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Tag Archives: markets

Bank of England expected to lower growth forecasts

LONDON — The Bank of England is expected to lower its economic growth forecasts and raise its expectations for inflation next year when it publishes its quarterly report on the economy today. The bank’s anticipated revisions follow the change in government in Britain — the Conservative-led coalition that took power in May is implementing a series of spending cuts to ...

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Oil prices fall below $80 per barrel

SINGAPORE — Oil prices fell below $80 a barrel today in Asia as signs of slowing growth in China and falling stock markets undermined expectations that demand for crude will strengthen. Benchmark crude for September delivery was down 64 cents at $79.61 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract ...

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Stock futures edge up, but investors remain cautious

NEW YORK — Stock futures edged higher today, though caution remains ahead of two key jobs reports over the next two days. Analysts say unemployment remains the biggest hurdle to a stronger recovery, and traders avoided any big moves before the Labor Department’s two reports. The economy continues to grow, but the pace of the rebound has slowed in recent ...

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IMF and EU report 'remarkable' progress in Greece

ATHENS, Greece — Greece has made “remarkable” progress implementing an austerity program to tackle its debt crisis and is expected to receive the second installment of rescue loans next month, the IMF and EU said today. They warned, however, that the country still faces significant risks and challenges. Greece came to the brink of defaulting on its mountain of debt ...

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Stocks set for a modest fall on bad economic news

NEW YORK — Stocks were set for a modest fall today as caution persists about the health of the economy ahead of reports on private employment and the services industry. A report from payroll company ADP is expected to show private employers slightly ramped up hiring in July, while the Institute for Supply Management’s index on service sector activity is ...

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Stocks set to kick off month with big gain

NEW YORK — Stocks are set to kick off the new month with a big gain today after strong economic and earnings reports overseas added to hopes a global recovery is picking up pace. In the U.S. though, signs continue to point to a slowdown in growth. Investors will closely watch a key reading on the manufacturing sector due out ...

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Stock futures rise on good news from Europe

NEW YORK — Stock futures rose today following further signs that Europe’s economy is bouncing back faster than expected. Strong earnings worldwide gave European markets a lift ahead of earnings reports from many U.S. companies including Colgate-Palmolive, ExxonMobil Corp. and Motorola Inc. U.S. markets received a boost over the past couple of weeks because of largely better-than-expected earnings and hopeful ...

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European markets down, Asian markets up

LONDON — European stock markets traded in a narrow range today amid signs that the recent rally may be running out of steam due to worries about the U.S. economic recovery. Asian stocks closed sharply higher, however, on optimism over the region’s two leading economies, Japan and China. In Europe, the FTSE 100 index of leading British shares was down ...

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Stock futures trade on narrow margin

NEW YORK — Stock futures traded in a narrow range today as investors put a recent rally on pause and European markets reacted coolly to tests measuring the health of the continent’s banking system. European markets showed little movement as investors had their first chance to react to a series of tests to determine the health of the continent’s big ...

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European markets show little change

LONDON — European markets were little changed today even though the results of the stress tests into 91 EU banks have been met with a degree of skepticism — while the simulations gave a broadly positive view of the region’s financial sector, a number of analysts question their rigor. In Europe, the FTSE 100 index of leading British shares was ...

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