Tag: market news

Treasuries Close Modestly Higher But Well Off Best Levels

Posted on by The INO.com Team

Continuing to recover from last Friday's sell-off, treasuries saw modest strength during trading on Tuesday but ended the session well off their best levels of the day.

After moving to the upside in early trading, bond prices gave back some ground over the course of the afternoon but managed to end the day modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.2 basis points to 1.492 percent. Continue reading "Treasuries Close Modestly Higher But Well Off Best Levels" →

Stocks May Show A Lack Of Direction As Fed Meeting Begins

Posted on by The INO.com Team

(RTTNews) - With traders looking ahead to monetary policy decisions from both sides of the Atlantic, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 24 points.

Extending the trend seen in the previous session, many traders are likely to stay on the sidelines as the Federal Reserve begins a two-day monetary policy meeting. Continue reading "Stocks May Show A Lack Of Direction As Fed Meeting Begins" →

Stock indexes drift lower, ending a two-day rally

Posted on by The INO.com Team

A two-day rally that sent stocks soaring last week fizzled out Monday.

European leaders vowed Thursday and Friday to keep the continent's monetary union intact, and investors sent stock markets shooting higher. But stocks were little changed Monday as investors waited to see if they would back up their words with action. Continue reading "Stock indexes drift lower, ending a two-day rally" →

All eyes on ECB's Draghi to fight crisis

Posted on by The INO.com Team

European Central Bank president Mario Draghi has already taken Europe's monetary authority into uncharted territory.

Now, with the debt crisis in Europe threatening further disaster, he may have to push it even farther into the unknown to save the euro.

The 17 countries that use the euro are struggling as economies across the region face deepening recessions. Spain and Italy, the two chief trouble spots, are threatened with a financial collapse that could tear the 13-year old currency union apart and rock the global economy. Continue reading "All eyes on ECB's Draghi to fight crisis" →

US futures flat ahead of Geithner-Draghi meeting

Posted on by The INO.com Team

U.S. stock futures were flat Monday as Treasury Secretary Timothy Geithner headed to Europe, where the latest economic data suggested a tricky path to recovery.

Dow Jones industrial futures fell 20 points to 13,013 and the broader S&P futures gave up 3.4 points to 1,379.10. Nasdaq futures gained 2.75 points to 2,644.75. Continue reading "US futures flat ahead of Geithner-Draghi meeting" →