China's factories slowed a touch in January under the weight of monetary tightening, but input prices rose quickly, keeping the pressure on the government to tackle inflation despite easing growth.
Gold fell on Monday, notching its first monthly decline in six months, as strong U.S. factory and spending data coupled with fading worries about the euro zone debt crisis put a damper on the metal's rally.
Stocks rose on Monday on strong earnings and signs of a strengthening economic recovery, although a surge in the price of oil highlighted the increased political risk in the Middle East.
Stocks rose on Monday on healthy earnings and signs of a strengthening economy, even as a surge in the price of oil highlighted the potential for increased political risk in the Middle East to upset markets.
Factory activity in the U.S. Midwest hit a 22-1/2 year high in January as orders surged and employment prospects brightened, providing a fresh signal that the economy would stay on a solid growth path this year.
Exxon, IBM, Alcoa lead strong day for U.S. stocks
Reports are emerging that a Google executive has gone missing in Egypt.
The unrest rolling across in the Middle East will likely not spare Morocco, said a relative of King Mohammed VI in an interview published Monday.
Egypt is becoming a test case for the Internet going dark, with only one of its main service providers operating. But the lack of communications isn't stopping the protests.
With ongoing turmoil in Egypt, a friendly between the U.S. men's national team and Egypt scheduled for February 9 has been canceled.
Swirling turmoil in Egypt will likely spread to other regions of the world and may impart a negative effect on economic growth and contribute to higher consumer prices, according to Nouriel Roubini, chairman of Roubini Global Economics.
U.S. stocks edged higher on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.
A coalition of groups on Monday has called for a march of 1 million protesters in Cairo on Tuesday. It is unclear what the groups' agenda will be, although many of the protesters in the streets over the last several days have been calling for the resignation of President Hosni Mubarak.
U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
U.S> stocks, led by AMD and Exxon Mobil, are up slightly today
U.S. stocks were little changed on Monday as merger activity and solid earnings, including Exxon Mobil, offset concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
U.S. stocks rose on Monday on strong earnings and merger activity, overshadowing concerns about the possible spread of unrest in Egypt which had caused a sharp selloff in world stocks on Friday.
U.S. stock index futures were little changed on Monday as the potential for spreading geopolitical tremors in the Middle East caused investors to exercise caution.
