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| | | It was another ho-hum day on Wall Street last night. Nothing much was expected, nothing much transpired. US stocks ended flat in light trading activity as the bond market and government offices closed in celebration of the day Christopher Columbus came ... |
| | | | ... the warning bell yesterday when he said that, "Additional purchases have the ability to ease financial conditions." Last night, Federal Reserve Bank of Chicago Charles Evans, backed his Chairman saying that the slow improvement on the US jobs front requires ... |
| | | | ... stocks have opened over one per cent higher amid strong gains among resources and financial stocks and following a positive night on Wall Street. At 1015 AEDT, the benchmark S&P/ASX200 index was up 54.7 points, or 1.19 per cent, at 4,661.6, while the ... |
| | | | ... not over yet... the fat lady still hasn't sang... Elvis is still in the building. Just look at the US data releases last night. US second quarter real GDP growth was upwardly revised to an annualised rate of 1.7 per cent (from 1.6 per cent). Good, but ... |
| | | | ... you've heard of statistical aberrations or exceptions to the rule, September 2010 is turning out to be just that. After last night's closing, my calculations show that the S&P 500 index would need to drop by 8.6 per cent - and the Dow by 7.8 per cent ... |
| | | | ... because it's achieving its own currency depreciation without being accused of currency manipulation. Bloomberg reported last night that, "The dollar slid 1 percent to $1.3393 per euro at 4:20 p.m. in New York, from $1.3264 yesterday, after reaching $1.3440. ... |
| | | | All dressed up and nowhere to go. Yup! Wall Street went nowhere alright. A day before last night's Federal Open Market Committee Meeting (FOMC), Wall Street was all prepped, seemingly ready to take it all, whatever the Fed decides - or more, importantly ... |
| | | | ... said investors may be sitting on the sidelines ahead of commentary from US Federal Reserve chairman Ben Bernanke on Tuesday night. "The FOMC (Federal Open Market Committee) tonight release their commentary in terms of monetary policy. There may be a ... |
| | | | ... positive stock on the S&P/ASX20 was Telstra, having risen four cents, or 1.45 per cent, to $2.79. Wall Street closed Friday night's (AEST) session with a small gain, but Patersons Securities associate director Mark Goulopoulos said offshore markets provided ... |
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