Stocks drift higher into long weekend - Yahoo Finance
Following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Favorable claims trend signals strong payrolls." Shepherdson said the report is consistent with his projection for nonfarm payrolls to jump 250,000 in August. That report is due out next Friday. 3. Pending home sales jumped 3.3% in July, rebounding after a 1.3% decline in June.
Stocks Reverse Early Losses on Strong Consumer Confidence, Chicago-Area Manufacturing Data - NASDAQ.com
The MSCI World Index , which tracks stocks from developed economies, is currently at 1,748, less than 1 percent off the record high of 1,765.77 points reached in July. But even if U.S. interest rates rise soon, they are likely to remain low enough for investors to keep up their search for yield, Steyaert said, to the benefit of asset classes such as real estate. Elke Speidel-Walz, the chief investment strategist at Deutsche Bank's asset and wealth management arm, also highlighted the tension over Ukraine as leading both to greater risk aversion and to as well as a misfiring economic recovery in Europe. "As recent macro indicators in the Eurozone have surprised on the weak side, this could lead to a new evaluation of the outlook for ongoing recovery in the Eurozone and hence impacting financial markets," Speidel-Walz said.
Ruble falls to record dollar low, stocks tumble - Yahoo News
The ruble also slid to 48.86 to the euro, from 48.43, but was still stronger than the record low set in March. The ruble's slide followed calls late Thursday by Western leaders including US President Barack Obama to impose new sanctions on Russia after signs its troops are fighting directly in Ukraine. An EU summit in Brussels on Saturday could decide on imposing even stronger sanctions. Russian President Vladmir Putin remained defiant, symbolically describing the insurgents fighting in eastern Ukraine as the defenders of Novorossiya, or New Russia, a Tsarist-era term for Moscow's former imperial holdings in the region that the Kremlin has revived since annexing Crimea. The downward trend for the ruble "might continue further if the geopolitical ground remains shaky," analysts at VTB Capital said.
ET. None of them is likely to have a strong impact on sentiment. Retailers have emerged as the clicking here strongest group in the last two weeks' rally, representing the first time since a terrible holiday season that they've led the broader market. Our researchLAB market scanner shows capital returning to other areas that outperformed earlier in the year but had lagged in recent months: biotechnology, energy, small-caps, and railroad suppliers (partially an energy play because they supply tanker cars). Metallurgic coal, basic metals, and Chinese Internet stocks have lagged.
European investors cut stocks, eyeing Fed moves, Ukraine tension - Yahoo News
The S&P 500 inched back over 2,000 while the Nasdaq Composite Index touched another 14-year high thanks to gains by Tesla ( TSLA ) and Apple ( AAPL ). The Dow Jones Industrial Average, however, is lagging the broader market with losses for component companies Wal-Mart ( WMT ) and McDonalds ( MCD ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com.