Philip Chua Business Blog

Posts Tagged ‘economic recovery’

Investors are turning more to options for protection after the latest data showing the frailty of the economic recovery, but they may find some comfort in Wall Street's "fear gauge."


Wall Street - Stock market - Business - Investing - Stocks and Bonds

The Canadian dollar was soft after the Bank of Canada today raised the benchmark interest rate by a quarter percentage to 0.75% as expected but warned of a slow down in domestic and global economic recovery. This relatively dovish statement, however, was not able to play down the market expectation

The dollar was mostly higher versus its counterparts on Friday but broadly lower for the week as worries on global economic recovery eased. This week the IMF upgraded its forecast for 2010 global GDP growth to 4.6% from 4.2% and the International Council of Shopping Centers said US retail sales

U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.



Business - United States - Investing - Stocks and Bonds - Equities

The dollar rose on Friday, supported by a Spanish credit-rating downgrade and increasing tensions on the Korean peninsula. US stocks, commodities and interest rates fell. Mixed US economic data added to the anxiety about the pace of the economic recovery. The S&P 500 fell 13.65 to 1,089.41 ahead of the

Federal Reserve Chairman Ben Bernanke is telling Congress that record-low interest rates are still needed to rev up the economic recovery.







Ben Bernanke – Chair of the Federal Reserve – Economic – Federal Reserve System – Government