Stock market investors hoping that adages and simplistic trading patterns offer a chance to make easy profits may have to dig a little deeper — and act faster — in an age of increasingly efficient markets. Analysts say that many trends like "Sell in May and Go Away" work only half the time, but this
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European equities rose in afternoon trade on Wednesday, gathering strength from positive U.S. stocks, as banks advanced after recent losses and miners followed firmer metals prices. At 1351 GMT, the FTSEurofirst 300 index of top European shares was 0.4 percent higher at 763.65 points after falling as low as 747.99 points earlier in the session.
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Britain's recession is far from over and will be much deeper than previously feared despite unprecedented stimulus measures from the Bank of England, a Reuters poll showed. Over 40 economists in the quarterly poll, taken April 1-8, forecast the UK economy would shrink 3.6 percent this year, according to the median estimate. That is considerably
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Sales of petroleum products were down in the first two months of the year in a possible sign of alower economic activity. During the period January – February 2009 the total sales of petroleum products recorded a decrease 12.6% compared with the corresponding period of the previous year. The total sales of petroleum products in
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The outlook for the Arabian Gulf real estate market for 2009 is negative, reflecting tightening access to funding, declining demand and a need to preserve cash, Moody's Investors Service said in a new report entitled "Arabian Gulf Real Estate Market Industry Outlook". "Although drivers of demand vary considerably among the Gulf Cooperation Council (GCC) countries,
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The U.S. economy is grim, and the Federal Reserve is "duty bound to apply every tool" to clean up the financial system and clear a path for a return to sustainable growth, Richard Fisher, president of the Dallas Fed, said on Wednesday. But he said monetary policy alone would not be enough to resuscitate the
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World stocks slipped for a third session in a row on Wednesday and government bonds and the low-yielding yen gained as poor earnings from U.S. aluminium group Alcoa sparked concerns about other corporates. U.S. stocks fell more than 2 percent on Tuesday even before Alcoa reported a second consecutive quarterly loss on falling demand and
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China's new, 850 billion yuan ($124.3 billion) health care reform plan aims to bring coverage to 200 million uninsured Chinese, but it still relies heavily on spending by cash-strapped local governments and may disappoint international companies eager to enter the Chinese market. The cost of health care is one of the biggest concerns for poor
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Japan prepared to unveil details of a $100 billion stimulus plan on Wednesday as it seeks to counter weak domestic demand and plunging exports, while aluminium producer Alcoa Inc kicked off the U.S. reporting season with a quarterly loss. Stock markets from New York to Tokyo and London fell on worries earnings from top companies
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U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as mounting fears over corporate results knocked down stock markets around the world. * After the closing bell on Tuesday, aluminum firm Alcoa (AA.N) kicked off the eagerly awaited earnings season, reporting a second consecutive quarterly loss on shrinking demand and
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