TAKE-A-LOOK: World stocks, oil turn lower on recovery doubts
U.S. stocks and oil prices turned lower on Friday on resurgent worries following the recent rally in the face of economic data that still show a mixed picture of when economies will pull out of a deep global recession.
The U.S. dollar and yen rose as worries persisted about global prospects despite better-than-expected U.S. economic news, prompting investors to seek shelter in the two currencies.
Gold climbed to a six-week high after data showed U.S. core inflation rose more than expected in April, boosting the precious metal's appeal as a hedge against rising prices.
To read more, double-click on the square brackets below: ---------------------------------------------------------------- MARKET REPORTS: > GLOBAL MARKETS-Stocks, oil turn lower on recovery doubts [ID:nN15292625] > MONEY MARKETS-Rates fall, spreads tighten but lending sticky [ID:nLF128253] > EMERGING MARKETS-Latam stocks, currencies down on commodities[ID:nN15606564] > COMMODITIES-Economic woes end two week rally [ID:nN15343797] MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > US credit card defaults rise to new highs [ID:nN15282137] > US CPI, production data point to recession easing [ID:nN15177430] > Following Chrysler, GM cuts dealerships [ID:nN15384469] > Mexico central bank cuts rates by 75 bps [ID:nN15235774] > Canada factory sales drop unexpectedly in March [ID:nN15154382] > Europe GDP falls record 2.5 pct in first quarter [ID:nLF50071] > East Europe economies slump in first quarter, exports hit [ID:nLF943809] > Hong Kong Q1 economy shrinks record 4.3 pct [ID:nHKG183302] > Japan machinery orders slip, outlook weak [ID:nT14922] > Japan's Mizuho to issue $8.4 bln stock, after 3rd loss [ID:nT40961] ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS > Derivatives crackdown a boon for exchanges, bane for dealers [ID:nN13429092] > Wary Congress taking aim at Fed's regional structure [ID:nN12434554] > US banks issue bonds, but government backing the key [ID:nN08503151] > Big investors see sustained market recovery [ID:nLC722344] > US interventions may ultimately raise costs for US companies [ID:nN08510738] > Emerging market stocks rebound seems more than bear rally [ID:nLB156992] > Getting money flowing after the stress test [ID:nN08493678] > US banks race to issue debt but TARP exit still unclear [ID:nN08464037] > Rising US Treasury yields may force Fed wallet open wider [ID:nN08501567] FACTBOXES > Major US financial regulation reform initiatives [ID:nN14510432] > Obama administration efforts to tackle financial crisis [ID:nN14509260] > Federal Reserve purchases of US Treasury debt [ID:nN14488054] > 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] > Details of Chrysler bankruptcy, restructuring plan [ID:nN30323164] > 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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