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Technology rout pushes Nasdaq to lowest close since 2014| Reuters

Feb 06, 2016 at 04:45 | Source: FirstPost

The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014.Many stocks that had led on the way up in 2015 led the wa...

Wall Street extends selloff after jobs data; tech stocks slump| Reuters

Feb 06, 2016 at 00:45 | Source: FirstPost

Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak ...

Wall St falls sharply after jobs data; tech stocks hit| Reuters

Feb 05, 2016 at 23:45 | Source: FirstPost

Wall Street was sharply lower on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts.Nonfarm payrolls i...

World food prices start 2016 at near seven-year low| Reuters

Feb 05, 2016 at 03:15 | Source: FirstPost

ROME World food prices fell to near a seven-year low in January, weighed down by declines for agricultural commodities, particularly sugar, the United Nations food agency said on Thursday.Food prices have fallen for four straight years and remain und...

Gold hits three-month peak as U.S. rate rise views ease| Reuters

Feb 05, 2016 at 01:30 | Source: FirstPost

LONDON Gold built on the previous day's gains on Thursday, edging to a three-month high as global economic and financial headwinds continue to present obstacles to a U.S. interest rate rise in the near term.Commodities rallied across the board on Wed...

Too soon for gold bulls to start pawing the ground?| Reuters

Feb 05, 2016 at 00:30 | Source: FirstPost

LONDON Gold bulls are starting to rear their heads with the price of the precious metal hitting three-month highs, but their optimism could be premature due to uncertainty over U.S. interest rates.Spot gold hit $1,155.30 an ounce on Thursday, its hig...

Gold sticks near three-month high as risk aversion in play| Reuters

Feb 03, 2016 at 07:15 | Source: FirstPost

MANILA Gold stabilised near a three-month top early on Wednesday, its safe-haven appeal kept intact by concerns over a wobbly global economy that has put share markets under pressure.FUNDAMENTALS* Spot gold XAU= was off 0.2 percent at $1,127.07 an ou...

Gold hits three-month top on shaky global economy| Reuters

Feb 02, 2016 at 07:15 | Source: FirstPost

MANILA Gold edged up to a three-month high early on Tuesday as weak global manufacturing surveys soured appetite for risky assets and pushed investors toward safe havens. FUNDAMENTALS* Spot gold XAU= was little changed at $1,128.80 an ounce by 0028 G...

Dollar weakens on views of dovish Fed after BoJ move, weak data| Reuters

Feb 02, 2016 at 02:30 | Source: FirstPost

NEW YORK The U.S. dollar fell against a basket of major currencies on Monday on the view that the Federal Reserve would not be able to hike interest rates as quickly as forecast this year given weak U.S. economic data and continued easing from the Ba...

Gold claws its way higher on weak factory data in China, Europe| Reuters

Feb 02, 2016 at 00:30 | Source: FirstPost

LONDON Gold edged higher on Monday, extending its recent rally on worries about global economic growth and hopes for easier monetary policy after weak factory data in Asia and Europe.China's official measure of manufacturing in January fell to the lo...

Wall St lower on weak China data, fall in oil prices| Reuters

Feb 01, 2016 at 23:45 | Source: FirstPost

U.S. stocks were lower on Monday as weak Chinese economic data exacerbated concerns about a global slowdown and oil prices resumed their slide.The data from China showed that the world's second-largest economy's manufacturing sector contracted in Jan...

Stocks retreat after grim China data, oil plummets| Reuters

Feb 01, 2016 at 23:30 | Source: FirstPost

NEW YORK Global markets got February off to a cautious start on Monday following a rocky January, with stocks and oil falling in the wake of weak manufacturing reports around the world. U.S. and European stocks fell, after disappointing euro zone ...

Wall Street drops as weak Chinese data points to slowdown| Reuters

Feb 01, 2016 at 23:15 | Source: FirstPost

U.S. stocks pulled back on Monday as weak Chinese economic data exacerbated concerns about a global slowdown and oil prices resumed their slide.The data from China showed that the world's second-largest economy's manufacturing sector contracted in Ja...

Wall Street slightly higher; biotechs cap gains| Reuters

Jan 28, 2016 at 23:45 | Source: FirstPost

Wall Street was slightly higher in volatile trading on Thursday as a decline in biotech stocks offset gains in energy shares.The Nasdaq biotech sector was down 3.5 percent, with Celgene's 4.8 percent fall weighing the most. Incyte's 11 percent drop ...

Dollar handles Fed with poise; kiwi ruffled by RBNZ| Reuters

Jan 28, 2016 at 05:15 | Source: FirstPost

SYDNEY The U.S. dollar turned mixed on Thursday after the Federal Reserve offered little in the way of surprises, in contrast to New Zealand's central bank, which flung open the doors to a cut in rates and clipped the kiwi in the process.The dollar i...

Wall Street turns red after Fed statement | Reuters

Jan 28, 2016 at 01:45 | Source: FirstPost

Wall Street erased gains and fell on Wednesday after the U.S. Federal Reserve failed to satisfy investors hoping for a stronger sign it might scale back future interest rate hikes.In a widely expected decision, the Fed kept interest rates unchanged a...

Wall Street set for first weekly gain of 2016 as oil soars| Reuters

Jan 23, 2016 at 00:45 | Source: FirstPost

Wall Street rallied on Friday, heading towards its first positive week of 2016, as a cold snap in the United States and Europe helped send oil prices surging for a second day.All 10 major S&P sectors were in the black, led by a 3.34 percent jump ...

Major currencies in limbo as China data looms large | Reuters

Jan 19, 2016 at 06:45 | Source: FirstPost

TOKYO Major currencies were on hold on Tuesday as investors readied for key Chinese economic data due in a few hours as worries about the global economic outlook deepen and oil prices show scant signs of life.The dollar stood at 117.38 yen JPY=, havi...

Fundamentals could resurface after wrenching sell-off| Reuters

Jan 16, 2016 at 14:30 | Source: FirstPost

NEW YORK The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.The current slide in stock prices, which on Friday briefly dragged the S&a...

Wall St Week Ahead: Fundamentals could resurface after wrenching sell-off| Reuters

Jan 16, 2016 at 09:45 | Source: FirstPost

NEW YORK The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.The current slide in stock prices, which on Friday briefly dragged the S&a...

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