Weak techs and a strong dollar kept a lid on an afternoon run, with investors still spooked by yesterday’s dismal economic data.
The world economy might be on the road to recovery, but it’s Asian growth that the “advanced” economies have to thank.
A surge in mortgage foreclosures sent Wall Street tumbling last night before a gradual claw-back. Dow down 93.
A recent article by former FED governor Frederic Mishkin suggests asset bubble creation is an economic policy tool but CIBC questions whether this is good policy.
Noted bear SocGen has told clients to prepare for a possible global collapse over the next two years.
A sharp drop in US housing starts took any upside wind out of Wall Street’s sails last night. Dow down 11.
Stocks finished mildly higher despite a weak US dollar and poor data last night. Dow up 30.
Wall Street shot into new blue sky last night on retail sales and some subtle words from the Fed. Dow up 136. (Locked for subscribers until 10:00 AEDST)
Stocks advance on a little upbeat retail news and hope that the recovery is gaining momentum. Dow up 0.7%.
While some in the market see US unemployment hitting 12-13% in coming months Morgan Stanley disagrees, expecting the measure will soon peak at around 10.5%.