CHINA

Traders work on the floor of the New York Stock Exchange

US stocks fluctuate in early trade

S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.

US stock futures extend modest gains

Traders work on the floor of the New York Stock Exchange
Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.

US dollar slides on weaker-than-expected CPI

Shoppers checkout at a Target store in Virginia
The US dollar dropped against its major counterparts on Wednesday after data showed October consumer price inflation was slower than expected with housing starts data for the same month also coming in at a weaker-than-expected level.
 Wen Jiabao

Commodities drop across the board on fresh hawkish signals from China, EU woes

Commodities slid across the board on Wednesday on fresh signals from China that it will soon raise rates with lingering Euro area debt woes also helping keep investors away from risky assets. Gold and silver traded near their 2-week lows while copper and platinum fell to their lowest since late September. Also, December and January crude fell to its lowest since Oct. 29.
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I can't convince Americans to buy gold: Cramer

Former hedge fund manager Jim Cramer said he can't convince Americans that their government's choice to get this economy moving again is to debase its currency, so [they] need another currency, namely gold.
U.S. President Barack Obama (left), South Korean President Lee Myung-bak (center), and Canadian Prime Minister Stephen Harper sit during an awards presentation for small and medium sized businesses after the end of meetings at the G20 Seoul Summit on Nove

How to interpret G20?

How much was accomplished at the just-concluded G20 summit in Seoul, South Korea likely depends upon whom you are asking. While some observers feel the summit cannot really do anything to address the fundamental differences between diametrically opposed economies (see: U.S. vs. China), others feel that progress of any such summit has to be measured in slow, patient doses.
William C. Dudley, President and Chief Executive of the Federal Reserve Bank of New York

NY Fed chief downplays debt monetization label

William Dudley, president of the New York Federal Reserve, downplayed the charge that the Federal Reserve is monetizing U.S. government debt. The Fed is accused of doing so because it is engaged in quantitative easing.
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US stocks fall on overseas concerns, economic data

S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
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Top Pre-Market NASDAQ Losers (PWRD, NLST, CHNG, LLNW, APWR)

The top pre-market NASDAQ stock market losers are: Perfect World, Netlist, China Natural Gas, Limelight Networks, A-Power Energy Generation Systems, China Sunergy, Magic Software Enterprises, Joy Global, Power-One, and Randgold Resources.
Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

US stocks advance in early trade

Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
U.S. President Barack Obama (C) shakes hands with China's President Hu Jintao as they walk next to other world leaders during the family photo session at the G20 Summit in Seoul November 12, 2010.

Critics blast Obama's ineffectual waltz through Asia

President Barack Obama's 10-day Asian tour has been dubbed a failure by media owing to key failures in binding together the much-awaited free trade pact with South Korea and the inability to persuade a majority of the G-20 nations to support the U.S. position on current account imbalances.
Firefighters try to extinguish a fire at a building in Shanghai

Blaze kills 12 in Shanghai high-rise, dozens still trapped

At least 12 people have been killed and dozens more are awaiting rescue as a huge fire engulfed a high-rise residential building in Shanghai. Several residents including elderly citizens are believed to be trapped in the 28-storey building located in the Jing'an district. Reports in the Chinese media state that the witnesses have spoken of hearing loud explosions.

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