Reuters – The euro slipped on Thursday ahead of a European Central Bank meeting that is expected to call a halt to its rate tightening cycle to support economies battered by a two-year-old sovereign debt crisis, while a stock rally ran out of steam.
September 8, 2011
Euro slips, stock rebound fades ahead of ECB (Reuters)
Asian stocks muted ahead of Obama jobs speech (AP)
AP – Asian stock markets struggled for direction Thursday as uncertainty about the health of the global economy kept investor enthusiasm in check ahead of President Barack Obama’s jobs speech.
Wall Street jumps as Europe debt concerns ease (Reuters)
Reuters – Wall Street bounced more than 2 percent on Wednesday, reversing three days of losses after Germany’s top court smoothed the way for Berlin’s participation in bailouts that could ease Europe’s debt crisis.
U.S. recovery still on ropes in late summer: Fed (Reuters)
Reuters – The sluggish U.S. recovery failed to gain speed in recent weeks and softened in some areas of the country, as volatile stock markets and sputtering factory activity weighed on growth, the Federal Reserve said on Wednesday.
Stocks surge after Germany upholds bailout plan (AP)
AP – A broad rally broke a three-day losing streak in the stock market Wednesday as fears about Europe’s debt crisis ebbed.
Summary Box: Stocks rally on German bailout ruling (AP)
AP – GOOD SIGNS: Stocks rose in early trading after a court backed Germany’s role in bailing out other European countries. Indexes rose more in the afternoon after a Federal Reserve survey showed that U.S. business conditions are improving.
How the major stock indexes fared Wednesday (AP)
AP – A broad stock rally broke a three-day losing streak on Wall Street. Stocks rose in early trading after a court backed Germany’s role in bailing out other EU countries. Indexes rose more in the afternoon after Italy approved a cost-cutting package and the Federal Reserve reported that U.S. business conditions are improving.
Analysis: Baby boomer fears cast another pall over markets (Reuters)
Reuters – Even as anxiety over policy inertia, banking and sovereign debt crises dominate the headlines, a long-festering concern over the impact of aging Western populations on stock markets is returning to add even greater gloom.
Groupon puts IPO on ice as SEC questions remain (Reuters)
Reuters – Groupon has put its IPO on hold for at least a few weeks, hoping to ride out global market turmoil while dealing with regulators’ questions surrounding its highly anticipated public float, two sources with knowledge of the deal said.
Treasury yields plunge as stock markets swoon (AP)
AP – Fears about the weakness in the U.S. economy and Europe’s financial crisis caused Treasury prices to rally on Tuesday, sending long-term interest rates lower. Traders dumped stocks in search of lower-risk investments.