Investments News

Syndicated from http://finance.yahoo.com.

U.S. Markets

Wall St cheered by jobs data - [at Financial Times] - US stocks rose on Friday, extending this week s rally, after a better-than-expected August jobs report eased fears about a slowdown in the pace of the economic recovery.
Dow Finishes Higher on Jobs Report - [at TheStreet.com] - Stocks rose after the government offered a much less dour assessment of the labor market than had been expected.
Energy Stocks: BP, Mariner Energy rise with energy stocks - [at MarketWatch] - Energy stocks embellish what s been a bullish week for the sector, trading broadly higher on the heels of the monthly U.S. jobs report.
US SMALL/MIDCAPS-Stocks gain after jobs data show recovery hopes - [at Reuters] - Mid- and small cap stocks rose on Friday after the latest data on U.S. employment raised hopes that the economy may not be weakening as feared.
Most active Nasdaq-traded stocks - [AP] - A look at Nasdaq 10 most-active stocks at 1 p.m.: Apple Inc. rose 2.1 percent to $257.34 with 10,516,300 shares traded.
[$$] Caterpillar, IBM Lead Gains - [at The Wall Street Journal] - Caterpillar, IBM Lead Gains Stocks climbed, with J.P. Morgan Chase, Caterpillar and IBM leading the charge as a better-than-expected jobs report for August helped the market snap a three-week losing streak.
Kass: Last 55 Points of S&P Rally Is Probably Short Covering - [at CNBC] - The famed money manager explains what he thinks is the best way to trade this market.
Stocks rally as jobs data spurs optimism - [Reuters] - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
[$$] The Fence-Sitting Crowd - [at Barrons.com] - Stocks rallied 5.3% in the first three days of September after a summer of negativity, showing that investors comfort zone is noncommittal going into a political season where anything can happen.
Pops & Drops: Take Two, SanDisk... - [at CNBC] - Following are the week s biggest winners and losers. Find out why shares of Take Two and SanDisk popped while Campbell Soup dropped.
Stocks Gain for Fourth Day, Ending the Week Up
Financial Stocks: Financials rally on relief over August jobs report - [at MarketWatch] - The U.S. financial sector finishes on a high note Friday as better-than-expected jobs data fuel hopes the economic recovery isn t being derailed.
US STOCKS-Wall St rallies as jobs data spurs optimism - [at Reuters] - * Payrolls better than expected, double-dip fears ease * Financial, tech shares lead advance as risk returns * Dow up 1.2 pct, S&P 500 up 1.3 pct, Nasdaq up 1.5 pct
Stocks Close Higher For 4th Session; Banks Gain - [at CNBC] - Stocks closed higher for the fourth straight session Friday after a better-than-expected jobs report gave investors another reason to think the U.S. economy is beginning to turn around.
Stocks Hold Gains Before Close; Banks Rise - [at CNBC] - Stocks were heading to the best results for a week before Labor day since 2006 after a series of economic reports gave investors reason to think the U.S. economy is beginning to turn around.
Luxury And Outsourcing Are Hard To Beat Today - [at Forbes] - Staffing and outsourcing services stocks gain on Friday with luxury stocks.
[$$] Hoping for the Best - [at Barrons.com] - After a frustrating summer for stocks, market strategists see few gains this fall—unless the economy regains its swagger.
US STOCKS-S&P 500 rides wave of optimism to best week in eight - [at Reuters] - The broad S&P 500 index closed its best week in eight on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
[$$] Small Stocks Extend Their Winning Run - [at The Wall Street Journal] - Small Stocks Extend Streak The Russell 2000 rose 4.31% for the week, extending its three-week streak of gains for the longest run since the five-week period that ended April 23. Take-Two Interactive was up 7.3%.
Along with Earl, Has Market Storm Moved Out To Sea? - [at CNBC] - Considering the S&P has climbed about 5% over 4 days, along with the hurricane, has the market pessimism finally moved out to sea?

