Half of the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the US, IMF chief Dominique Strauss-Kahn was quoted as saying.
Crude oil prices rose more than 2 percent Wednesday, supported by lower-than-expected builds in U.S. oil inventories last week, a weak U.S. dollar and gains on Wall Street.
The dollar slid to a fresh 15-month low against a basket of currencies Wednesday as upbeat data on weekly jobless claims, personal consumption, and new home sales bolstered the outlook for the U.S. economy.
Stocks declined Tuesday, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook.
Tuesday, 24 Nov 2009 | Posted By:
Scott Cohn | Source: CNBC.com
With gold trading at record highs, Newmont Mining's Twin Creeks mine is one valuable piece of property. And the company is mining it for all it is worth.
U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
Oil prices fell on Tuesday after data showed the U.S. economy grew at a slower-than-expected pace last quarter and investors braced for weekly figures to show crude stocks rose in the world's top energy consumer last week.
The dollar fell to a six-week low against the yen Tuesday after a mixed bag of U.S. data kept worries about an economic recovery alive, enhancing the safe-haven appeal of the Japanese currency.
Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
Monday, 23 Nov 2009 | Posted By:
Robin Knight | Source: CNBC.com
The asset-price rally is running out of momentum and will soon crack, which could lead to a 30 percent correction in oil and a 20 percent correction in stocks, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.com.
On a short holiday week where the Dow started off at a new 2009 high before losing ground Friday on concerns over Dubai's debt standing, the markets managed a mixed to flat performance for the week.... Read More
Considering market declines could have been much worse on Friday, is Dubai only a blip on the radar? Or, is it the first ripple of a larger crisis?... Read More