Oil prices staged a late-session rally Friday as credit markets loosened, but the gain only slightly tempered a month in which crude fell by the largest monthly percentage since the Nymex contracts began trading.
European shares rose for a third session as the French government’s decision to inject €10.5bn into its banking system lifted financials and offset volatility in other sectors
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The shares of French banks soared after the government said it would inject €10.5bn into the six biggest players in an effort to shore up their balance sheets
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German and French carmakers, which have asked the European Commission for €40bn in cheap loans, are eligible to tap their governments’ banking rescue plans, according to government officials
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Shares in Société Générale fell sharply for the second time in a week on concerns that France’s second largest bank might need to recapitalise. BNP Paribas and Natixis shares also fell
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Ericsson is planning for a “flattish” mobile network infrastructure market in 2009 and pointed to the prospect of increasing sales in developing countries being offset by a decline in the US and Europe
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The country is poised to announce a deal, led by the International Monetary Fund and supported by other central banks, to help stabilise its economy after its banking system collapsed
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An easing of strain in money markets, better-than-expected figures from Halliburton and testimony from Ben Bernanke helped Wall Street stocks begin the week in upbeat fashion
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Chip maker Texas Instruments warned that its fourth-quarter results would fall far short of expectations, in the latest sign that the economic crisis is hurting demand for everything from cell phones to industrial equipment
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Higher late payments and defaults amid rising unemployment and falling house prices hit credit card issuers including American Express, which reported a 24% drop in net income
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Until recently, fuel-efficient offerings from Japanese manufacturers have continued selling well as fuel prices have soared. But that relative advantage has receded quickly since the financial crisis entered its most turbulent phase in September
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Yahoo could reveal the first signs of an expected industry-wide slump in online display advertising in a third-quarter results announcement
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John Thain, Merrill Lynch chief executive, said thousands of employees would lose their jobs when the company is taken over by Bank of America
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Sage advice from Buffett but market timing is tricky. For those who are not as smart as him, humility is the best approach
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(CEP News) - Currency traders warn the rules might be turned upside down when the Bank of Canada unveils its interest rate decision on Tuesday.
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(CEP News) - Inter-bank lending rates in the United States continued to come down on Tuesday with the three-month lending rates according to the British Banker’s Association (LIBOR) falling to 3.83375% and overnight rates declining to 1.28125% adding further credence to a thawing of credit conditions in the region.
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(CEP News) - The loonie is currently selling off on Tuesday as markets price in a rate cut by the Bank of Canada, with its decision fast approaching at 9 a.m. EDT.
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(CEP News) - Ten-year Gilt futures contracts are down on Tuesday morning after rising significantly on the latest Confederation of British Industry (CBI) quarterly industrial trends survey earlier today.
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(CEP News) - A deterioration in the Confederation of British Industry (CBI) quarterly industrial trends indicator led a brief sell-off in the GBP/EUR on Tuesday morning.
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(CEP News) - Markets are currently pricing in the following probabilities for future interest rate moves as of the close on Monday:
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