By Louise Armitstead 8:02PM BST 05 Sep 2011 The German stock market plunged to its lowest level for two years – shedding 5pc of its total value in one day – amid fears of the apparent impotence of European leaders in the face of the debt crisis. The DAX tumbled 5.3pc to 5,246.18, leading a [...]
Read MoreStocks Cheap But Not Cheerful
By: Reuters After a rollercoaster week in risk-averse markets, world stocks are looking decidedly cheap — but can that convince investors to pile back in? Valuations have fallen steeply as the benchmark MSCI world equity index has hit 11-month lows, losing 15 percent in less than a fortnight. The index has slipped into a bear [...]
Read More$50 Billion Goes to Money Market Funds
By: Richard Milne & Robin Wigglesworth, Financial Times One of the most volatile weeks in market history sparked a bigger flight to safety than the collapse of Lehman Brothers as global investors parked a record $50 billion in money market funds this week, yanking money out of bonds and shares. Money markets attracted net inflows [...]
Read MoreInvestors Could Be in for More Stock Market Vertigo in Week Ahead
By: Patti Domm CNBC Executive News Editor Stocks had one of their most volatile weeks ever. The Dow Jones Industrial Average [.DJI 11269.02 125.71 (+1.13%) ] racked up four stomach-churning, 400-plus point moves, heading first sharply lower, then higher, then lower, and finally higher again. By Friday, stock market turbulence slowed, and the Dow gained [...]
Read MoreAsian Stocks Rise on U.S. Retail, Japan GDP
By Shani Raja and Toshiro Hasegawa – Aug 14, 2011 5:52 PM PT Toyota Motor Corp., the largest carmaker by market value, climbed 2.1 percent in Tokyo. Photographer: Haruyoshi Yamaguchi/Bloomberg Aug. 15 (Bloomberg) — Catherine Yeung, investment director at Fidelity International, speaks about the outlook for Asian stocks. Yeung speaks with Susan Li on Bloomberg [...]
Read MoreEquity funds lose big, money markets gain
Friday, Aug 12, 2011 Reuters NEW YORK – Investors pulled a net $14.4 billion (S$17.4 billion) out of US-domiciled equity funds in the week ended Aug. 10, the biggest wave of net redemptions since late May of last year, data from Lipper showed on Thursday. Cash moved into money market funds to the tune of [...]
Read MoreUS markets fall sharply, Dow down more than 450
Stocks fall as US investors join global sell-off after S&P downgrade; Dow down 450 points Companies:Bank of America CorporationMoody’s Corp.Newmont Mining Corp. Topics:Stocks Traders work on the floor of the New York Stock Exchange on Monday, Aug. 8, 2011 in New York. (AP Photo/Jin Lee) Related Quotes Symbol Price Change BAC 6.70 -1.47 MCO 30.11 [...]
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