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Wall St Week Ahead: Positive momentum in the face of headwinds
Aug 4th, 2012
NEW YORK (Reuters) - To borrow from "Star Wars," the Force is strong with this stock market. Despite a ho-hum earnings season and central banks' disappointing hopes for aggressive economic stimulus this week, U.S. stocks held firm. After four days of losses, the benchmark Standard & Poor's 500 index rallied on Friday, finishing the week in the positive for a fourth straight time and reaching three-month highs. Sustaining momentum are valuations that make stocks attractively priced relative to other assets. ... (Source: Reuters) -
By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks were set to open lower on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy. Futures briefly paired losses after data showed orders for long-lasting U.S. manufactured goods rose more than expecte... [Full Article]
NEW YORK (AP) - Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. (Source: Associated Press)... [Full Article]
By Khaled Yacoub Oweis and Ece Toksabay ISTANBUL (Reuters) - The Syrian opposition in exile met on Thursday to decide whether to attend a peace conference that the United States and Russia see as a crucial path to ending two years of civil war. Under international pressure to swiftly resolve internal divisions, the Syrian National Coalition began t... [Full Article]
Reuters Market Eye - The rupee opened at 55.61 and now at 55.57/58. The stock market may help firm up direction of the USD/INR pair. Dealers will watch for month-end importer demand, particularly from oil companies. The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei sha... [Full Article]
By Khaled Yacoub Oweis ISTANBUL (Reuters) - Syria's fractious opposition scrambled to agree a new leadership on Friday in a bid to present a coherent front at peace talks which the United States and Russia are convening to seek an end to more than two years of civil war. A major assault by President Bashar al-Assad's forces on a rebel hel... [Full Article]
(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source. O... [Full Article]
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