Markets


wallstreet2-103112_22May13.jpg After moving modestly higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 32 points.
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Canadian stocks are poised for a marginally higher open Wednesday amid mixed commodities and varied cues from the global equity markets as traders await anxiously for Federal Reserve Chairman Ben Bernanke to testify on the outlook for the U.S. economy before the Joint Economic Committee of Congress....
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Wall Street is striving to put an end to its doubts and remains poised to open higher on Wednesday, as indicated by the trading in major index futures. Hopes that the central bank is in no mood to take its foot off the pedal led to a resilient advance yesterday. Traders could look for clues to confirm...
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Asian stocks rose broadly on Wednesday, encouraged by a positive lead from Wall Street, after comments from two Federal Reserve officials suggested the Federal Reserve is unlikely to taper its $85 billion-per-month bond-buying program anytime soon. Investors look forward to a speech from the Fed Chairman...

wallstreet4-103112_21May13.jpg Stocks Close Modestly Higher Ahead Of Bernanke Testimony - U.S. Commentary

While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
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Sensex Falls For Third Day; L&T Tumbles 6%

Indian shares erased early gains to end modestly lower on Wednesday, as engineering & construction giant Larsen & Toubro posted disappointing Q4 results and investors awaited Federal Reserve Chairman Ben Bernanke's testimony before the Joint Economic Committee of Congress later in the global day. Besides...
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Indian Shares Fall On Global Cues, Weak Rupee

Indian shares ended a choppy session notably lower on Tuesday, mirroring weak global cues as investors turned their focus to Fed chairman Ben Bernanke's Congressional testimony to Congress and the release of the Fed's May minutes due this Wednesday for cues on the outlook for interest rates. Despite...
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EUR-JPY-052213.jpgYen Erases Losses As BoJ Leaves Monetary Policy Unchanged

The Japanese yen trimmed early losses against other major currencies on Wednesday after the Bank of Japan decided to keep its monetary easing program in tact, as it seeks to attain a 2 percent inflation goal in two years. Reaffirming its latest easing measures, the central bank's Policy Board said...
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European Markets Mixed Ahead Of Bernanke Comments

The European markets are trading mixed on Wednesday, as investors wait anxiously for Federal Reserve Chairman Ben Bernanke to testify on the outlook for the U.S. economy before the Joint Economic Committee of Congress. St. Louis Fed President James Bullard and New York Fed President William Dudley...
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TSX Ends Higher On Global Cues, Commodities - Canadian Commentary

Canadian stocks surged to a six-week high for a third straight session Tuesday, tracking rising global equity markets, with gains in the financial and resource sectors amid some upbeat macroeconomic data from Europe. Meanwhile, investors continued to await cues from the Federal Reserve meet on scaling...
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Oil-042512_22May13.jpg Crude Eases Ahead Of Inventories Data

The price of crude oil was moving lower Wednesday morning as traders await cues from the official inventories data, due out later today during the session. Light Sweet Crude Oil (WTI) futures for July delivery, the most actively traded contract, slipped $0.61 to $95.57 a barrel. Yesterday, oil settled...
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Treasuries Turn Higher On Comments From Fed Officials

Treasuries turned higher over the course of the trading day on Tuesday, recovering from a notable move to the downside in early trading. After coming under pressure in early trading, bond prices showed a significant turnaround as the day progressed.
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