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| 03-Aug-2010 14:22 |
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S&P 500 UP +24.26 [+2.20%] last evenIng from 1101.60 + 24.26 = 1125.86 DBXT S&P 500 US$10 UNCHANGE this mOrning S&P 500 1125.86 = USD17.49 S&P 500 1101.60 = USD17.49 |
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| 03-Aug-2010 14:21 |
XT S&P500 USD
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S&P 500 UP +24.26 [+2.20%] last evenIng from 1101.60 + 24.26 = 1125.86 DBXT S&P 500 US$10 UNCHANGE this mOrning S&P 500 1125.86 = USD17.69 S&P 500 1101.60 = USD17.69 |
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| 03-Aug-2010 14:12 |
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Bernanke warns about state budget cuts WASHINGTON In his first public comments since a government report last week showed the recovery lost momentum in the spring, Mr Bernanke also said the economy continued to grow at a moderate pace after the worst recession in a generation, although a weak housing sector and other pillars of the economy remained moribund. “Many states and localities continue to face difficulties in maintaining essential services and have significantly cut their programmes and work forces,” Mr Bernanke said. He added: “These cuts have imposed hardships in local jurisdictions around the country and are also part of the reason for the sluggishness of the national recovery. We have a considerable way to go to achieve a full recovery in our economy.” The US economy grew at a pace of just 2.4 per cent in the April-to-June quarter, down from 3.7 per cent growth at the start of the year. It was the slowest showing in nearly a year and too weak to drive down near double digit unemployment. Investors paid little heed to the Fed chairman yesterday, as sentiment was boosted by strong manufacturing and earnings data. The Institute of Supply Management said its manufacturing index fell to 55.5 points from 56.2 in June. Despite the drop, the reading beat market expectations of 54.2. Meanwhile, Europe’s largest bank HSBC reported earnings more than doubled in the first half, boosting optimism about the global recovery.
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| 03-Aug-2010 12:32 |
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