World Economy


  • Two Fed Officials Hint More Rate Cuts May Be Coming Wednesday, 9 Jan 2008 | 8:09 AM ET
    The Federal Reserve headquarters in Washington, DC.

    Fed officials from opposite ends of the ideological spectrum had a similar message Tuesday -- that further rate cuts could lie ahead.

  • Asian Markets End Higher After Late Rally Wednesday, 9 Jan 2008 | 5:40 AM ET

    Asian markets rebounded in the afternoon session Wednesday after initially falling to three-week lows on the back of Wall Street's dismal performance Tuesday.  Both Japan and South Korea clawed back into positive territory to finish the session stronger.

  • China to Intervene to Curb Consumer Inflation Wednesday, 9 Jan 2008 | 5:12 AM ET

    China's cabinet said on Wednesday that it would temporarily intervene in the market to curb price rises or basic necessities like food, underlining its concern over mounting inflationary pressures.

  • Oil Gains on Supply Worries, Nigeria Unrest Tuesday, 8 Jan 2008 | 2:24 PM ET
    Oil Pipeline in Germany

    Oil halted a three-day slide to rise above $97 a barrel on Tuesday, lifted by a threat of violence in Nigeria's oil region and expectations of a further drop in crude stocks in top consumer the United States.

  • PIMCO's Gross Sees Fed Funds at 3% by Midyear Tuesday, 8 Jan 2008 | 2:13 PM ET
    Bill Gross

    The Federal Reserve will cut lending rates aggressively in the first half of 2008 as the United States faces a possible recession, PIMCO fund manager Bill Gross said in an investment outlook posted on Tuesday.

  • Yen Tumbles as High Yielding Currencies Gain Tuesday, 8 Jan 2008 | 11:30 AM ET
    Exchanging Dollars and Euros

    The yen retreated across the board Tuesday as investors waded back into risky carry trades, sparked by gains in global equities and a rise in commodity prices.

  • Paulson on 'Squawk': Housing, China and Fly-Fishing Tuesday, 8 Jan 2008 | 10:26 AM ET

    Treasury Secretary Henry Paulson discusses the dollar, the housing market, China and fly-fishing with the Squawk Box news team. 

  • Oil At $100: World Events May Already Be Priced In Tuesday, 8 Jan 2008 | 10:14 AM ET
    Oil Refinery

    Did you notice the scuffle between Iranian and American forces in the Strait of Hormuz over the weekend? Oil traders apparently did not. News that--in the past--would have sent crude futures rocketing higher.

  • Small Business Optimism Falls to 1993 Low Tuesday, 8 Jan 2008 | 9:36 AM ET

    Small business confidence in the U.S. economy tumbled for the second straight month in November because of worries that economic growth will slow, a survey released on Tuesday showed.

  • UK Retail Sales Growth Weakest Since March '06 Tuesday, 8 Jan 2008 | 5:46 AM ET

    British retail sales grew at their slowest pace since March 2006 in December, making it the worst Christmas for retailers in three years, a survey showed on Tuesday.

  • Asian Markets End Mixed, Japan Closes Higher Tuesday, 8 Jan 2008 | 5:32 AM ET

    Most Asian markets were edging higher in the afternoon session Tuesday following recent falls. Japan managed to finish slightly higher after spending most of the day in negative territory. But South Korea closed lower.

  • UK House Prices Recover in December Tuesday, 8 Jan 2008 | 4:20 AM ET

    House prices in Britain recovered in December after three consecutive monthly falls, a survey by the country's biggest mortgage lender showed on Tuesday, easing fears of a precipitous decline in the property market.

  • Oil Pipeline in Germany

    Oil slipped nearly $3 to end just above $95 per barrel on Monday, as unseasonably warm weather and worries of a looming recession in top oil consumer the United States outweighed fresh tensions between Iran and the U.S.

  • Market Feeling: Negatives Outweigh The Positives Monday, 7 Jan 2008 | 1:54 PM ET

    Commodity based stocks getting hit hard again midday. Alcoa down 5.3 percent, AK Steel down 4.6 percent, oil service down 2.3 percent. What's up? Underlying commodities are weak for a second day in a row--the CRB index (a basket of commodities) has fallen almost 2 percent the past two days.

  • Dollar Gains vs Euro on European Rate Expectations Monday, 7 Jan 2008 | 11:58 AM ET
    Exchanging Dollars and Euros

    The dollar edged upward against the euro and the pound Monday as markets pondered whether rising inflation in the euro zone and Britain may bring interest-rate changes later this week.

  • Paulson: No Rush on Plan to Jump-Start the Economy Monday, 7 Jan 2008 | 11:33 AM ET
    Treasury Secretary, Henry Paulson

    Treasury Secretary Paulson said the Bush administration is trying to minimize the impact of a housing downturn rather than rush new stimulus measures.

  • Efforts to Tame Money Markets Worked: Trichet Monday, 7 Jan 2008 | 10:54 AM ET

    Major central banks are satisfied with joint efforts to tame money market tensions around the turn of the year but will remain in close contact, policymakers said on Monday.

  • Fourth quarter earnings season begins in earnest this week. On Friday, the weak jobs report forced traders to question the recent overweight in tech, industrials and materials. This overweight was based on the assumption that: 1) the U.S. was unlikely to be entering a serious slowdown.

  • Euro-zone investors are the gloomiest in 2-1/2 years and their expectations for the next six months are the most pessimistic on record as the credit crunch continues to depress sentiment, a survey showed on Monday.

  • Asian Stocks End Lower; China, India Gain Monday, 7 Jan 2008 | 5:08 AM ET

    Asian stocks continued the negative start to the year Monday as many indexes sank to two-week lows, but Chinese and Indian indexes managed robust gains. Taiwan's TIAEX closed over 4 percent lower and Singapore' Straits Times Index ended 2.5 percent down.

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