FTSE rallies as financials continue recovery (FT.com) - Comments Off
FT.com - London equities made further progress on Friday, with strength in the resources sector and banks as investors took heart from reports of plans to help troubled subprime mortgage borrowers in the US.
Japanese stocks climb; dollar up vs. yen (AP) - Comments Off
AP - Japanese stocks rose Friday as exporters rallied on the yen's weakness against the dollar and banks climbed on news that the U.S. government was working on a policy to ease subprime woes.
AFP - Global stocks rallied on Friday after US media said President George W. Bush was set to launch a plan to nurse the ailing American housing sector.
Investor's Business Daily - Investors pumped $10.75 billion of new money into stock funds in July. But most of it went to world equity funds, while U.S. stocks saw outflow of $4.11 billion.
Global overview: Investors worry about liquidity (FT.com) - Comments Off
FT.com - US stocks failed to emulate solid gains across global markets as investors focused on worries about tight conditions in the money markets.
Wall Street struggles for direction (FT.com) - Comments Off
FT.com - Wall Street stocks struggled for direction on Thursday, finishing mixed as the market awaited further guidance from the US Federal Reserve.
Wall Street rallies on Bernanke pledge (FT.com) - Comments Off
FT.com - Wall Street stocks rallied strongly on Wednesday after Ben Bernanke offered reassurance that the Federal Reserve was "closely monitoring developments" in financial markets and was "prepared to act" if required.
Nasdaq higher as tech stocks prosper (FT.com) - Comments Off
FT.com - Wall Street stocks were mixed in afternoon trading on Thursday as technology shares prospered but the broader market struggled for direction as it awaited further direction from the US Federal Reserve.
Dollar gains amid anxious trading (AFP) - Comments Off
AFP - The dollar gained slightly against the euro on Thursday as more volatile trading on global stock markets helped underpin the US currency.
Wall St higher as tech stocks prosper (FT.com) - Comments Off
FT.com - Wall Street stocks moved higher in early trade on Thursday as technology shares prospered and the market awaited further direction from the US Federal Reserve.
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