TAKE-A-LOOK: Stocks, oil rise on encouraging economic data
U.S. stocks and oil rose in tandem on Thursday as investors saw signs of a healing U.S. economy in economic data while gold futures jumped on inflation fears sparked by surging crude and swelling debt levels.
The U.S. dollar fell against the euro and commodity-linked currencies such as the Canadian and Australian dollars, weighed down by a rise in oil to almost $70 a barrel and higher gold prices.
U.S. government debt prices fell, meanwhile, as investors favored stocks over Treasuries on an upbeat outlook on banks and less-dire readings on weekly U.S. jobless claims. To read more, double-click on the square brackets below: ---------------------------------------------------------------- MARKET REPORTS: > GLOBAL MARKETS-Stocks, oil rise on encouraging economic data [ID:nN04355010] > MONEY MARKETS-Euro Libor edges up before ECB bond plans [ID:nL4212445] > EMERGING MARKETS-Economic recovery hopes lift stocks, forex [ID:nN04244472] > COMMODITIES-Markets rebound on US jobs data, Wall St gains [ID:nN04240558] MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > US jobless claims fall, productivity rises [ID:nN04201550] > Some US retailers sales fall by more than expected [ID:nN04110845] > US mortgage rates rise to highest level this year [ID:nN04209574] > US fiscal deficit nears $1 trillion in first 8 months of year[ID:nN04246727] > Obama administration cranks up drive for financial reform [ID:nN0491937] > US CFTC chief offers new rules on OTC markets and dealers [ID:nN04202808] > Canadian data show toll of economic downturn [ID:nN04234163] > ECB to buy covered bonds on primary, secondary markets [ID:nL41049624] > ECB holds rates, cuts growth forecasts, plans bond buying [ID:nL4386377] > Eurozone April retail sales rise for first time in 5 months [ID:nL41006596] > EU offers no quick fix for Latvia, markets nervous [ID:nL41029355] > Bank of England holds rates, keeps QE unchanged too [ID:nL41034886] > UK house prices up 2.6 pct in May, biggest rise snce 2002 [ID:nL4210746] > French FSI fund could invest $4 bln a year [ID:nL41052310] > No quick fix on Latvia IMF/EU deal, markets nervous [ID:nL41029355] > Russia central bank cuts rates for 3rd time in six weeks [ID:nL4243156] ANALYSIS RELATED TO THE GLOBAL ECONOMIC CRISIS > Tilt toward emerging markets to keep US dollar down [ID:nN04636207] > Rising interest rates may rein in world equity rally [ID:nL3140790] > Big investors in no hurry to quit stocks rally [ID:nL1159954] > Federal Reserve puzzled by US yield curve steepening [ID:nN29436188] > Can 'Government Motors' succeed where GM failed ? [ID:nN31400616] > Obama financial reform, yet unwritten, faces battles [ID:nN29554001] > Rising US bond yields may spark Credit Crisis II [ID:nN29511709] > Where would you put your money in a world without Triple-A [ID:nLR721400] > Rise in US Treasury yields may trigger more Fed buying [ID:nN28555634] > Rising oil prices may test US economy's "green shoots" [ID:nN27320515] FACTBOXES > By the numbers: China's dragon vs India's elephant [ID:nPEK145951] > The Federal Reserve's evolving liquidity toolkit [ID:nN19437787] > Major US financial regulation reform initiatives [ID:nN14510432] > Obama administration efforts to tackle financial crisis [ID:nN14509260] > US regulators propose regulating OTC derivatives [ID:nN13627181] > Summary of 19 US stress tested banks' capital plans [ID:nN11540406] > Full text ECB statement on rates, asset buying [ID:nECBTEXT] > Facts and figures from Obama's budget [ID:nN06299995] > TEXT-G7 communique-April 24 [ID:nN24515491] > World government actions to limit bank bad loan damage [ID:nLL193589] > Where has all the US bailout money gone ? [ID:nN0289041] > G20 summit final communique [ID:nL2577733] > US Treasury details toxic asset plan [ID:nLN437165]
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