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Euro Zone Woes Continue

admin — Wed, 02 Sep 2009 20:02:07 +0000

Despite reporting a smaller-than-expected second quarter economic contraction, the woes continue for the 16 countries that form the Euro Zone. The region’s unemployment rate rose to a seasonally adjusted rate of 9.5% (15.1 million people) in July. This is the worst monthly percentage figure the Euro Zone has seen in about 10 years.

Additionally, the unemployment rate across the 27-member European Union climbed to 9%, the highest level since 2005. Additionally, the story seems the same in Japan, where the unemployment rate hit a record 5.7% in July.

Overnight Market News – August 13, 2009

admin — Thu, 13 Aug 2009 11:07:47 +0000

US Federal Reserve Announces Plans to Ease Bond-Buying Program as it Sees Economy “Leveling Out”
Euro Zone Close to Recovery as Germany and France Emerge From Recession, Each Reporting Second Quarter Growth of 0.3%
Wal-Mart Stores Inc Reports Flat Second Quarter Earnings of USD 0.88 per Share, Beating Estimates of USD 0.85 per Share
US Home Foreclosure Filings Jump 7% in July from June Despite Government Efforts to Limit Pace of Activity
Brewer, Anheuser-Busch InBev Posts 13% Increase in Second Quarter Profit to USD 1.1B But Warns of Weakening Beer Demand for the Remainder of the Year
Crude Oil Stands at USD 70.16 per Barrel
Ethanol Stands at USD 1.65 per Gallon
Natural Gas Stands at USD 3.48 per British Thermal Unit (Btu)
Gold Stands at USD 950.70 per Troy Ounce
Dow Jones Industrial Average Rises 120.16 Points (1.30%)
London FTSE Index Rises 50.31 Points (1.07%)
Japan Nikkei Index Rises 82.19 Points (0.79%)
Hong Kong Hang Seng Index Rises 426.06 Points (2.08%)
Brazil Bovespa Index Rises 827.10 Points (1.48%)

Financial News Summary – May 29, 2009

admin — Sat, 30 May 2009 06:16:05 +0000

- US Economy Shrinks at 5.7% Rate in First Quarter
- Euro Zone Annual Inflation Drops to Zero in May
- Time Warner to Spin Off AOL
- US Durable Goods Orders Up, Jobless Claims Down