TAKE-A-LOOK: World stocks, oil turn lower on recovery doubts

Fri May 15, 2009 10:16pm BST
[-] Text [+]
  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.
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  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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