Euro Falls From 12-Week High Versus Dollar as Trichet Plays Down Inflation
The euro dropped from the highest level against the dollar since November as European Central Bank President Jean-Claude Trichet dimmed the prospect of a boost in borrowing costs when he said inflation risks are balanced.
Trade Deficit in U.S. Probably Widened as Imports Increased to Meet Demand
The U.S. trade deficit probably widened in December for the first time in four months as the cost of imported oil climbed, economists said before a report this week.
The U.S. trade deficit probably widened in December for the first time in four months as the cost of imported oil climbed, economists said before a report this week.
Nasdaq hackers another blow to investor confidence
News that computer hackers had infiltrated the operator of the Nasdaq Stock Exchange is the latest blow for Wall Street as it works to repair an image with investors and traders dented by last year's "flash crash."
IMF Says Market Outlook Is Bright
The International Monetary Fund has released its estimates of the world economy’s growth in 2011 and the numbers are good. Forecasted overall growth is in excess of 4 percent however; this growth is overshadowed by the national debt owed by many Western countries and a stagnant unemployment rate. With the recent problems being experienced in the United States and its European counterparts there is growing doubt with regard to what these numbers actually mean.
The International Monetary Fund has released its estimates of the world economy’s growth in 2011 and the numbers are good. Forecasted overall growth is in excess of 4 percent however; this growth is overshadowed by the national debt owed by many Western countries and a stagnant unemployment rate. With the recent problems being experienced in the United States and its European counterparts there is growing doubt with regard to what these numbers actually mean.
Euro Sees Fresh Highs
For the first time in over two months the Euro is seeing highs above $1.38 against the USD, due in part to Germany’s tight control of spending and efforts to control debt in countries such as Greece and Ireland. Still more problems loom on the horizon for the Euro that will be centered around mounting debt in other countries such as Italy and Portugal.
