Market Gawk

United States Market and Economy

June 14th, 2007

CME raises bid for CBOT

The Chicago Mercantile Exchange sweetened its $10 billion offer for the CBOT Thursday by adding a special dividend.

Original post by FeedZilla

June 14th, 2007

Stocks Rise After PPI

Stock pressed higher on Thursday morning in spite of a higher than expected reading of the Producer Price Index. Core inflation was in line with estimates but climbed near the Fed’s upper limit. Detroit’s Big Three will hold talks with the UAW in July to seek cost cuts.

Original post by FeedZilla

June 14th, 2007

UK retail sales rebound

UK retail sales picked up in May, after dipping the previous month, while the underlying trend remained firm, the Office for National Statistics said.

Original post by FeedZilla

June 14th, 2007

Treasury yields lose steam

Bond yields pared earlier gains Thursday after a tame inflation reading was in line with expectations. The dollar fell against the euro and gained versus the yen.

Original post by FeedZilla

June 14th, 2007

Centrica Heats Up On Gazprom Interest

British utility?s stock rises on analyst upgrade and speculation about a merger with the Russian gas firm.

Original post by FeedZilla

June 14th, 2007

S&P Picks and Pans: News Corp., Kellogg, DISH, Freddie Mac

Analyst opinions on stocks making headlines Thursday

Original post by FeedZilla

June 14th, 2007

Fat Chance For Sanofi

The FDA looks set to reject the European pharmaceutical group’s anti-obesity drug, sending shares tumbling.

Original post by FeedZilla

June 14th, 2007

European equities move sharply higher

Strength for European equities on Thursday, came thanks to overnight support from Wall Street, and after eurozone inflation data eased some concerns over interest rates, helping bond yields move lower.

Original post by FeedZilla

June 14th, 2007

Yen slumps to 4½-year low against dollar

The yen fell to a fresh four-and-a-half-year low against the yen on Thursday as calm returned returned to global assets markets.

Original post by FeedZilla

June 14th, 2007

Red Flag For Swiss Interest Rates

Central bank tightens monetary policy and indicates there is more to come.

Original post by FeedZilla