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Investors were edgy Wednesday ahead of the appearance of U.S. Federal Reserve chairman Ben Bernanke before lawmakers in Congress.
From Yahoo! Finance: Top Stories Time May 22, 2013, 7:20 a.m. Votes 1 Up 1 Down 0
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Brent crude oil fell on Wednesday after an unexpected rise in US gasoline stockpiles reignited worries that the summer driving season's demand in the number one oil consuming nation may be weaker than anticipated. The commodity traded at $103.21 at 9:18 GMT on Wednesday morning. On Tuesday, the American Petroleum Institute released data that showed that US gasoline inventories jumped by 3 million barrels last week. The figures indicated that the nation is well supplied as it moves into the summer, which tends to be a peak driving season. However, the dollar fell from its 34 month high, which lent ...
From The Best of Benzinga Time May 22, 2013, 6:42 a.m. Votes 1 Up 1 Down 0
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U.S. stock market futures are pointing to a slightly firmer start for Wall Street on Wednesday ahead of key testimony by Federal Reserve Chairman Ben Bernanke, along with minutes of the latest Fed meeting and data that’s expected to show a jump in sales of existing homes.
From MarketWatch.com - Top Stories Time May 22, 2013, 6:03 a.m. Votes 1 Up 1 Down 0
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After last week's GDP data spelled disappointment for the eurozone, the common currency seems poised for another week of pressure as more economic indicators are set to be released in the coming days. The region's GDP data showed that France had joined the ranks of its southern peers and posted a contraction, while German data showed weak growth. The common currency began the week trading steadily at $1.28 on Monday morning as investors began to anticipate Thursday's release of preliminary estimates for purchasing managers' indices and a new German business confidence survey which is set to be released on Friday. ...
From The Best of Benzinga Time May 20, 2013, 6:28 a.m. Votes 1 Up 1 Down 0
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Brent crude oil traded steadily at $104.62 on Monday morning at 5:58 GMT as the commodity inched towards $105 on improving economic data and strong equity markets. However, a tepid demand outlook and market oversupply kept a lid on prices. Last week, the International Energy Agency forecast both waning oil demand growth and increasing supply which put pressure on Brent prices. At the moment, the markets are well supplied; and with most of the world's largest consumers struggling to kick start their economies, crude demand has shown no signs of improvement. Tension in the Middle East escalated over the weekend ...
From The Best of Benzinga Time May 20, 2013, 6:28 a.m. Votes 1 Up 1 Down 0
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European stock markets take a hint from an overnight rally in Asia and move higher on Monday, with banks extending gains from last week and Ryanair Holdings PLC jumping after a well-received earnings report.
From MarketWatch.com - Top Stories Time May 20, 2013, 4:08 a.m. Votes 1 Up 1 Down 0
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Gold futures are facing their eighth straight session of losses, as data show there’s been a rise in bearish bets on the precious metal, while silver futures are on track for their worst fall in a month.
From MarketWatch.com - Top Stories Time May 20, 2013, 3:05 a.m. Votes 1 Up 1 Down 0
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The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting. Much will depend ...
From Yahoo! Finance: Top Stories Time May 19, 2013, 11:30 p.m. Votes 1 Up 1 Down 0
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Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown ...
From Yahoo! Finance: Top Stories Time May 19, 2013, 11:30 p.m. Votes 1 Up 1 Down 0
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Fixed-income investors have been having a tough time of it. A global-central-banking push to lure investors into stocks and real estate has dragged yields on even the riskiest debt to record lows.
From MarketWatch.com - Top Stories Time May 17, 2013, 8:01 a.m. Votes 1 Up 1 Down 0
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