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The better-than-expected showing from the country’s manufacturers in March helped strengthen expectations that the wider US economy enjoyed a stronger first quarter. On Wall Street, the Dow finished 0.4pc firmer at 13,264.50 for its highest close since December 2007. Meanwhile, the S&P 500 climbed 0.8pc to end at 1,419.04, its best close since May 2008. Investors took encouragement from the latest snapshot of manufacturing delivered by the Institute for Supply Management. Its [...] by ilene COULD OIL PRICES INTENSIFY A PENDING S&P500 SELLOFF? Courtesy of JW Jones Last week we received reports that the unemployment rate in the United States was improving markedly. In addition, sentiment numbers were released that confirmed my previous speculation that market participants were becoming more and more bullish as prices in the S&P 500 edged higher. The exact numbers that came in demonstrated that bullish sentiment had not reached current lofty levels [...] By Brett Arends, MarketWatch BOSTON — Get ready for 2012. Because if the markets around the world are to be believed, this is the year when something’s gotta give. Sorry to be gloomy at this festive time, but there it is. Will it be U.S. stocks? Could be. They are already trading at lofty levels. Shares are about 21 times average earnings for the past 10 years, says Yale economics [...] by David Pierre First off, this amount is basically a “ham sandwich” compared to what the real problem is. This $1.5 Trillion is over 10 YEARS so it amounts to a mere $120-150 Billion per year. To put this in perspective, we have already spent an additional $600 Billion+ in just over 3 months since the debt deal so the concept really is laughable. What is even more laughable will be when they they deadlock [...] Italian prime minister Silvio Berlusconi is planning to ask for a vote of confidence next week on reforms aimed at lowering the country’s debt. NEW YORK (CNNMoney) — Confusion about Greece’s referendum plans and its role in the eurozone sparked turmoil in the Italian bond market Thursday. The yield on the 10-year Italian bond rose to 6.4% overnight, the highest level since Italy joined the euro. Yields eased a bit on hopes thatGreece [...] |
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