Forex School - Forex Learning » lower

AT&T could lower T-Mobile bid price if remedies grow: report

admin — Tue, 06 Sep 2011 12:41:13 +0000

Bangalore | Tue Sep 6, 2011 9:46pm EDT

Bangalore (Reuters) – AT&T Inc can lower the price it pays for T-Mobile USA Inc if the remedies requested by regulators become too expensive, a Bloomberg report said, citing three people with direct knowledge of the merger contract.

AT&T would be able to pay less than the deal’s original $39 billion value if regulators demand asset sales that surpass 20 percent of that figure, or about $7.8 billion, the report cited unnamed people as saying.

AT&T could walk away from the deal and pay the breakup fee if the concessions requested top 40 percent of that value, the report said.

On August 31, the U.S. government sued to block AT&T’s purchase of T-mobile citing concerns it would harm competition in the wireless prices and lead to higher prices.

Dallas-based AT&T agreed to compensate T-Mobile parent Deutsche Telekom AG (DTE) with $3 billion in cash, wireless spectrum and roaming agreements if the deal isn’t completed.

AT&T and Deutsche Telekom could not be immediately reached for a comment on the Bloomberg report.

(Reporting by Shravya Jain in Bangalore, editing by Bernard Orr)

Technology

Deals

Global Deals Review: 2011 Q2

Global Deals Review

Inflows Outflows

Related Quotes and News

Company

Price

SEC charges against Goldman send stocks lower and USDJPY lower in the process

admin — Sun, 18 Apr 2010 02:12:31 +0000

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
FXDD provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of futures results and FXDD specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

forex.fxdd.com

Asian stocks lower amid spike in China inflation (AP)

admin — Wed, 10 Mar 2010 19:10:55 +0000

’s weaker growth tempered confidence in the regional economic rebound.
Most markets were modestly higher in the first two hours of trading but reversed course as the latest figures raised doubts about the outlook for major economies.
fell below $82 a barrel amid signs of tepid U.S. crude demand and the dollar lost ground against the yen while rising slightly versus the euro.
China’s inflation rate jumped to 2.7 percent in February over a year earlier from 1.5 percent in January, adding to pressure on Beijing to prevent overheating without derailing recovery.
Japan, meanwhile, cut its reading of fourth quarter growth to an annualized 3.8 percent from the initial estimate of 4.6 percent. That underscored the patchy recovery in the world’s No. 2 economy.
In Australia too, there was a break in the recent slew of positive economic news. The
edged up slightly to 5.3 percent in February, the first rise since peaking at 5.8 percent last October.
stock average was up 88.91 points, or 0.9 percent, to 10,653.70 while
lost 74.07, or 0.4 percent, to 21,134.22.
South Korea’s Kospi was off 0.2 percent at 1,659.35 and China’s Shanghai benchmark slipped 0.1 percent to 3,047.92.
Elsewhere, Australia’s index fell 0.1 percent and Singapore’s market also shed 0.1 percent. India’s Sensex added 0.1 percent.
Oil prices were lower in Asia. Benchmark crude for April delivery was down 51 cents to $81.58 a barrel in
. The contract rose 60 cents to settle at $82.09 on Wednesday.
In currencies, the dollar fell to 90.37 yen from 90.49 yen. The euro fell to $1.3646 from $1.3654.

us.rd.yahoo.com

Stocks pull out of slump but end week lower (AP)