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Economy & Government

UPDATE - Taxpayers likely to face initial loss on GM IPO-sources - [at Reuters] - * Treasury to sell first shares below break-even-sources * 61 pct Treasury sale could take several years-sources * Taxpayer break-even is around $70 bln GM market value
Blunt, Carnahan differ on stimulus, bank bailout - [AP] - Republican Rep. Roy Blunt campaigns for Senate in a blue RV plastered with the message: The choice is clear. Roy will fight for jobs.
White House looking for stimulus: official - [at MarketWatch] - The Obama administration is looking for stimulus measures that are effective, said Alan Krueger, the Treasury s assistant secretary for economic policy on Friday. The President has asked his economic team to review measures that are targeted and responsible, Krueger told reporters.
US RATE FUTURES-UPDATE - Traders betting on Sept 2011 Fed hike - [at Reuters] - U.S. short-term interest rate futures traders raised expectations of a Federal Reserve rate hike next year, after a government report showed the economy lost fewer jobs in August than expected.
Dividends are trumps in a game of poor rates - [at Financial Times] - In his memoir, Tony Blair claims that it was his idea to give the Bank of England power over interest rates, that he was never kept out of the economic policy space , and that it was not until very late on that he really yielded control of economic policy .
UPDATE - Fed bond buying not big policy shift-Lockhart - [at Reuters] - The Federal Reserve s decision to begin buying Treasuries again was a precautionary step, not the opening salvo in a new policy course, Atlanta Fed President Dennis Lockhart said on Friday.
Federal Housing Stimulus: How Much More? - [CNBC] - New reports are rolling around Wall Street and Washington today that the Obama Administration is considering yet another economic stimulus package; this round would be for small businesses.
Fed s Evans says financial reform will not be easy - [at Reuters] - Overhauling the U.S. financial system after the worst crisis since the 1930s will not be easy, but it is critical, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
Economic Report: Services growth slows in August, ISM says - [at MarketWatch] - Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reports.
Economic Report: U.S. economy sheds 54,000 nonfarm jobs in Aug. - [at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the private sector created employment.
Economic Report: Smaller-than-feared 54,000 Aug. nonfarm jobs lost - [at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the health care and temporary staffing industries expanded.
Obama wants to boost economy - just don t call it stimulus - [CNNMoney.com] - President Obama is pledging to propose a new package of job-boosting ideas next week -- just don t call it stimulus.
UPDATE - Obama says his economic policies halted bleeding - [at Reuters] - * Previews big push on economy ahead of November vote * Will travel to Ohio to unveil plans for boosting jobs * White House says proposals not a stimulus package
Fed s Lockhart sees slowdown as temporary - [at MarketWatch] - There has been too much alarmist discussion of recent economic indicators and the outlook is not as pessimistic as some have suggested, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Friday.
Al Lewis: A CEO Fights Feds, But Feds Don t Fight Fair - [at Fox Business] - Todd Hornbeck beat the Obama Administration once again on Wednesday, and yet he is still losing.

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International Finance

UPDATE - Fed bond buying not big policy shift-Lockhart - [at Reuters] - The Federal Reserve s decision to begin buying Treasuries again was a precautionary step, not the opening salvo in a new policy course, Atlanta Fed President Dennis Lockhart said on Friday.
Fed s Evans says financial reform will not be easy - [at Reuters] - Overhauling the U.S. financial system after the worst crisis since the 1930s will not be easy, but it is critical, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
Economic Report: Services growth slows in August, ISM says - [at MarketWatch] - Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reports.
Federal Housing Stimulus: How Much More? - [CNBC] - New reports are rolling around Wall Street and Washington today that the Obama Administration is considering yet another economic stimulus package; this round would be for small businesses.
UPDATE - Obama says his economic policies halted bleeding - [at Reuters] - * Previews big push on economy ahead of November vote * Will travel to Ohio to unveil plans for boosting jobs * White House says proposals not a stimulus package
UPDATE - Taxpayers likely to face initial loss on GM IPO-sources - [at Reuters] - * Treasury to sell first shares below break-even-sources * 61 pct Treasury sale could take several years-sources * Taxpayer break-even is around $70 bln GM market value
White House looking for stimulus: official - [at MarketWatch] - The Obama administration is looking for stimulus measures that are effective, said Alan Krueger, the Treasury s assistant secretary for economic policy on Friday. The President has asked his economic team to review measures that are targeted and responsible, Krueger told reporters.
Fed s Lockhart sees slowdown as temporary - [at MarketWatch] - There has been too much alarmist discussion of recent economic indicators and the outlook is not as pessimistic as some have suggested, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Friday.
Al Lewis: A CEO Fights Feds, But Feds Don t Fight Fair - [at Fox Business] - Todd Hornbeck beat the Obama Administration once again on Wednesday, and yet he is still losing.
Obama wants to boost economy - just don t call it stimulus - [CNNMoney.com] - President Obama is pledging to propose a new package of job-boosting ideas next week -- just don t call it stimulus.
Dividends are trumps in a game of poor rates - [at Financial Times] - In his memoir, Tony Blair claims that it was his idea to give the Bank of England power over interest rates, that he was never kept out of the economic policy space , and that it was not until very late on that he really yielded control of economic policy .
Economic Report: U.S. economy sheds 54,000 nonfarm jobs in Aug. - [at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the private sector created employment.
Economic Report: Smaller-than-feared 54,000 Aug. nonfarm jobs lost - [at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the health care and temporary staffing industries expanded.
US RATE FUTURES-UPDATE - Traders betting on Sept 2011 Fed hike - [at Reuters] - U.S. short-term interest rate futures traders raised expectations of a Federal Reserve rate hike next year, after a government report showed the economy lost fewer jobs in August than expected.
Blunt, Carnahan differ on stimulus, bank bailout - [AP] - Republican Rep. Roy Blunt campaigns for Senate in a blue RV plastered with the message: The choice is clear. Roy will fight for jobs.

