Budget 2010 seen as market neutral


Budget 2010 seen as market neutral

KUALA LUMPUR: Stock picking will be the order of the day in the next few trading days as investors seek to digest the implications of Budget 2010 which was announced last Friday as well as attempt to determine the beneficiaries of the government’s proposals, or otherwise. (2 hours ago)

Dollar climbs ahead of ECB, BoE rate decisions

The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. (21 mins ago)

NewsWatch: Stocks turn to jobs woes, as new quarter starts

The stock market will start the coming week on edge about news from the job market, as investors turn to a new month and a new quarter seeking clues on whether the huge rally in stocks has gotten ahead of itself. (37 mins ago)

Drop in home sales, tumbling oil weigh on stocks

A surprising decline in home sales and another sharp drop in oil prices are driving investors to sell stocks. (15 mins ago)

Steady As You Go

Although consumers react positively to a 25% off sale on apparel or sporting goods, the same shoppers flee when the market is on sale. Mike Flower of Financial Principles, LLC explains, “When the market climbs, investors perceive their only risk as not investing fast enough to benefit from certain gains. (1 hour ago)

What Wall Street’s Strong Quarter Really Means

While a double-digit gain in stocks would be commonly celebrated, traders and investors said this quarter’s rally was more about the market no longer fearing that the U.S. banks were in danger of failing than a true economic recovery. (2 mins ago)

NewsWatch: Stocks turn to jobs as first half draws to close

U.S. stocks face a busy schedule of economic reports packed into four days next week because of the July 4th holiday, with the key June employment report, and manufacturing and housing data keeping investors edgy as the first half of the year concludes. (50 mins ago)

Ca-business Summary

TORONTO – Toronto’s main stock index sank more than 4 percent on Monday to its lowest level in more than a month as falling commodity prices hit the resource-heavy TSX just after investors had thought the worst was over. (2 mins ago)

NewsWatch: U.S. and China optimism lifts stock futures

Stock futures point to a strong start as investors go back into equities and commodities on confidence surrounding prospects for further recovery in the U.S. and Chinese economies. (2 hours ago)

Securities regulator Schapiro pursues aggressive agenda

Mary L. Schapiro has been in the job just a few months, but the Obama administration’s new top securities regulator already is pursuing an aggressive agenda that blends souped-up enforcement with new rules designed to give investors more power and advisers more responsibility. (4 mins to go)