InfoAnda - Anxiety over economic recovery weighs on stocks

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

RPT-UPDATE 1-Citibank Taiwan expects improved profit in 2010 | 30 November 2009
Pentagon eyes technology to increase efficiency | 20 August 2010
Hannah Montana, Mariah Carey hit U.S. singles chart | Entertainment | | 17 July 2009

Barenaked Ladies Guest Star In "Bachelorette" Episode | 5 June 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Anxiety over economic recovery weighs on stocks

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Anxiety over economic recovery weighs on stocks By SARA LEPRO,AP Business Writer AP - Thursday, July 9 NEW YORK - Investors can't shake their worries that the economy won't recover by the end of the year. Stocks finished mostly lower after zigzagging for much of the day Wednesday. A mixed outlook on the economy from the International Monetary Fund and falling commodity prices added to the downbeat mood. That tone could improve Thursday thanks to a narrower-than-expected loss from Alcoa Inc., which ushered in the second quarter earnings season after the closing bell Wednesday. The aluminum producer's shares rose 6 percent in after-hours trading. Traders also will also be watching retail sales figures coming out Thursday to see if slippage in consumer confidence translated into a weaker take at cash registers. Another tumble in oil prices dragged energy shares lower on Wednesday and reflected concerns that demand for resources will remain weak as the economy struggles. More stocks fell than rose on the New York Stock Exchange, but major indicators ended mixed. Stocks drew some support from a strong auction of 10-year Treasury notes. That helped allay one of the market's recent worries, that the government would have trouble finding enough buyers for the massive amount of debt it's issuing. Treasury's also benefited from safe-haven buying because of concerns about the economy. After sending stocks soaring this spring on the belief that the economy was turning around, investors have put their buying on hold since mid-June as several pieces of disappointing economic data eroded the case for a quick recovery. "There's nothing to get people to jump into the market," said Kurt Karl, chief U.S. economist at Swiss Re. "Nothing to get them excited." The Dow Jones industrials rose 14.81, or 0.2 percent, to 8,178.41. The broader Standard & Poor's 500 index fell 1.47, or 0.2 percent, to 879.56 and the Nasdaq composite index rose 1.00, or 0.1 percent, to 1,747.17. Both the Dow and S&P 500 hit levels not seen since May 1. The market has already digested the most recent batch of economic news, including worse-than-expected reports on employment and manufacturing, and is becoming anxious ahead of second-quarter earnings season and the forecasts from companies that are sure to be the next big test for stocks. Many analysts say a recovery is indeed on its way _ investors just need to be more realistic about its pace. "At least for the first year of the expansion we're likely to see quite anemic growth," said Avery Shenfeld, chief economist at CIBC World Markets. "The message is to be patient. The broader rise in equities that we've seen since the spring will eventually prove to be warranted." The IMF said Wednesday it expects the world economy to shrink by 1.4 percent in 2009, slightly worse than its earlier estimate of 1.3 percent. But it boosted its estimate for global economic growth in 2010 to 2.5 percent, up from its April projection of 1.9 percent. Meanwhile, oil prices fell for a sixth straight day, dropping $2.79 to settle at $60.14 a barrel, tumbling sharply from an eight-month high of $73 in just one week. The falling price of oil has contributed to selling on world exchanges over the past week. On Tuesday, the major U.S. indexes lost at least 2 percent, including the Dow, which fell 161 points. Both the Dow and the S&P 500 have shed 7 percent since their recent highs on June 12. Though the weak volume that has marked trading in recent weeks shows little conviction behind the selling, analysts say the market is at risk for a further pullback if it doesn't soon get the good news it's looking for. "This is a wave of realization," Karl said. "We were pretty excited there for awhile and things were just quite a bit ahead of the actual fundamentals of the economy." Analysts