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Archive for February, 2013

Stocks advance, on track for third day of gains

U.S. stocks edged higher on Thursday, pointing to a third straight day of gains in the wake of some strong economic data, though a further advance may be limited with major averages near multi-year highs.


U.S. Fourth-Quarter GDP Growth Revised Upward; Initial Claims Fell Sharply in the Week Ending …

The second estimate of US fourth-quarter 2012 GDP growth was an increase of 0.1% at an annualized rate, which was slightly above the advance estimate of a decline of 0.1%. The overall 0.2 percentage point upward revision was more than accounted for by a smaller trade deficit that resulted in

Jobless claims hint at improving labor market

The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting some traction in the labor market recovery.

US economy expanded, barely, at end of 2012

The U.S. economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the government to scratch an earlier estimate that showed an economic contraction.The U.S. economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the government to scratch an earlier estimate that showed an economic contraction.





Market Recovery Underway for a Second Day

Some may argue that the markets are blind to the dangers that still exist in the world. The fundamental landscape is indeed bleak, but that hasn't stopped European stocks opening higher and GBPUSD rising to its highest level for a week. Interestingly, the euro has disbanded with its inverse correlation

EUR/USD – Under Pressure As Markets Remain Wary

EUR/USD remains under pressure, and has edged downwards, as it trades close to the 1.31 line. The markets continue to be nervous about the political crisis gripping Italy. With no clear winner in this week's parliamentary elections, there are fears that a prolonged deadlock could result in economic fallout in
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