World stocks fell and the euro retreated against the U.S. dollar on Friday
as weak results from General Electric Co and Bank of America Corp dimmed
confidence in a profit-driven economic recovery.
While the MSCI world equity index slipped about 0.9 percent on the day, stocks are near 12-month highs set in the previous trading session, and investors remained relatively upbeat on prospects for quarterly profits.
Oil gained,, capping a seven-day winning streak at its highest settlement price in a year.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS-Stocks fall on weak earnings, US dollar firms > MONEY MARKETS-Sterling Libor rises before BOE minutes > COMMODITIES-Oil hits fresh 2009 highs
ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > Sagging US consumer sentiment tempers recovery optimism > US budget deficit hits record $1.4 trln amid recession > US must learn to live within its means - Geithner > Bank of America posts Q3 loss on consumer credit woes > General Electric Q3 revenue and profits fall > Mexico holds rates, sees big economic rebound ahead > Eurozone exports dip in Aug, raise recovery worry > China central bank sees time limit to easy policy stance > US Treasury clears China on forex manipulation > Obama wins first financial reform victory in months
ANALYSES ON GLOBAL ECONOMIC AND MARKETS > US dollar weakness likely to persist next week > Risks to global equity rally > Output gaps seen keeping East Europe rates low into 2010 > Private equity muscles back with deals, IPOs > Exit strategy - US still has big problem to solve > Hedge funds still struggling to recover from 2008 > US inflation forecasts all over the map > New US accounting rules may derail consumer lending
FACTBOXES > Major US financial regulation reform proposals > Federal Reserve staff forecasts from Sept meeting > TEXT-G7 communique at Istanbul meeting on Oct 3 > SCORECARD: How is G20 doing on summit pledges > TEXT-Final G20 communique on financial regulation > TEXT-Final G20 communique on framework for economic growth > FSB progress report on G20 financial rules reform > TEXT-Federal Reserve statement after policy meeting Sept 23 > Potential Fed exit strategy tools > US bank failures in 2009 > US, European bank writedowns, credit losses > Where has all the US bailout money gone -
(New York Treasury Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
While the MSCI world equity index slipped about 0.9 percent on the day, stocks are near 12-month highs set in the previous trading session, and investors remained relatively upbeat on prospects for quarterly profits.
Oil gained,, capping a seven-day winning streak at its highest settlement price in a year.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS-Stocks fall on weak earnings, US dollar firms > MONEY MARKETS-Sterling Libor rises before BOE minutes > COMMODITIES-Oil hits fresh 2009 highs
ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > Sagging US consumer sentiment tempers recovery optimism > US budget deficit hits record $1.4 trln amid recession > US must learn to live within its means - Geithner > Bank of America posts Q3 loss on consumer credit woes > General Electric Q3 revenue and profits fall > Mexico holds rates, sees big economic rebound ahead > Eurozone exports dip in Aug, raise recovery worry > China central bank sees time limit to easy policy stance > US Treasury clears China on forex manipulation > Obama wins first financial reform victory in months
ANALYSES ON GLOBAL ECONOMIC AND MARKETS > US dollar weakness likely to persist next week > Risks to global equity rally > Output gaps seen keeping East Europe rates low into 2010 > Private equity muscles back with deals, IPOs > Exit strategy - US still has big problem to solve > Hedge funds still struggling to recover from 2008 > US inflation forecasts all over the map > New US accounting rules may derail consumer lending
FACTBOXES > Major US financial regulation reform proposals > Federal Reserve staff forecasts from Sept meeting > TEXT-G7 communique at Istanbul meeting on Oct 3 > SCORECARD: How is G20 doing on summit pledges > TEXT-Final G20 communique on financial regulation > TEXT-Final G20 communique on framework for economic growth > FSB progress report on G20 financial rules reform > TEXT-Federal Reserve statement after policy meeting Sept 23 > Potential Fed exit strategy tools > US bank failures in 2009 > US, European bank writedowns, credit losses > Where has all the US bailout money gone -
(New York Treasury Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.