admin — Sat, 06 Feb 2010 22:32:47 +0000

Friday but still posted its fourth straight weekly drop.
, down nearly 170 points in afternoon trading, clawed their way back to finish with a gain of 10. But more stocks fell than rose on the
as investors contended with another series of troubling signals about the global economy.
Investors are concerned that European governments will have trouble getting their massive deficits under control. The
, meanwhile, offered only modest hope of improvement in the jobs market in its closely watched monthly report.
“Clearly we’ve entered the worry, fear camp,” said Rob Lutts, president and chief investment office at Cabot Money Management. “It’s a very fragile investor psychology today. It doesn’t take much … to send them running for the hills.”
The late-day comeback appeared to be partly due to the Federal Reserve’s announcement that consumers borrowed less for an 11th straight month in December. But the drop of $1.8 billion was far less than the decrease of $9 billion analysts forecast. That fueled hopes that consumer spending will increase.
But for the second straight day, there was unsettling economic news. On Thursday, the Dow fell 268 on growing worries about the global economy.
U.S. unemployment rate
unexpectedly fell in January to 9.7 percent from 10 percent, the government reported. At the same time, however, employers cut 20,000 jobs, more than the gain of 5,000 economists predicted, according to Thomson Reuters. The two numbers are calculated from different surveys.
Timothy Speiss, head of
group, said the improving
was a good sign, but that investors are well aware that other problems exist in the world’s economies.
and other weak economies were falling behind in efforts to control their deficits.
Portugal’s opposition parties defeated a government austerity plan Friday and passed their own bill allowing the country’s autonomous regions to rack up more debt. That raised new questions about European countries’ ability to control their swollen
, which are undermining faith in the region’s euro currency. Greece and
are also grappling with massive deficits. Concerns about debt could make it harder for countries to maintain spending that would revive their economies.
“People were so relieved that things got better but now I think people are starting to think about the hospital bill,” said Karl Mills, chief investment officer at Jurika, Mills & Keifer LLC in Oakland, Calif., referring to the debt loads.
The concerns about European nations are adding to a pile of worries that also include China’s efforts to keep its growth in check and plans in Washington to restrict big banks.
The Dow rose 10.05, or 0.1 percent, to 10,012.23 after being down as much as 167 points.
For the week, the Dow lost 0.5 percent. The index hadn’t fallen for four straight weeks since July. The Dow is down 713 points, or 6.7 percent, since closing at a 15-month high of 10,725.43 on Jan. 19.
The broader Standard & Poor’s 500 index rose 3.08, or 0.3 percent, to 1,066.19 and ended down 0.7 percent for the week. The
hasn’t fallen four straight weeks since March.
rose 15.69, or 0.7 percent, to 2,141.12. It lost 0.3 percent for the week.
, where consolidated volume came to 6.5 billion shares compared with 5.9 billion Thursday.
The late-day turnaround may have been the result of a defensive move by short sellers, or investors who bet that a stock will fall in value, said Christian Bendixen, director of technical research at Bay Crest Partners in
.
When stocks turn higher, short sellers can be pressured to quickly unwind their positions to limit future losses. To do that, they have to buy shares, which can push the stock price up even more in what’s known as a ”
.”
“I think there was a little bit of a short squeeze,” Bendixen said. “People started getting nervous that the selloff was too quick. They went from extremely bullish to extremely bearish.”
Still, Bendixen said many investors dumped risky assets heading into the weekend amid worries about the global economy, including growing fears of a debt crisis in
.
“It almost feels a little bit like 2008 when no one wanted to hold risk over the weekend because you didn’t know what news would come out on Monday,” he said.
revised some of its past statistics lower, but analysts said there were some encouraging signs. The number of average hours worked and hourly pay both improved, as did the number of employers adding temporary workers. The hiring of temporary employees usually precedes companies adding permanent jobs during a recovery.
“Jobs may not be a plus yet,” said John Merrill, chief investment officer at Tanglewood
. But, he added: “the trend is unmistakable. It’s clearly positive.”
Demand for safer investments rose. The dollar climbed, while Treasury bond prices inched higher. The yield on the benchmark 10-year Treasury note, which moves opposite to its price, fell to 3.57 percent from 3.61 percent.
Gold fell. Oil dropped $1.95 to settle at $71.19 a barrel on the
.
of smaller companies rose 3.30, or 0.6 percent, to 592.98.
Overseas markets fell following the global rout the day before. Britain’s FTSE 100 lost 1.5 percent,
dropped 1.8 percent, and
’s CAC-40 tumbled 3.4 percent. Japan’s Nikkei stock average fell 2.9 percent.
AP Business Writer Stephenson Jacobs contributed to this story.
closed the week down 55.10, or 0.5 percent, at 10,012.23. The Standard & Poor’s 500 index fell 7.68, or 0.7 percent, to 1,066.19. The
fell 6.23, or 0.3 percent, to 2,141.12.
The Russell 2000 index, which tracks the performance of small company stocks, fell 3.06, or 0.5 percent, for the week to 598.98.
Dow Jones U.S
. Total
— which measures nearly all U.S.-based companies — ended at 10,900.29, down 90.82, or 0.8 percent.
(This version CORRECTS SUBS 7th graf bgng The U.S. … to correct that economists expected gain of 5,000 jobs. SUBS 28th graf bgng Overseas markets … to UPDATE DAX index close. SUBS 18th graf bgng About three … to UPDATE with consolidated trading. ADDS three grafs at end with index performance for the week. Stock prices are as of 4 p.m. Eastern Time.)

