Financial Market News

The Toronto stock market was slightly higher in late-morning trading Friday on the strength of the base metals sector after mining giant Teck Resources Ltd.

Trading sentiment turned bullish on the Bombay Stock Exchange as the BSE Sensex surged over 250 points in pre-close trading today following a soft Rail Budget amid market participants covering their short pending positions.

The New Zealand sharemarket managed to record only moderate losses in early trading, after stock exchanges in the United States and Europe tumbled overnight.

Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower.

NEW YORK That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.

Thu Jul 2, 2009 5:06am EDT -Traders work on the floor of the New York Stock Exchange May 19, 2009.

Interview and discussion with Robert Clarke of the Bracewell & Giullani L.L.P. He talks about banks mortgages securities and how they handle them.

Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy's road to recovery will be bumpy.

THE Australian share market opened higher after a positive lead from Wall Street and a boost among the resources stocks.

Asian stocks were mostly higher Thursday, but buying was restrained by caution ahead of a key U.S. jobs report that could shed light on the pace of recovery in the world's largest economy.

Wednesday, July 01 11:47:16 Robust commodity prices boosted energy and mining stocks which led a broad-based rally at the start of the third quarter, lifting Britain's top share index 1.4 percent higher by mid-session on Wednesday.

Stocks started the year by shocking investors with big losses, then pleased them with a strong springtime rally.

Investors are adding consumer confidence to their growing list of things to worry about.

World stocks began the third quarter on an upbeat note on Wednesday with European and emerging market shares rising around 1 percent and oil climbing on hopes for a recovery in demand.

U.S. stocks were set to open the third quarter with gains Wednesday as investors awaited reports on employment, manufacturing and home sales.

Most Asian stock markets clawed higher Wednesday after data showed the region's two biggest economies are inching toward economic recovery.

Stocks fell on Tuesday after the Conference Board's take on consumer confidence in June came in worse than expected.

A former pastor and his sons were charged with securities fraud in Indiana on Tuesday in what officials said was a multimillion-dollar scheme aimed at church members who thought they were helping build churches but were actually buying the men planes and sports cars.

Interview and discussion with David Woo of the Barclays Capital. He says the Dollar will continue to fall.

The Bombay Stock Exchange benchmark Sensex wiped off early gains and fell by 96 points at 1115 hrs on profit-booking at improved levels.