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Market News

Location American Market News for 8 May 2013
Wall Street is expecting lower profit for Hecla Mining Company (HL) when the company reports its first quarter results on Friday, May 10, 2013. Analysts are expecting earnings per share of 3 cents after the company booke...
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Forbes Earnings Preview: ArcelorMittal

Forbes - 8 May 2013 21:41
Optimism surrounds ArcelorMittal (MT), as it gets ready to report its first quarter results on Friday, May 10, 2013. Analysts are expecting the company to book a profit of 18 cents a share, up from 9 cents a year ago.
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Analysts foresee True Religion Apparel (TRLG) announcing decreased profits on Friday, May 10, 2013, when it reports its first quarter earnings. Despite this, they are generally optimistic about the stock.
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Business news and markets: as it happened, May 8, 2013 European shares have hit fresh highs in afternoon trading after data showed that industrial output in Germany, the eurozone's powerhouse, had jumped 1.2pc.
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Is It a Global Breakout?

Forbes - 8 May 2013 18:29
Is It a Global Breakout? The German Dax closed up 0.86% Tuesday as it has made a new all-time high this week. It is also sharply higher in Wednesday's early trading. Japan's Nikkei 225 had been closed since May 2 and gained 3.5% when it reopened...
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Should Investors Still Go For High Yield?

Forbes - 8 May 2013 17:52
Should Investors Still Go For High Yield? High yield investors have been big winners in recent years. From 2009 to 2012, annual returns for the BofA Merrill Lynch U.S. High Yield Index have averaged 23.2%, and $1 invested in the market at the end of 2007 is now ...
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(Kitco News) - After announcing in late April a $2.7 billion initial capital cost for Kinross Gold Corp.'s (TSX: K)(NYSE: KGC) Tasiast mine pre-feasibility study, Kinross will not commit to construction just yet, a compa...
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The Question Warren Buffett Can't Answer

Forbes - 8 May 2013 17:39
The Question Warren Buffett Can't Answer Unwind this.
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Booming Bank Stocks Pushing Dow Beyond 15,000 After opening on weakness, U.S. stocks are posting gains Wednesday morning, with the Dow Jones Industrial Average up 14 points to 15,070. The S&P 500 is trading at its own record high, up 0.25% to 1,630.
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Asia at War With Strong Currencies

Wall Street Journal - 8 May 2013 17:14
Central banks throughout Asia are ratcheting up moves to deal with an influx of capital that is keeping currencies strong and complicating efforts to manage growth.
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Gold Climbs 1.2%

Wall Street Journal - 8 May 2013 16:51
Gold futures rose as traders bet that stronger Chinese economic data would lift demand in the world's No. 2 consumer of the metal.
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Manchester United shares drop 4pc on Fergie resignation Manager's decision to step down wipes $123m off market value.
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Force Is Strong With Electronic Arts: Shares Rally From Star Wars, Profit Forecast Electronic Arts shares rallied this morning following an upbeat profit forecast and news of additional Star Wars games. Investors clearly have a good feeling about this.
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Toyota: Huge Profit And Impressive Earnings Forecast From Weak Yen Toyota Motor's quarterly profit skyrocketed in the latest quarter, and the world's top-selling auto maker says the impressive profitability will continue.
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Ken Fisher: Don't Pigeonhole Your Stocks

Forbes - 8 May 2013 14:30
Ken Fisher: Don't Pigeonhole Your Stocks When a growth stock's sex appeal is real and its earnings jump, a multiple boost can produce big price gains.
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(Kitco News) - Comex gold futures prices are moderately higher in early trading Wednesday, on a short-covering bounce from selling pressure Tuesday and following stronger-than-expected economic reports from China and Ger...
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Business news and markets: live

Telegraph - 8 May 2013 12:19
Business news and markets: live Nick Clegg claims today's Queen's Speech is for a "stronger economy" as inspectors from the International Monetary Fund arrive in London to carry out their annual assessment of Britain's financial health.
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Dow Closes Above 15000

Wall Street Journal - 8 May 2013 06:00
The Dow Jones Industrial Average closed above 15000 points for the first time, piercing another record threshold as investors' fear of missing out on the rally has replaced potential concerns about the risk of a selloff.
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Yen Teases Investors in Push Toward 100

Wall Street Journal - 8 May 2013 05:57
Investors faced little resistance in their months-long campaign to push the Japanese currency within one yen of 100 to the dollar. Covering that last bit of ground is proving much harder.
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Judge Says AIG Can Sue BofA

Wall Street Journal - 8 May 2013 05:20
American International Group Inc. has the right to sue Bank of America Corp. over more than $7 billion of mortgage-investment losses, a federal court judge ruled Monday.
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China Data Lift Mainland, Australian Shares

Wall Street Journal - 8 May 2013 05:19
Asian markets were up on Wednesday, with mainland Chinese and Australian shares gaining on better than expected Chinese trade data. The Shanghai Composite added 0.4%.
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Leaner Airlines, Meaner Routes

Wall Street Journal - 8 May 2013 05:17
Airlines' restructuring has produced a sharp reduction in service that is curtailing traveler choice and some local economies even as it improves the industry's health.
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