us.rd.yahoo.com

Disappointing tech forecasts drag stocks lower (AP)

admin — Thu, 28 Jan 2010 21:32:23 +0000

NEW YORK – The stock market resumed its slide Thursday as disappointing forecasts from technology companies brought new concerns about the economy.
. dragged the
lower. Drops in
. and
. also hurt tech stocks. The
fell almost 116 points, its sixth loss in nine days.
Amazon.com
Inc. and
., which posted improved earnings after the
. Their stocks rose in after-hours
.
that said it no longer considers Britain’s banking system among the “most stable and low-risk.” The report added to recent concern about rising debt levels in countries such as Greece and drove the dollar higher as investors sought safety. That sent some
lower, hurting materials stocks.
The tech forecasts and bank worries were yet more concerns for investors who have been focused on politics, not the economy. Stocks have been sliding as concern builds that a fragile economic recovery could be derailed by missteps in Washington. The questions have some analysts saying that a 10-month surge of 60.3 percent in the Standard & Poor’s 500 index isn’t warranted.
and restrict trading at large financial institutions spooked the market during the past week. The possibility that
wouldn’t be confirmed for a second term also had investors on edge, though those worries eased as the vote neared.
confirmed Bernanke for a second term as the market was closing. His first four-year term ends Sunday.
“Our full-contact politics is really beginning to affect the markets as it’s migrating into subjects that investors care deeply about, like who is our Fed chairman going to be,” said Lawrence Creatura,
at Federated Clover Investment Advisors. “That wasn’t uncertain two weeks ago.”
During his State of the Union address Wednesday, Obama avoided talking about the banking overhaul plan. Uncertainty over details of how that might be enacted are adding to investors’ jitters.
Concerns about the economy are also creeping back to the forefront. The Fed said Wednesday it would keep interest rates at historic lows and that the economy was showing signs of improvement. That helped stocks reverse a slide to end higher.
didn’t rise as fast as anticipated last month. The reports provided reminders that the economic recovery is likely to be slow.
The Dow fell 115.70, or 1.1 percent, to 10,120.46. The drop put the
of 10,000 back in investors’ sights. The Dow, which had been down as much as 181 points Thursday, hasn’t traded below 10,000 since Nov. 6.
The Standard & Poor’s 500 index fell 12.97, or 1.2 percent, to 1,084.53, while the
fell 42.41, or 1.9 percent, to 2,179.00.
The recent drop in stocks is worrisome for some analysts because Friday is the last trading day of January. Traders often note that as goes January, so goes the year. The so-called January barometer holds that the performance of the
in January is a predictor of how stocks will end the year. There have been only five major errors since 1950, for an accuracy rate of 91.5 percent, according to the Stock Trader’s Almanac.
The S&P 500 index is down 2.7 percent for January. It is down 5.7 percent since closing at a 15-month high last week. That is still short of a correction, which is generally defined as a drop of at least 10 percent.
Bond prices rose, pushing yields lower. The yield on the benchmark 10-year Treasury note fell to 3.64 percent from 3.66 percent late Wednesday.
The dollar rose against other major currencies, while gold fell.
Crude oil fell 3 cents to settle at $73.64 per barrel on the
.
Jason Weisberg, director of institutional trading at Seaport Securities Corp. in
, said the concerns about how Washington will change the rules for banks and steer the economy are overshadowing profit reports that are stronger.
“There is a disconnect between corporate earnings forecasts and guidance from those companies and the political environment,” Weisberg said.
He predicts that stocks will resume their climb as some of the political uncertainties dissipate.
Investors might not be drawing much cheer from improved forecasts but they are punishing companies that fall short.
Tech stocks slid after Qualcomm, which makes chips and other technologies used in cell phones, said it expects a “subdued” rebound in the economy and reduced its full-year sales forecast. The stock fell $6.72, or 14.2 percent, to $40.48.
Motorola slid 92 cents, or 12.4 percent, to $6.48 after its profit forecast fell short of expectations.
. fell $8.59, or 4.1 percent, to $199.29.
In economic news, new requests for unemployment benefits dropped by 8,000 last week to 470,000.
polled by Thomson Reuters expected a bigger decrease.
Meanwhile, orders to U.S. factories for big-ticket
rose less than expected in December, increasing 0.3 percent. Economists expected a 2 percent rise.
On Friday, the government releases its initial reading on fourth-quarter gross domestic product. Analysts predict that GDP, which measures the country’s economic output, likely rose at an annualized rate of 4.5 percent during the final three months of 2009.
, where consolidated volume came to 5.5 billion shares compared with 5.4 billion Wednesday.
of smaller companies fell 10.45, or 1.7 percent, to 607.93.
fell 1.4 percent,
dropped 1.8 percent, and
’s CAC-40 fell 1.9 percent. Earlier, Japan’s Nikkei stock average rose 1.6 percent.