note that investors have been shifting money out of industries they had sent sharply higher this spring, like financials and energy, and moving into more defensive areas like health care and consumer staples. In other trading, the price of the benchmark 10-year Treasury note jumped about a point following the successful bond auction. That pushed its yield down sharply to 3.31 percent from 3.46 percent late Tuesday. That marks the lowest level for the 10-year yield since May 20. Treasury yields have softened in recent weeks after spiking in early June to an eight-month high of 4.01 percent. The drop in long-term yields since then is good for consumers because yields are closely tied to interest rates on mortgages and other consumer loans. The dollar mostly rose against other major currencies, while gold prices fell. About two stocks fell for every one that rose on the New York Stock Exchange, where consolidated volume came to 5.9 billion shares compared with 4.6 billion Tuesday. The Russell 2000 index of smaller companies fell 4.57, or 1 percent, to 479.68. Overseas, Britain's FTSE 100 index fell 1.1 percent, Germany's DAX lost 0.6 percent and France's CAC-40 fell 1.3 percent. Japan's Nikkei stock average fell 2.4 percent. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World G8 eyes climate and tradeReuters - Thursday, July 9 Massachusetts sues U.S. over gay marriage rightsReuters - Thursday, July 9 Poland reassured over US missile shield plans: ministerAFP - Thursday, July 9 Air France pilot union attacks safety bodies over Brazil crashAFP - Thursday, July 9 Brazilian delays slow Air France inquiryReuters - Thursday, July 9 Most Popular – World Viewed Jackson 'best father' ever, daughter tells the world Jackson mother relieved of estate on funeral eve Miniskirts, cleavage upset male SKoreans: survey World's oldest surviving Bible published online Grown-up Harry Potter stars at premiere of sixth film View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Thursday, 9 July 2009
Clinton sees more Iran sanctions if outreach fails
Spain's Sacyr wins bid to expand Panama Canal: official
IMF projects stronger 2010 recovery
Army feeble as murders surge in Mexico drug war city | International |
Two car bombs kill 14 people in northern Iraq | International |
One death penalty in first Saudi terror trials | International |
Mobs roam China's restive Urumqi
US missiles kill up to 48 in Pakistan Taliban hub: officials
West Japan Railway chief indicted over train disaster
Taiwan's opposition boycotts China forum
News Corp won't buy Twitter, won't sell MySpace | Technology |
Philippines, rebels may resume talks next month
Watchdog: FEMA still lacks housing plan
Mobile entertainment seeking players and payment | Technology |
Overnight downpour fails to fix Mumbai water woes
Thorny thief snips 100 rose blooms from Maine park
Violent protests in Indian Kashmir capital, '50 hurt'
Amazon cuts Kindle price to $299 | Technology |
14 US personnel treated for swine flu
Ex-defense contractor exec wants to plead guilty
Government Web sites attacked; NKorea suspected
Judge denies motion to fast-track GM sale appeal
Report: Probe found weaknesses in federal security
Important to talk to Iran, NKorea: Obama
Presidential records a time capsule of Bush years
McNair Girlfriend Felt Life "Spinning Out Of Control"
Senate hearing focuses on threats to wildlife
Blind Sailors Race In Boston Harbor
Medical First: 4 Hospitals, 8 Kidneys, 16 Surgeries
Google Developing New PC Operating System
Massachusetts Sues Over Federal Same-Sex Marriage Law
Biden: Hospitals To Give $155 Billion In Savings To Help Healthcare Overhaul
Poll Finds New York City Voters Favor Mayor Bloomberg, But Want Change
Richard Gere: Dog is hero in film about Japan tale
Test Reveals Security Breaches In Government Buildings; Bombs Smuggled Undetected
G8 spies economic danger signs as summit begins
Illegal Mexican Immigrants Sentenced For Abduction Of Fellow Drug Dealer
San Miguel takes stake in Philippines telecom outfit
SKorea, EU in final consultation on FTA: official
Ericsson inks $1.7 bln deals with Chinese firms
IMF raises Asia 2009 growth forecast
China says June bank lending doubles from May
Official: NKorea believed behind cyber attacks
Indonesia's Yudhoyono wins second term
40 years on, Paris shows 'A Man On the Moon'
In Jackson memorial, a new child star born?
