World News Blog

Monday, October 13, 2008

World stocks rising after tough week

Asian and European markets moved up Monday apparently buoyed by coordinated international efforts to support the banking and financial system.

Early trading on Wall Street also saw markets moving up sharply. Later in the week earning reports and government economic indicators will be released.

Boston Globe
Asian markets move higher on latest crisis measures
Channel News Asia, Singapore - 9 hours ago
HONG KONG: Asian stock markets moved broadly higher Monday after a week of massive losses, as investors reacted with guarded optimism to international ...
Video: Asian Markets Tumble During Friday Trading AssociatedPress
Dow Jones surges on relief at global bank bailout Telegraph.co.uk
Mixed signals from Asian markets as governments save banksAsiaNews.it

AFP
Stocks rise sharply after vows of new bank capital
International Herald Tribune, France - 50 minutes ago
European markets saw even bigger gains, with the German DAX index rising 8.8 percent and the CAC 40 in Paris up 7.2 percent. London's FTSE-100 rose 4.8 ...
Global shares surge as governments pump billions into banks AFP
European markets rise on bank support plan RTT News
Markets Warm to Euro Bailout Plan Truthdig

Labels: asian markets, european markets, stock markets, world stocks

Friday, October 10, 2008

Coming week could bring new market jitters

After closing with a record point loss for the week, the US stock market may have new fears to contend with next week with earning reports expected.

October is a traditionally ominous as the stock market crashes of 1929 and 1987 both hit during this month. Financial and high tech companies will report their earnings next week.

There will also be inflation reports on Wednesday and Thursday. Declining oil and real estate prices might have depressed inflation, but we have to consider the sudden increase in money supply. Also, OPEC has called an emergency meeting in mid-November probably aimed at reducing oil production.

A number of other important economic indicators will be announced on Wednesday and Thursday.

Wall Street Braces For Earnings Season
Forbes, NY - Oct 6, 2008

Earnings season kicks off Tuesday with traditional leader Alcoa (nyse: AA - news - people ) reporting, along with fast-food conglomerate YUM! ...
Commodities Continue Slide; GE Trips South Of $20 Barron's Blogs
Anticipating The Alcoa Reaction; Disney Doubter Barron's Blogs