By Jason Simpkins Managing Editor Money Morning Economic confidence in both the Eurozone and greater European Union (EU) hit a record low in December, adding to an already long list of challenges that face that region. And even though policymakers have an economic stimulus package in place, confusion over future fiscal policy lingers. The European […]
Archives for January 2009
January 2009 - Page 10 of 12 - Money Morning - Only the News You Can Profit From
India's Economy Standing Firm Amid the Growing Global Financial Crisis
[Editor's Note: This is the eleventh installment of our "Outlook 2009" series, which looks at the global investing outlook for the New Year.] By Mike Caggeso Associate Editor Money Morning In a surprise to many, India’s central bank has cut its base-lending rate four times since October, going from 9% to its current rate of […]
Global Investing Roundups
Emerging Market Funds Lose $48 Billion; Bank of America Sells China Bank Shares; Family Dollar Beats and Raises Forecasts; New CEO, Cost-Cutting at Orbitz; Russian Winter; Monsanto Reaps Profit; No Pain Means Gain for Sun; Oil Slides 12% More than $48 billion was withdrawn from emerging market funds in 2008, with the largest chucks of […]
If You Want a Forecast for China's Economy, Ask a Hairy Crab
By Keith Fitz-GeraldInvestment Director Money Morning/The Money Map Report This is the time of year in which many investors really start to study corporate earnings, jobless statistics and all sorts of other state data in an effort to divine what’s next for China. But I simply prefer to head for the Wan Chai Street Market […]
Oil Prices Could be Ready to Rally if History is Any Indication
By Jason Simpkins Associate EditorMoney Morning Last year's 54% drop in oil prices may have set the table for a rally similar to the one experienced in 1999, when prices doubled after a similar decline. The so-called "forward curve of futures contracts" traded on the New York Mercantile Exchange suggests prices will rise 28% this […]
Stocks Fall as ADP Report Says U.S. Shed 693,000 Jobs in December
By Don MillerContributing WriterMoney Morning The U.S. economy shed 693,000 jobs in December, a showing that was far worse than economists had expected and that may even have been the biggest monthly loss of jobs in more than 30 years, analysts said of a closely watched survey of business employment released yesterday (Tuesday). The monthly […]
Corporate Bankruptcies Will be a Key Investor Concern in the New Year
By Martin HutchinsonContributing EditorMoney Morning/The Money Map Report Investors are breathing a sigh of relief that 2008 is over, but they shouldn't get too comfortable. After all, with a worldwide recession under way, investors can expect acceleration in corporate bankruptcies in 2009. But the question is – which ones? In the financial services sector, 2008 […]
Global Investment News Roundup
Alcoa Cuts 13% of Workforce; Best Buy to Sell Used iPhones; Jobs' Statement Earns Apple Upgrade; India Exports Slowing Dramatically; Europe Inflation at 2-Year Low; U.S. Still Innovation Leader; Belarus to Secure IMF Aid Alcoa Inc. (AA) said late yesterday (Tuesday) that it will cut 13% of its global workforce. The company will also sell […]
China’s Red Dragon Turns Financial Crisis into Opportunity
[Editor's Note: This is the tenth installment of our "Outlook 2009" series, which looks at the global investing outlook for the New Year.] By Don Miller Contributing WriterMoney Morning The Chinese word for crisisis weiji. But get this – when translated literally, wei means danger and ji means opportunity. So to the Chinese, a crisis […]
Stock Market Gyrates as Reports Show Economy Deep in Recession
By Don Miller Contributing Writer Money Morning The stock market struggled to recover from a tumultuous 2008 yesterday (Tuesday) while digesting a trio of downbeat economic reports from the manufacturing, housing and service sectors. The reports included separate data on factory orders and pending home sales for November, as well as the Institute of Supply […]