Market Gawk

United States Market and Economy

May 18th, 2007

Europe at 6-1/2 year high

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Original post by FeedZilla

May 18th, 2007

One word for bulls: Plastics

Reports of a pending deal involving corporate bellwether General Electric, coupled with some good earnings reports could get the bulls back on track in trading Friday.

Original post by FeedZilla

May 18th, 2007

Will Big Flicks Spark Movie Stocks?

A slate of franchise summer blockbusters like Spider-Man, Shrek, and Pirates could spell boom or bust for media giants

Original post by FeedZilla

May 18th, 2007

Australian Stocks Shed 53.4 Points (AP)

Australian stocks dipped Friday, dragged down by resource sector after base metals fell in London overnight, including copper, which hit a six-week low.

Original post by FeedZilla

May 18th, 2007

Art of the Deal

A rally beckoned as GE garnered a nice price for its plastics unit from the Saudis, while Microsoft paid dearly to keep up with Google. Even Trump found some prospective buyers. Upgrades lifted Intel and Verizon. Intuit, Kohl’s and Nordstrom reported strong results.

Original post by FeedZilla

May 18th, 2007

Bonds slip on wary outlook

Treasurys slipped Friday morning as traders expectations were lowered that the Federal Reserve will cut interest rates later this year.

Original post by FeedZilla

May 18th, 2007

Dow flirts with new record

Blue chip stocks gained Friday morning, with the Dow industrials briefly hitting a trading record as investors welcomed possible deals involving components General Electric and Microsoft.

Original post by FeedZilla

May 18th, 2007

Brent crude eases below $70 a barrel

Brent crude futures eased back under $70 a barrel on Friday after closing above this key level for the first time in eight months in the previous session.

Original post by FeedZilla

May 18th, 2007

British Pound And FTSE Seek Their Former Glory Via Retail Sales (Daily FX)

Retail Sales Retail Sales Expected: 0.6% Expected: 4.7% Previous: 0.3% Previous: 4.8%

Original post by FeedZilla

May 18th, 2007

General Electric near plastics sale to Sabic or Basell: report

SAN FRANCISCO (MarketWatch) — General Electric Co. is close to picking a winning bidder for its plastics division in a sale that could total $11 billion, with Saudi Arabia’s Sabic and Dutch chemicals maker Basell in the lead, said a report published late Thursday.

Original post by FeedZilla