us.rd.yahoo.com

Asian stocks lower after China’s economy surges (AP)

admin — Wed, 20 Jan 2010 16:08:00 +0000

dropped Thursday after China’s economy surged last quarter, adding to worries about Beijing’s ability to prevent overheating without derailing the recovery.
Major markets were down by less than 1 percent, following sharp losses on
.
rose while the dollar gained against the yen and euro.
, declaring itself the first country to recover from the global crisis, said its economy grew 10.7 percent in the fourth quarter and 8.7 percent for all of 2009, blowing away forecasts.
The dizzying growth, along with government figures showing inflation on the rise, means China is likely to take additional measures rein in bank lending and remove extra money from the system to help cool the economy.
Analysts said uncertainties about what precise steps China will take and when to keep its economy from overheating weighed on investors. Beijing’s policymakers have yet to telegraph clear plans for handling key challenges like asset bubbles, inflation and the country’s currency, analysts said.
“Investors are concerned about how China is going to deal with the situation. The bottom line is they don’t know what to expect and what the effects will be on the economy and the region,” said Thomas Lam, group chief economist at financial services firm OSK-DMG in Singapore.
fell 122.91 points, or 0.6 percent, to 21,163.26 and China’s Shanghai benchmark was off 14.71, or 0.5 percent, to 3,137.14.
Elsewhere, Taiwan’s index lost 1.3 percent and Australia’s stock measure was down 0.8 percent. Singapore’s market retreated 0.6 percent.
Bucking the region’s declines was Japan, where the
stock average rose 130.64, or 1.2 percent, to 10,868.16. South Korea’s Kospi was up 0.1 percent,
Disappointing corporate results in the U.S. contributed to a steep fall on
overnight.
The Dow fell 122.28, or 1.1 percent, to 10,603.15, its biggest point loss since Dec. 17 and its biggest percentage drop since Dec. 31. The Dow had been down as much as 208 points.
fell 12.19, or 1.1 percent, to 1,138.04, and the
fell 29.15, or 1.3 percent, to 2,291.25.
rose in Asia, with benchmark crude for March delivery adding 16 cents to $77.90 a barrel. The contract fell $1.58 to settle at $77.74 on Wednesday.
The February contract expired Wednesday, ending down $1.40 at $77.62.
The dollar strengthened to 91.64 yen from 92.22 yen. The euro was lower at $1.4088 from $1.4104.

