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Wall St Week Ahead: Stimulus moves, profits to be focus
Jul 7th, 2012
NEW YORK (Reuters) - Wall Street has been running in circles for the past two months, and the pattern may continue despite the upcoming start of the earnings season. Quarterly report cards from blue-chips Alcoa and JPMorgan next week could fade into the background as traders jockey for position before key data from China and more central bank headlines next week. ... (Source: Reuters) -
By Angela Moon NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerate... [Full Article]
By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) - Japan's economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo Abe's aggressive monetary and fiscal stimulus. Thursday's Cabinet office data show... [Full Article]
TUNIS, Tunisia (AP) - Tunisia is taking a harder line on preaching by ultraconservative Muslim groups, a crackdown that has sparked demonstrations by rock-throwing protesters and ominous warnings of terrorist attacks to come. (Source: Associated Press)... [Full Article]
Exxon Mobil Corp. said earnings rose slightly in the first quarter as profits from chemicals production surged enough to offset declining production of oil and gas. Lower taxes also helped. The Irving, ... (Source: Associated Press)... [Full Article]
AYLESBURY, England (AP) - Financial leaders from the world's top seven developed economies are gathering in the U.K. to discuss how to shore up the global recovery just as the stimulus measures of one its members, Japan, has caused its currency to take a dramatic slide. (Source: Associated Press)... [Full Article]
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