Syndicated from http://finance.yahoo.com.

Currencies

China reserves 65% in dollars, 26% in euro: report - [at MarketWatch] - China s $2.45 trillion foreign exchange reserves consist of approximately 65% in U.S. dollars and 26% in euros, according to a state media news report Friday. The reserves also include 5% in British pounds and 3% in Japanese yen, according the China Securities Journal report, which didn t cite sources for the information.
Japanese Yen Channel is Key
Yen Trade Suggests One Good Jobs Report Does Avoid A Double-Dip - [at Forbes] - This dollar-yen pair is always interesting to watch as a gauge of the broader markets attitude toward risk, with the yen typically the number one safety play and the dollar typically coming in second.
CANADA FX DEBT-C$ hits two-week high on U.S. jobs surprise
Forex & Commodities: Major Currencies Drift Ahead of US Payroll Data - [at CNBC] - Major currencies drifted in a narrow range ahead of Friday s key U.S. employment figures.
Euro, British Pound Rally Against the U.S. Dollar Ahead of the U.S. Nonfarm Payrolls Report - [DailyFX] - The Euro extended its three day advance against the U.S. dollar ahead of the highly anticipated nonfarm payrolls report from the world’s largest economy. Indeed, we may see whipsaw price action ahead of the report as the currency market looks for direction.
Currencies: Dollar weakens ahead of U.S. jobs data - [at MarketWatch] - The U.S. dollar loses ground against the yen and euro, with traders wary ahead of the release of U.S. nonfarm payrolls later in the global day.
Currencies: Dollar gains in wake of payrolls data - [at MarketWatch] - The dollar gets a boost in currencies trading following better-than-forecast data on the U.S. employment market.
U.S. Dollar Mixed in Quiet Trading - [at TheStreet.com] - The U.S. dollar was mixed in quiet trading Friday ahead of the U.S. jobs report.
British Pound Testing Channel Resistance
Dollar slides after jobs report tops forecast - [AP] - The dollar slid Friday after a government report on jobs was not as bad as many market watchers had feared, helping assuage fears of another downturn in the U.S.
Trichet says a Greek exit from euro worst option - [AP] - European Central Bank chief Jean-Claude Trichet said Saturday that if Greece were to leave the eurozone and revert to the drachma, that would be the worst possible option.
Euro steady ahead of US jobs report - [AP] - The euro is barely changed against the dollar as markets focus on the upcoming release of a closely watched U.S. jobs report.
Dollar gains on yen after August payrolls data - [at MarketWatch] - The U.S. dollar lost ground versus the euro and extended a gain versus the Japanese yen after stronger-than-expected U.S. payrolls data for August. The Labor Department said private-sector payrolls rose by 67,000, topping forecasts for a 30,000 rise.
Dollar pares gains vs yen after ISM services data - [at MarketWatch] - The dollar pares gains against the Japanese yen and extends losses against the euro Friday, with the greenback pulling back from stronger levels after a report of slowing in the U.S. services sector last month.
FOREX-Dollar falls vs euro, higher-yielding currencies - [at Reuters] - * Risk appetite increases; yen, Swiss franc under pressure * U.S. payrolls fall less than expected in August * U.S. service sector activity slows in August
Currencies: Dollar pares gains vs yen after ISM services data - [at MarketWatch] - The dollar pares gains against the Japanese yen and extends losses against the euro Friday, with the greenback pulling back from stronger levels after a report of slowing in the U.S. services sector last month.
Weekly Fundamental Forecast - 09.06.10 - [DailyFX] - Dollar on the Verge of a Bearish Reversal as Support, Liquidity Dry Up Euro Forecast Turns Bullish on S&P 500 Rallies – Test of 1.30 Likely Japanese Yen: Currency Intervention Grows Ahead of BoJ Rate Decision British Pound May Rise With Stocks But Seasonal Factors, BOE Threaten Canadian Dollar Looks to BoC Rate Decision for Next Moves Australian Dollar May Gain Further on RBA Expectations, S&P Strength New Zealand Dollar Tracks Risk as Seasonal Forces Complicate Rebound Gold Continues to March Higher Despite Positive Speculative Lean
British Pound May Rise With Stocks but Seasonal Factors, BOE Threaten
MONEY MARKETS-Traders bet on Sept 2011 Fed hike - [at Reuters] - * U.S. rate futures up hike expectations for next year * Banks to repay 225 bln euros in maturing loans in Sept * ECB liquidity extension will help cushion expiring loans

