was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks.
Oil rose above $133 on Monday as long-term supply concerns lingered and fresh production problems appeared in Nigeria and Norway.
Asian stocks retreated into negative territory Monday, with most markets down more than 1% on fears that slowing U.S. consumer demand will hurt Asia's export-oriented economies. Japan shed 2.3% while South Korea slipped 1.5%.
"This is going to be another difficult spring," said Mark Zandi of Moody's Economy.com. "I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end."
European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.
China's consumer inflation is expected to reach 7% in 2008, up from 4.8% last year, a government economist said in comments published on Monday
The dollar held its ground on Monday, taking advantage of the ultra-thin volumes owing to U.S. and UK market holidays to arrest its decline of the last three weeks and eke out slender gains against a basket of major currencies.
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