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Global stocks mixed as investors digest Fed rate cut
AFP - Global stocks saw mixed fortunes Thursday with many investors remaining cautious about the outlook for the US economy despite the Federal Reserve's latest interest rate cut, dealers said.
Factory orders improve in September
AP - Manufacturers saw demand for their products edge up in September, after dropping sharply in the previous month.
Nation's sour mood favours Democrats
FT.com - October marked a record 50th consecutive month of employment growth in the US and the economy is in its sixth year of uninterrupted expansion.
Oil slips but gold holds above $800
FT.com - Oil prices retreated on Monday after hitting a record above $96 a barrel on Friday while gold held above the key $800 level amid renewed concerns about the outlook for the US economy after Citigroup (NYSE:C) became the latest investment bank to report gigantic losses related to the sub-prime crisis.
Dollar falls to fresh lows
FT.com - The dollar fell to a record low against the euro on Tuesday as worries over the state of the US economy continued to weigh on the currency.
Productivity surges by 4.9 percent rate
AP - Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.
Jobless claims down for last week
AP - The number of laid-off workers filing claims for unemployment benefits dropped last week to the lowest level in a month, even though wildfires added to the unemployment rolls in California.
Euro hits new high after Fed chief comments
AFP - The euro hit a fresh record high against the dollar Friday after Federal Reserve chairman Ben Bernanke painted a gloomy picture of the US economy, dealers said.
German investor confidence sinks
AP - German investor confidence has sunk to its lowest level for more than 14 years as the subprime lending crisis fuels expectations of a 'considerable economic downturn' in the United States, a closely watched survey showed Tuesday.
US dollar will get stronger: Bush
AFP - US President George W. Bush predicted in an interview Tuesday that the battered US dollar will get stronger because the US economy is robust.
Fed injects cash into financial system
AP - The Federal Reserve injected a fresh infusion of $47.25 billion into the U.S. financial system on Thursday, reflecting normal operations as money flows into and leaves the market.
October industrial output down 0.5 percent
Reuters - Industrial production unexpectedly
fell in October, logging a 0.5 percent decrease, as output
shrank at factories, mines and utilities, a Federal Reserve
report on Friday showed.
CNOOC head says not heard of North West Shelf deal
Reuters - China National Offshore Oil Corp
(CNOOC) president Fu Chengyu said on Saturday he knew
nothing about a reported deal for Royal Dutch Shell Group's
(RDSa.L) oil assets in Australia's North West Shelf oil and gas
project.
No concern yet for global recession: Japan's Fukuda
Reuters - Japan's prime minister said on
Sunday that he does not see the deepening U.S. housing slump
and credit crisis triggering a global recession.
China tells banks to curb lending: sources
Reuters - China has ordered banks to limit their
lending until the end of the year as part of efforts to keep
investment under control and prevent the world's fourth-largest
economy from overheating, sources said on Monday.
Asian stocks trim losses after Wall Street fall
AFP - Asian stocks trimmed losses Tuesday as investors took the view that a recent global sell-off was overdone, despite lingering concerns about the outlook for the US economy, dealers said.
Recession fears spike among U.S. voters: poll
Reuters - The U.S. economic mood took a sharp
turn for the worse over the past month, with 40 percent of
Americans expecting a recession in the next year, according to
a Reuters/Zogby poll released on Wednesday.
Asia damped by US economic outlook
FT.com - Asian shares were broadly lower on Thursday as worries deepened about the state of the US economy and its effects on global growth after home prices fell in a third of US cities.
Markets unsure if they will decouple from US
FT.com - Global markets are reflecting unease that a deteriorating US economy, which comprises about 25 per cent of total world activity, could torpedo the notion that Asia and other countries can 'decouple' from a sickly North America.
Euro trades close to 1.50 dollars
AFP - The euro crept higher on Monday after striking a series of historic peaks close to 1.50 dollars last week as dealers worried about the health of the US economy.
Goldman cuts growth outlook, sees lower rates
Reuters - Goldman Sachs on Tuesday
slashed its target for the expected trough in U.S. benchmark
interest rates by a full percentage point, citing an increased
probability of recession and the likelihood of a prolonged
period of sluggish performance for the U.S. economy.
Tokyo snaps three-day win streak
FT.com - Japanese equities fell on Wednesday, sapped by a fragile outlook for the US economy. The benchmark Nikkei 225 average snapped a three-session advance, losing 0.5 per cent to end at 15,153.78. The broader Topix index was also down, by a more modest 0.2 per cent at 1,475.
US economic growth revised up to 4.9 percent in 3Q
AFP - The US economy surged at a 4.9 percent pace in the third quarter ahead of the impact of credit and housing ills, the government said Thursday in a revised estimate of gross domestic product (GDP).
Consumer spending flags, construction plummets
Reuters - Consumer spending inched up by an
unexpectedly small 0.2 percent last month and construction
spending tumbled, according to reports on Friday that
heightened concerns on the health of the economy.
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