U.S. stocks rose on Tuesday as data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery, while a weak dollar boosted commodity prices.
Staples Inc reported third-quarter results that topped analyst estimates and forecast higher sales in the current quarter as trends improve at its North American retail business.
U.S. stocks rose on Tuesday as data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery, while a weak dollar boosted commodity prices.
The U.S. manufacturing sector expanded for the fourth consecutive month in November although the rate of growth slowed compared with October, the Institute for Supply Management reported today.
Citigroup said there are substantial risks facing U.S. bank stocks now, but in the near term these stocks can grind higher given a combination of the Federal Reserve's accommodative stance plus a modest recovery.
The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.
U.S. stocks rose on Tuesday, boosted by a run-up in the shares of natural resource companies, as economic data reinforced recovery hopes and U.S. dollar weakness lifted global commodity prices.
Holiday shoppers in the United States spent some $595 million online on Black Friday, up 11 percent from last year, with Amazon.com and Walmart.com the most visited sites, according to analytics firm comScore.
The Bank of Japan offered banks more short-term funds after an emergency meeting on Tuesday, relieving government pressure on the central bank to help avert another recession before upper house polls next year.
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.
Michael Jackson's death thrust the singer to the top of yahoo.com Internet searches in 2009, putting an end to Britney Spears' four-year reign and helping bump the President Barack Obama from the top 10 list.
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.
U.S. stock index futures rose on Tuesday as concerns over Dubai's debt problems eased and investors awaited a host of economic data, including pending home sales.
In Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.
News, details on corporate bond issues in the European markets on Tuesday:
The yen fell broadly on Tuesday after the Bank of Japan announced more monetary policy easing measures to fight deflation and help the ailing economy, while holding interest rates at 0.1 percent.
Dhanya SkariachanStaples Inc reported quarterly results that topped analyst estimates and forecast a sales rise in the current quarter as trends improve at its North American retail business.
U.S. stock index futures rose on Tuesday as concerns over Dubai's debt problems eased and investors awaited a host of economic data, including pending home sales.
Vivendi shares rose on Tuesday as hopes mounted that Europe's largest entertainment group was close to selling its stake in U.S. media group NBCU and getting cash to fund its growth plans.
Britain's top share index was up 1.7 percent at midday on Tuesday, with banks and miners topping the leader board as concerns abated over Dubai's debt problems.
U.S. stock index futures rose on Tuesday as concerns about Dubai's debt problems eased and investors awaited a host of economic data, including pending home sales.
U.S. stock index futures rose on Tuesday as concerns about Dubai's debt problems eased and investors awaited a host of economic data, including pending home sales.
The Bank of Japan offered banks more short-term funds after an emergency meeting on Tuesday, relieving government pressure on the central bank to help avert another recession before upper house polls next year.
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt, while the rulers of Abu Dhabi and Dubai talked up their economic strength
Debt in Dubai and the interplay of politics and IMF deals in Ukraine, Romania and Latvia provide the main political risks to regional emerging markets in December, while in Nigeria presidential health will be in focus.
Staples Inc reported quarterly results that topped analyst estimates and forecast a sales rise of 1 percent to 3 percent in the current quarter as trends improve at its North American retail business.
Euro zone unemployment remained stable at an 11-year high in October but September jobless numbers were higher than previously reported, showing the labour market has yet to feel the effects of nascent economic recovery.
Worries about Dubai's debt slipped away on financial markets on Tuesday, allowing stocks to put in solid gains and weakening low-yield assets such as the dollar.
U.S. stock index futures pointed to a higher open for equities, with investors waiting for a slew of economic data, including U.S. ISM figures for November and pending home sales numbers.
