NUSA DUA, Indonesia, Dec 7- The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy.» Read More
The yen dropped to a five-week low against the euro and to its lowest level against the dollar in a month as improving risk appetite prompted investors to chase high-yielding currencies.
Capital spending by U.S. businesses has dropped in two of the past three quarters -- and some say the bellwether figure will keep sliding. Does this signal a recession is looming? Two economists joined "Morning Call" -- with radically opposed views.
Pending sales of existing U.S. homes rose only narrowly in February as bad weather and weakness in the subprime lending sector put a crimp on the housing market, a real estate agents' trade association said on Tuesday.
A major trade deal between the U.S. and South Korea received a mixed response as some business leaders and politicians complained it fell short on boosting U.S. auto and agriculture exports.
Australia's trade deficit was little changed at $687 million in February, defying expectations of a widening, as export growth matched imports in what might be a sign of a long-awaited export upturn.
Stocks managed to squeak by with gains at the close as a flurry of mergers helped investors shrug off weaker manufacturing data. "We had a mixed dose of positive and negative news," said Mike Malone, trading analyst at Cowen, in an interview with CNBC.com.
"Nineteen minutes to spare": A dramatic last-minute victory united America and South Korea Monday, as the two countries arrived at a historic economic agreement. Ambassador Susan Schwab, U.S. trade representative, joined CNBC's Erin Burnett to describe the "ambitious outcome."
Frederic Dickson, chief market strategist for D.A. Davison, told CNBC’s “Closing Bell” that he expects stocks to move higher in the next few weeks.“Nobody is prepared for a break on the upside,” Dickson said Monday. “We’re not looking for a big one, but I think we’ll see prices drift higher.”
The dollar slipped against the euro and yen, with the market focused on Friday's U.S. jobs data for March and the week's other economic data for clues on when the Federal Reserve might cut interest rates.
U.S. factory activity grew in March but at a slower rate than in February, with a jump in prices paid but contraction in employment, according to a survey published on Monday.
A Chinese company targeted by Washington with duties on "unfair" state subsidies said on Monday it would fight the move, which state media and officials said would exacerbate frictions caused by a huge U.S. trade deficit.
With just minutes to spare on Monday, the United States and South Korea agreed the biggest U.S. trade pact for 15 years, officials said.
Australian retail sales surged 0.9% in February, blowing past market market forecasts and heightening the risk of another rise in interest rates, perhaps as early as this week.
Japanese companies are slightly less optimistic about business conditions than they were three months ago, the Bank of Japan's March tankan survey showed on Monday.
Stocks closed mixed as the Dow Jones Industrials had their worst quarterly performance in almost two years. "What you've seen this quarter is a lot of negative shocks to the system in the market, yet the markets really don't want to go down," said Erik Ristuben of Russell Investment Group.
Wall Street is sharply lowering expectations for first-quarter earnings growth, but some market pros think individual companies could offer investors some pleasant surprises.
The dollar slipped Friday after the U.S. government said it will impose duties on imports of coated paper from China, raising fears of protectionism between the two economic superpowers.
Consumer sentiment fell in March to its lowest in six months as worries about rising prices and slowing income gains weighed amid an uncertain outlook for the economy, a survey showed on Friday.
Stocks are tentative ahead of the opening bell on this final trading day of the first quarter. There are some key data releases this morning including personal income and spending, personal consumption, February construction spending, Chicago purchasing managers and University of Michigan consumer sentiment. Oil is on the rise again and could continue to be a pressure point on stock prices after its big move up yesterday.
The global selloff throughout world stock markets triggered by the brief but sharp fall in the Shanghai Composite Index at the end of February has stirred up even more interest in already hot Chinese markets. This week, "A Fund Affair" features AMP Capital's China Growth Fund, which gives the investor rare access to China 'A' shares.