Syndicated from http://finance.yahoo.com.

Commodities

Today in Commodities: Edibles Rule
Futures Movers: Crude oil seesaws after jobs report - [at MarketWatch] - Crude-oil futures see-saw Friday after the government reports the economy lost 54,000 jobs in August, a smaller decline than expected.
Futures Movers: Oil retreats, set for weekly loss of 2% - [at MarketWatch] - Better-than-expected news on the all-important job front is not enough to lift crude-oil futures. Gasoline also falls, with natural gas bucking the trend to post gains.
Futures Movers: Oil closes lower, loses nearly 1% on the week - [at MarketWatch] - Better-than-expected news on the all-important job front is not enough to lift crude-oil futures.
METALS-Copper ends off 4-month high on weak services data
Web Extra: The Pitch - Brian Kelly s Sugar Trade - [at CNBC] - Brian Kelly of Kanundrum Capital is making a pitch for sugar. But can he convince Tim Seymour that his trade is a sweet way to play it?
Metals Stocks: Gold futures down nearly 1% after U.S. jobs data - [at MarketWatch] - Gold futures fall prey to selling, pulling back toward $1,240 mark as better-than-expected U.S. jobs data raise hopes about prospects for economic recovery and reduce demand for the precious metal as a safe haven.
Crude oil higher, gold down after U.S. jobs report - [at MarketWatch] - Crude oil gained ground and gold futures fell on Friday after the government reported the economy lost 54,000 jobs in August, less than expected by Wall Street economists. The unemployment rate ticked higher to 9.6% in August from 9.5% in the previous month, as expected.
NYMEX-Crude ends down on services data, weaker storm
Harvest fears push up global grain prices - [at Financial Times] - The price of wheat, corn and other cereals rose this week after Russia said it would extend a grain export ban by nearly a year and traders cut further their forecast for global crops.
Corn prices popping amid concerns about yield - [AP] - Corn prices surged to a record high for the year Friday as traders questioned whether crop yields will fall short of expectations.
Metals Stocks: Silver turns higher; gold trims losses - [at MarketWatch] - Silver turns higher and gold trims earlier losses after services data dents stocks.
Wheat futures boosted as Russia extends export ban - [at MarketWatch] - Wheat futures continue to push higher, a day after Russia roiled grain markets by extending a ban on wheat exports into late 2011.
Summary Box: Corn prices pop amid yield questions - [AP] - PRICE POP: Corn prices surged to a record high for 2010 Friday as traders questioned whether yields will fall short of expectations. Meanwhile, supplies are tight and global demand is strong.
Grains prices, beef and pork futures mostly rise
Gold Prices Slip on Jobs Number - [at TheStreet.com] - Gold prices were slipping Friday after an uplifting U.S. unemployment report.
Futures Movers: Crude oil trades flat after U.S. jobs report - [at MarketWatch] - Crude-oil futures traded little changed on Friday after the government reported the economy lost 54,000 jobs in August, a smaller decline than expected.
Watch those gas pumps; prices expected to fall - [AP] - Gasoline prices have been falling for weeks, and they could go even lower as autumn s leaves begin to drop. The national average for a gallon of unleaded regular was $2.681 on Friday, according to AAA, Wright Express and Oil Price Information Service.
Metals Stocks: Silver ends at two-year high; gold closes lower - [at MarketWatch] - Silver settles at its highest price since March 2008 and gold futures post losses as a drop in U.S. payrolls didn t turn out as steep as forecast. Copper also notches a four-month high.
Spot Gold Prices Down on Profit-Taking - [at TheStreet.com] - Spot gold prices are softer Friday afternoon with steep profit taking in thin volume trading ahead of the holiday weekend.

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