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World markets subdued amid economic gloom
By PAN PYLAS
AP Business Writer
(AP:LONDON) World stocks were mixed Thursday amid light end of year trading as ongoing concerns about the global economy continued to offset any relief provided by this week’s decision by the U.S. Federal Reserve to cut interest rates to near zero percent.
On Wall Street, the Dow Jones industrial average rose 20.07 points, or 0.2 percent, to 8,844.41 while the broader Standard & Poor’s 500 index was up 1.88 points, or 0.2 percent, at 906.30.
In Europe, Britain’s FTSE-100 was down 0.5 percent at 4,304.39, while Germany’s DAX rose 0.8 percent to 4,745.77. The CAC-40 in France was…
18Dec2008 | INO | 0 comments | ContinuedDo Economic Reports and Corporate Profit Statements Point to a Worldwide Recession?
It’s beginning to sound like a broken record. In a nutshell, we already know that the economic data should be weak. We already know that the earnings reports should be disappointing. And because we already know all this, the information should be built into stock prices. The earnings releases should be soft. That much should already be known – and built into the markets.
Procter & Gamble Co. (PG), Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) highlight the list of companies announcing earnings. Remember, crude has plunged more than 50% since halfway through the past quarter and the energy releases will not…
27Oct2008 | Money Morning | Comments Off | ContinuedIMF Warns of Global Economic Slowdown
By Jennifer Yousfi
Money Morning
Global growth will slow to 3.7% in 2008, the International Monetary Fund announced yesterday (Wednesday), in its most recent World Economic Outlook.
There is also a 25% chance of a global recession should economic growth fall below 3% in 2008 or 2009.
The United States will largely be responsible for worldwide deceleration due to the steep correction in the U.S. housing market and continued fallout from the credit crisis, which started in the subprime sector and has spread throughout the financial system.
The IMF forecast the U.S. economy would slip into a recession in 2008, with only a slight…
10Apr2008 | Money Morning | Comments Off | ContinuedThe Recession Answer: Trickle down or trickle up
After more than eighteen months of doomsday predictions, the nation is just now getting around to planning for a recession. Some say it is too late. Others believe there are still hopes of eliminating a debilitating downward spiral.
On Thursday, our nation’s elected officials conducted a conference call and gathered around a virtual table to discuss the options. When it comes to keeping a multi-trillion dollar economy out of the hopper, the choices are often painful and limited.
Fed Chief Bernanke wants immediate relief. He wants cash in the hands of American consumers fast. An economy filled with cash-heavy consumers is…
18Jan2008 | Anonymous | Comments Off | Continued
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