1. U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years.

Markets also got a shot of good news with China's second interest rate cut in two months, but analysts stopped short of declaring that the worst was over.

2. WASHINGTON - New U.S. single-family home sales rose a bit less than expected in July, but the trend pointed to housing market strength that should underpin economic growth for the rest of the year.

The Commerce Department said on Tuesday sales increased 5.4 percent to a seasonally adjusted annual rate of 507,000 units.

3. NEW YORK - U.S. consumer confidence rebounded in August according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes jumped to 101.5, much higher than the expectation of 93.4 according to a Reuters poll.

The July reading was revised to 91.0 from 90.9.

4. NEW YORK - Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. (Reuters).

5. Gold prices tumbled sharply on Tuesday, after data showed that U .S. consumer confidence improved to a seven-month peak in August, boosting optimism over the health of the economy and supporting the case for an interest rate hike this year.

 

 

 

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1. Wall Street opened sharply lower on Monday with the Dow Jones industrial average losing more than a 1,000 points following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities. The Dow has never lost more than 800 points in a day.

2. U.S stocks plunged Monday, with the Dow Jones Industrial Average plummeting more than 1,000 points following a global stock sell-off across European and Asian markets as fears escalated about China’s slowing economy. All three major indexes are on course for one of their worst opens since the financial crisis of 2008.

3. Gold prices rose to a fresh seven-week high on Monday, as heavy losses in global equity markets and the U.S. dollar boosted demand for the yellow metal.

4. As China's stock-market plunge spread to the United States, presidential candidates on Monday laid on blame and pushed their policy ideas from the sidelines, with Republican Donald Trump saying he had warned about U.S. exposure to China.

"I've been talking about China for years. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with China," said real-estate mogul Trump on Fox News. "I'm the one that says you better start un-coupling from China because China's got problems."

5. Apple Inc's (O:AAPL) China business experienced "strong growth" in July and August, Chief Executive Tim Cook told CNBC on Monday. Cook said, in an emailed response to questions about the company's business in China, iPhone activations in China had accelerated over the past few weeks and the App Store in China had the best performance of year for over the past two weeks.

 

 

  

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The near 9 percent slump in Chinese stocks was their worst performance since the depths of the global financial crisis in 2009 and wiped out what was left of the 2015 gains, which in June has been more than 50 percent.

With the latest slide rooted in disappointment that Beijing did not announce expected policy support over the weekend, all index futures contracts slumped by their 10 percent daily limit, pointing to more bad days ahead.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 5.1 percent to a three-year low. Tokyo's Nikkei ended down 4.6 percent and Australian and Indonesian shares hit two-year troughs.

"China could be forced to devalue the yuan even more, should its economy falter, and the equity markets are dealing with the prospect of a weaker yuan amplifying the negative impact from a sluggish Chinese economy," said Eiji Kinouchi, chief technical analyst at Daiwa Securities in Tokyo.

There was further evidence that developed markets were becoming synchronized with the troubles. London's FTSE which has a large number of global miners and oil firms, was down for its 10th straight day, its worst run since 2003.

The pan-European FTSEurofirst 300 was last down 3.7 percent at 1,382.15 points, wiping around 300 billion euros ($344.61 billion) off the index and taking its losses for the month to more than 1 trillion euros.

U.S. stock futures also pointed to big losses for Wall Street's main markets, with the S&P 500, Dow Jones Industrial and Nasdaq expected to open down 2.8, 2.5 and 4 percent respectively.

It could tip the S&P 500 and Nasdaq formally into 'correction' territory - meaning stocks, at their lows, are 10 percent off their 52-week highs.

"We are in the midst of a full-blown growth scare," strategists at JP Morgan Cazenove said in a note.

 

 

 

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Wall Street opened lower on Friday as weak manufacturing data from China spooked investors already worried about global growth.

LONDON - U.S. oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumer.

WASHINGTON - As he weighed whether to support President Barack Obama's nuclear deal with Iran, Representative Donald Norcross was showered with the sort of attention rarely shown to junior members of the U.S. Congress.

SHANGHAI -- Chinese stocks on Friday hit their lowest point since the government launched a massive program of intervention to prop up the market in early July, as manufacturing output figures gave another indication of the country’s slowing economy.

Gold gained in Asia on Friday after a weaker than expected manufacturing flash survey from Caixin and as investors increasingly doubt the Federal Reserve will raise rates in September. (Reuters)

 

 

 

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1) Wall Street fell sharply for the fourth straight day on Thursday after the Federal Reserve highlighted global growth concerns and as finance stocks declined on speculation that the central bank would not raise interest rates in September.

2) U.S. home resales rose more than expected in July to their highest level since 2007, a sign the U.S. housing market was heating up and could provide more support for the overall economy.

3) The number of Americans filing new applications for unemployment benefits unexpectedly rose last week, but the trend remained consistent with solid labor market momentum that could keep the Federal Reserve on track to raise interest rates this year. (Reuters)

4) U.S. crude oil prices fell to almost $40 a barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.

5) The dollar moved lower against a basket of other major currencies on Thursday after the minutes of the Federal Reserve’s latest meeting prompted investors to push back expectations on the timing of an initial rate hike.

6) Gold prices extended gains to a five-week high on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. rose unexpectedly last week. (Investing.com)

 

 

 

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1. The dollar remained little changed against a basket of other currencies on Wednesday after data showing that U.S. inflation rose at a slower than expected rate last month, as investors awaited the minutes of the Federal Reserve’s latest meeting later in the day.

2. U.S. natural gas prices bounced off the previous session's five-week low on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

3. Gold prices remained higher on Wednesday, after data showed that consumer price inflation in the U.S. rose less than expected in July, while prices excluding food and energy costs inched up modestly. (Investing.com)

4. TORONTO - Avid Life Media, the company behind infidelity website AshleyMadison.com, confirmed on Wednesday that some legitimate data has been stolen from it and published online, but said it has never stored credit card information on its servers.

5. CHICAGO - Target Corp (N:TGT) on Wednesday reported a higher-than-expected quarterly profit and raised its full-year earnings forecast for the second time, benefiting from strong demand for clothing and other product categories at the center of its growth plan.

6. LONDON - Fears about China's economy kept emerging markets under heavy pressure on Wednesday, while the dollar eased as traders awaited minutes from last month's Federal Reserve meeting for any hints on U.S. rate hike plans. (Reuters).

 

 

 

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