Futures pointed to a lower open for Wall Street Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting.
Wednesday, 3 Jun 2009 | Source: The New York Times
Since three state owned Chinese companies said they would buy stakes in Australia’s storied mining industry totaling $22 billion — as much as China’s entire investment here in the last three years — some of this nation’s 21.3 million people have reacted with aggrieved nationalism.
Stocks opened flat Friday as investors were encouraged by a pair of better-than-expected manufacturing readings but dismal economic data out of Europe and weak U.S. retail reports capped gains.
The dollar is again weak this morning, and commodities are rallying: gold and copper are at new highs, while commodity stocks like Rio Tinto and AK Steel are up 4 to 5 percent.... Read More
Investors should put their cash to work and focus on leading economic indicators, and not lagging indicators such as the unemployment rate, advised Daphne Roth, head of equity research at ABN AMRO Private Banking.... Read More