TOPWRAP 8-Some good signs in US economy, but investors cautious

Fri Apr 17, 2009 10:35pm BST
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(For full crisis coverage, double click on [nCRISIS])

* GE, Citigroup beat Q1 forecasts

* U.S. stocks end higher for sixth week, oil prices gain

* California unemployment hits record 11.2 percent

* Euro zone Feb trade data shows exports off 24 percent

* GM says bankruptcy more probable (Updates with US market close, adds Bernanke)

By Jackie Frank

WASHINGTON, April 17 (Reuters) - Bolstering hopes that the U.S. economy is stabilizing, Citigroup Inc (C.N: Quote, Profile, Research) and General Electric Co (GE.N: Quote, Profile, Research) on Friday posted better-than-expected results, and U.S. consumers reported more confidence, but the good news came packaged with warnings for the recovery.

Global stocks rose for a sixth straight week and oil prices rose above $50 a barrel on the upbeat mood of consumers and quarterly earnings. But the boost was tempered by caveats from both Citigroup -- worried about deteriorating consumer credit -- and GE -- worried about fallout from commercial real estate losses.  Continued...

 
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