us.rd.yahoo.com

Euro skids lower, China sags on loan curbs

admin — Wed, 20 Jan 2010 02:51:23 +0000

Euro skids lower, China sags on loan curbs
SYDNEY (Reuters) – The euro fell to a five-month low against the dollar on Wednesday as investors seized on Greece’s fiscal woes to drive the currency below key support, while shares in China were hit by reports of bank lending restrictions.
The latest move by the Chinese authorities to cool a rapidly growing economy was likely to temper any rise in European shares despite growing optimism there over the corporate earnings season.
Futures on the Dow Jones Euro Stoxx 50 index slipped 0.1 percent in early trade.
Beijing’s instructions that some major banks curb lending over the rest of the month also hurt commodity prices and currencies leveraged to global growth like the Australian dollar.
The euro’s lunge lower came after a break of big chart bulwarks between $1.4250 and $1.4200 tripped a host of automatic sell orders, pushing it over a cent to a low of $1.4166.
“There was no particular news behind the move,” said Sean Callow, a senior currency strategist at Westpac in Sydney.
“It was more that people just want to be bearish on the euro now and somebody took a swing at $1.4250, forcing a load of stop-loss sales,” he explained. “It’s not like investors are really excited about the U.S. dollar either.”
The euro has been worn down in recent weeks by worries over the fiscal health of Greece and took a fresh blow on Tuesday from a disappointing survey of German investor sentiment.
Its losses came across the board, hitting a five-month low on the British pound and a nine-year trough against the Australian dollar.
The latter fared less well on the U.S. currency as the news from China knocked it back over half a cent to $0.9163. Against a basket of currencies, the U.S. dollar firmed to a one-week high at 78.026, though it made little progress on the yen at 91.15.
Shares in China and Hong Kong fell after sources said the authorities had instructed some major banks to stop lending for the rest of January after they went on a lending binge early in the month.
The Shanghai Composite dropped 2.9 percent. The benchmark Hang Seng Index was down 2 percent, weighed down by big Chinese banks such as Bank of China, which fell 3.9 percent in Hong Kong and 1.7 percent in Shanghai.
Asian markets have been rattled in recent weeks by China’s gradual attempts to tighten policy, with an eye on reining in bank lending to stave off inflation. Chinese demand for commodities and other imported goods from its neighbors has provided a major boost to the region in the absence of a strong rebound in key Western markets.
Yet many analysts think the concerns overdone.
“It’s another sign the Chinese economy is running at full steam,” noted Ben Potter, an analyst at IG Markets in Sydney.
“Obviously attempts to slow it will be met by short term weakness but in the long run, this should be seen as a positive as it helps prevent the economy from overheating and asset bubbles from forming.”
The MSCI Asia-Pacific index excluding Japan eased 1.01 percent, while Thomson Reuters index of regional shares lost 0.4 percent. Japan’s Nikkei gave up early gains to drop 0.25 percent.
One star was Indonesia’s IDX Composite, which withstood the drop elsewhere in the region and was mostly unchanged in late trade. Early in the day the Jakarta bourse touched a three-year peak, extending a meteoric run that has seen it double in the past year.
“The stock market in Jakarta is usually influenced by commodities market trends in the world and now there’s belief the commodities markets will be strong this year because of the (global) economy’s recovery,” said Muhammad Al Fatih, technical analyst at BNI Securities in Jakarta.
Shares in U.S. health insurers and pharmaceutical companies were seen benefiting from the Republicans’ surprise win in a U.S. senate race that could hamper health reform.
Traders felt sentiment could also be supported by upbeat results from IBM after the bell on Tuesday.
Standard & Poor’s 500 futures index was off 0.3 percent in Asia.
Australia’s benchmark ASX index eked out a 0.2 percent gain, supported in part by record production figures from the country’s biggest miner, BHP.
BHP’s shares edged up 0.2 percent after the miner gave an upbeat outlook for commodity prices, citing insatiable demand from China.
Ironically, most commodity prices were under pressure on Wednesday from the rise in the U.S. dollar. Oil slipped 66 cents a barrel and gold slipped to $1,131.40.
Platinum broke the mold surging to a fresh 17-month high around $1,654, helped by the launch of a new U.S.-based exchange trade fund backed by the metal.

feeds.reuters.com

FTSE 100 finishes lower (AFP)

admin — Fri, 15 Jan 2010 00:32:15 +0000

LONDON (AFP) –
The leading stock exchange closed lower on Wednesday, as the US earnings season began on a weak note.
slumped 0.46 percent to 5,473.48 points
was the most traded stock, seeing 118 million units change hands, followed by telecom giant Vodafone, which saw 101 million shares switch owners.
topped the leader board, gaining 35 pence — or 2.68 percent — to finish at 1340.
, which added 0.82 pence — or 2.36 percent — to stand at 35.60.
, which lost 145 pence — or 2.80 percent — to close at 5035..
, which shed 16 pence — or 2.30 percent — to finish at 680.
Sterling traded mixed against the euro and the dollar.
At 17:18, the pound was trading at $1.6297, up from $1.6164 at Tuesday's close. Against the euro, the pound stood at 0.89047 euros, down from 0.89628 over the same period.

