Stocks Rise On GMAC/Dollar Mostly Lower
Stocks Rise On GMAC/Dollar Mostly Lower
The U.S. Treasury announced late Monday it will commit $6 billion to support GMAC’s effort to become a bank holding company in an effort designed to increase the availability of financing for G.M.’s dealers and retail customers. The Fed has already approved the firm’s application.
The auto lender didn’t write a […]
Greenback Mostly Lower In Thin Trading
Greenback Mostly Lower In Thin Trading
The dollar was mostly lower in thin pre-holiday trading Tuesday. US consumer confidence dropped to a record low and home prices fell more than expected. The yen rose despite higher US stock prices. The GBP/USD traded as low as 1.4389, the lowest level since early 2002, following yesterday’s important break […]
Japanese Final GDP Lower Than Forecasted as Economy Slips Into Recession
Japanese Final GDP Lower Than Forecasted as Economy Slips Into Recession
Japanese Final GDP Actual -0.5 %, Expected -0.2%, Previous -0.1%
Release Explanation: It measures the monetary value of all goods and services produced within a Country’s borders in a specific time period. GDP is calculated on an annual basis, is the broadest measure of activity, […]