U.S. Olympic Committee to launch TV network in 2010 | Entertainment |
France begins hearings on banning the burka
Adelson says Singapore casino opening delayed
Indonesians vote calmly in presidential election
Sons of Taliban drug addict show Pakistan challenges
Payoff ends custody battle over Knut the bear
Real recruits seen drawing more Asian tourists to Spain
First individual Chinese tourists visit Japan
Aussie among three hurt in Pamplona running of the bulls
Malaysia drops English for math, science classes
La Toya Jackson scene cut from 'Bruno'
French Senate adopts rejigged Internet piracy bill
US general cites shortage of Afghan forces
Air France pilot union attacks safety bodies over Brazil crash
China flexes muscles in strife-torn Xinjiang | International |
South Korea, U.S. Web sites down for 3rd day on attack
GM could exit bankruptcy very soon
UN: Rape, sexual violence growing in Afghanistan
Honduras rivals to talk, but no sign of concessions | International |
Sharp to raise LCD panel output capacity
Eight killed in Russian Caucasus violence: reports
IMF projects stronger 2010 recovery from global recession
Bombings kill at least 41 in Iraq | International |
Two car bombs kill 14 people in northern Iraq
Blast outside school in Afghanistan kills 15 | International |
Ireland to vote again on EU's Lisbon Treaty on Oct 2
Apps a nail in coffin of broadcast mobile TV
Twin car bombs kill 12 in Iraq
Iran won't back down one step in atom row | International |
Easter Island drug makes Methuselah mice
Data Domain accepts EMC takeover bid
Iraq car bombs kill 16
U.S. denies Israeli report of deal on settlements
CORRECTED: Amazon cuts Kindle price to $299
G8 sets Iran deadline for nuclear talks | International |
AT&T takes issue with antitrust criticism
Clerical discontent challenges Iran leader
Air France chief says reaction to crash was timely | International |
Amazon cuts Kindle price to 299 dollars
Colombia's Uribe backs hostage mediation | International |
UN: Israel must tear down West Bank barrier
U.N. rights experts stress Iran concerns, seek visit
Times Co. extends deadline for Boston Globe bids
Mobile entertainment seeking players and payment
Iraq group calls for further attacks on U.S. troops
Taiwan's women split over prostitution issue
News Corp won't buy Twitter, won't sell MySpace | Technology |
China flexes muscles in strife-torn Xinjiang
Google takes aim at Microsoft with new PC platform | Technology |
Rogers patient as Tour de France heads into Stage 6
Apps a nail in coffin of broadcast mobile TV | Technology |
Evans down, but not out at Tour de France
Firefighters Battling Brush Fire Near World Famous Getty Center Art Complex
Portland, Ore., street renamed Cesar Chavez Blvd.
Reports Find Bottled Water Less Tested Than Tap Water
AT&T takes issue with antitrust criticism | Technology |
Retiring US commander predicts easy Karzai win
1st Americans killed in Vietnam War are honored
US officials eye North Korea in cyber attack
Australian executive held on spy charge in China
More web attacks likely, North Korea suspected | Technology |
Schumer: Immigration bill to be ready by Labor Day
PROMISES, PROMISES: Politics shadow Obama's pledge
China tries new openness with foreign media
Sharp to raise LCD panel output capacity | Technology |
NKorea's Kim pays homage to late father in televised tribute
Obama names gene guru Francis Collins NIH chief
Anxiety over economic recovery weighs on stocks
Verdict reached in Jesse James Hollywood trial
Blagojevich aide pleads guilty in corruption case
Paris Hilton film trial rooted in Ponzi scheme
South Korea c.bank holds rates steady for 5th month
Taiwan dlr off 2-mth closing low as stocks rise
HIGHLIGHTS-South Korean central bank chief's comments
S.Korean T-bond futures jump ahead of rate vote
High school comedy "Beth Cooper" flunks out
Jackson doctor denies drug link after tributes
Seoul shares slip as techs, autos retreat
Indonesian president on track for re-election
Obama inauguration audience trumped Jackson memorial
Indonesia's president: a crooner and a general
Australian executive held on spy charge in China
Up to 74 Afghan migrants missing off Indonesia
Michael Jackson's family silent on burial plans | Entertainment |
AP newsroom is a setting for Drew Barrymore film
Q&A: Reality honcho Burnett dives into Shark Tank | Entertainment |
LA seeks ways to pass on cost for Jackson memorial
Scooby-Doo director takes on Smurfs movie | Entertainment |
Nielsen: 30.9 million watched Jackson memorial
Hope Davis to play Hillary Clinton | Entertainment |
Kate Gosselin to attend California women's forum
Robin Williams lined up for HBO comedy special
Award turns blind Japan pianist into music sensation | Entertainment |
`Transformers' hits $300 million mark in 14 days
Paris Hilton film trial rooted in Ponzi scheme
Dole sues Bananas documentary maker | Entertainment |
High school comedy Beth Cooper flunks out | Entertainment |
Dan Brown moves to Washington for new thriller | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01