us.rd.yahoo.com

Weaker Alcoa results, China news drag stocks lower (AP)

admin — Tue, 12 Jan 2010 15:25:32 +0000

NEW YORK – Investors are suffering another bout of pessimism about the strength of the global economic recovery and the health of U.S. banks.
Stocks fell sharply Tuesday, sending the Standard & Poor’s 500 index down nearly 1 percent. Demand for the safety of
sent bond prices higher and interest rates lower, tightening the market barometer known as the yield curve.
. and moves by
to curtail growth raised questions about whether a 10-month surge in stocks can be sustained. At the same time, financial stocks slid on concerns the government would impose taxes on bailed out banks.
slid 11 percent after its earnings and revenue fell short of expectations. The aluminum producer is usually the first big U.S. company to report
, and investors look to its numbers for an early read on overall corporate earnings.
Alcoa’s report, which blamed weakness in aerospace, construction and
for the miss, weighed on energy and industrial stocks. The slide comes after
. warned late Monday that it expects
will hurt its earnings.
Concerns about the prospects for Alcoa and other companies that produce raw materials rose after China again tightened its monetary policy and raised the amount of money that banks must hold in reserve. The moves are aimed at keeping growth in the country from charging ahead too fast, but could also slow the pace of recovery in other countries and hurt companies that sell resources to the world’s most populous nation.
The selling extended beyond industrials. Traders sold bank shares on worries that Washington will impose a levy to recoup public money lent to financial companies in 2008 and 2009.
Jack Ablin, chief investment officer at Harris
in Chicago, said banks are getting mixed signals from Washington. Some were told to accept bailout money, then boost lending and now perhaps pay the government as they try to stabilize.
“If I were running a bank I’d feel like a pretzel being pulled in four different directions,” he said, adding that hefty requirements from the government could endanger the banks’ recovery.
fell 36.73, or 0.3 percent, to 10,627.26. The
fell 10.76, or 0.9 percent, to 1,136.22, after advancing for the first six days of the year for the first time since 1987. The
fell 30.10, or 1.3 percent, to 2,282.31.
. That pushed the yield on the 10-year Treasury note down to 3.72 percent from 3.82 percent late Monday. The yield curve, which is the difference between long-term and short-term yields, narrowed.
rose Monday as industrial stocks got a boost from a report that Chinese exports jumped 18 percent in December. That report and other signs of strengthening in
pushed the country to tighten its monetary policy.
Investors found other reasons to be cautious. Video game publisher Electronic Arts Inc. said it did not see a rebound in sales during the most recent quarter. It slashed its full-year earnings forecast after the market closed Monday, saying weakness in game sales didn’t ease during the holidays.
fell $1.93, or 11.1 percent, to $15.52, posting the biggest drop among the 30 stocks that make up the
.
slid $1.42, or 7.8 percent, to $16.85.
fell 47 cents, or 0.6 percent, to $80.41.
., the maker construction and mining equipment, fell $1.89, or 3 percent, to $62.24 after gaining 6.3 percent Monday.
Among financials,
. fell 57 cents, or 3.4 percent, to $16.36. Regulators filed suit against the company contending that the bank didn’t disclose big losses at
in September 2008.
Stephen Carl, head of
, said the early
are raising questions about whether companies have reached the limits of how much cost-cutting they can do.
“Now you’ve got to look for revenues to grow profits and I don’t know if they’re there,” Carl said.
The nervous sentiment in the market was reflected in a spike in the Chicago Board Options Exchange’s Volatility Index, which rose 4 percent after falling in the past week. A rise in the VIX, known as the market’s fear index, is a sign that investors expect bigger swings in stocks.
The dollar and gold both slipped.
Oil fell $1.73 to settle at $80.79 per barrel on the
.
of smaller companies fell 8.49, or 1.3 percent, to 635.50.
, where consolidated volume came to 4.76 billion shares compared with 4.3 billion Monday.
Britain’s FTSE 100 fell 0.7 percent,
dropped 1.6 percent, and
’s CAC-40 lost 1.1 percent. Japan’s Nikkei stock average rose 0.8 percent.

us.rd.yahoo.com

The Dollar continued to trade lower following Fridays disappointing non-farm payroll figures

admin — Tue, 12 Jan 2010 06:53:20 +0000

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
. Please read our
.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
2010 “FXstreet.com. The Forex Market” All Rights Reserved.

fxstreet.com