Dollar and Stocks Open 2009 With Rise
Dollar and Stocks Open 2009 With Rise
Japan and China remained closed, and other markets observing truncated hours on first trading day of 2009.
Stocks climbed 4.6% in Hong Kong, 5.0% in Sri Lanka, 3.3% in South Korea, 2.0% in Malaysia, and 1.1% in Indonesia. Australia’s bourse edged 0.2% lower.
In Europe, stocks are trading higher by 3.0% […]
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 […]
Stocks Rise On GE News/Dollar Gains On The Yen
Stocks Rise On GE News/Dollar Gains On The Yen
Stock markets rose Tuesday morning, helped in part after industrial giant General Electric (GE) said its fourth quarter profit will be at the low end of its forecast and that it’s pulling back from the risky consumer mortgage business and reducing its dependence on commercial paper. The world’s […]