Stocks rose for a third day on Tuesday, led by utilities and other defensive sectors that may drive further gains as investors bet on profit growth and set aside concerns about weakening demand.
President Barack Obama‘s speech on immigration in El Paso, Texas on May 10, 2011.
China has agreed to steps to open its government procurement market to more U.S. companies and let U.S. banks sell mutual funds in the country, a senior U.S. Treasury official said on Tuesday.
China on Tuesday pledged to make it easier for U.S. companies to win Chinese government contracts, addressing a long-standing complaint of foreign corporations seeking a piece of the fast-growing market.
Wall Street extended its rally for a third day on Tuesday as investors turned more conservative after last week's decline and embraced defensive shares.
Oil rose on Tuesday, supported by concerns U.S. flooding could hit Gulf Coast refinery operations and data showing strong Chinese crude imports for April.
Wall Street edged higher on Tuesday as China's trade surplus eased fears about a slowdown in global economic growth and Microsoft said it would pay $8.5 billion in cash for Internet phone service Skype.
China stormed back to post a hefty trade surplus in April as exports hit a record while imports eased more than expected, weighed down by sustained monetary tightening and high commodity prices.
Spot Gold prices rose for the second day running in London on Tuesday, reclaiming half of last week's 7% drop from the all-time Dollar high as world stock markets rallied again with commodity prices.
U.S. and Chinese officials in Washington on Monday laid out differences on human rights in China, U.S. exports on high technology products, and China's exchange rate as they held ongoing talks to resolve strategic and economic issues.
U.S. stocks were set to rise at the open on Tuesday after strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.
The top pre-market NASDAQ Stock Market gainers are: CKX, China Valves Technology, Synthesis Energy Systems, China Information Technology, and Fossil. The top pre-market NASDAQ Stock Market losers are: Nanosphere, BioMimetic Therapeutics, SmartHeat, MannKind, and USA Technologies.
Oil prices pared losses of more than 2 percent on Tuesday as the dollar erased gains.
U.S. stock index futures rose on Tuesday as strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.
Investors around the world, more so the Chinese, are buying up gold assets to cover against rising inflation risk, macroeconomic uncertainties, a possible currency doom and the ever worsening U.S. debt scenario. The gargantuan demand from China can cause the yellow metal's prices to skyrocket, analysts feel. If the Chinese buying trend is ably supplemented with a fall in the value of dollar, this could result in a skyrocketing of prices.
U.S. stock index futures rose on Tuesday as strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.
Deutsche Post DHL posted consensus-beating quarterly earnings and affirmed its 2011 outlook as demand from Asia boosted profits at its express delivery business.
Japan’s finance minister Yoshihiko Noda said on Tuesday that the shutdown of the Hamaoka Power Plant for at least two years may result in job losses and affect the country’s already fragile economy.
China stormed back to post a hefty trade surplus in April as exports hit a record while imports eased more than expected, weighed down by sustained monetary tightening and high commodity prices.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.1 percent at 0818 GMT.
China posted its biggest trade surplus in four months in April, swinging from a trade deficit in the first quarter, as senior Chinese and U.S. officials sought to resolve disputes over trade and other policy differences.
The issue of 'detained and disappeared' people in China as raised by the United States as well as the 'enormous progress' on human rights a Chinese official said was taking place were mentioned among broader economic talks between the U.S. and China on Monday.
