Equities Market Roundup: Pressure Mounting on U.S. Debt Ceiling, EU Banks

Equities Editors Desk | |

Stocks got hammered in early trading today as the current U.S. debt ceiling debate failed to show any real progress and concerns over Europe's financial situation also helped to stoke fear in the

Has the Stock Market Discounted Default?

George Brooks | |

Not raising the debt ceiling (default on certain obligations) would have disastrous consequences.Until Friday, the stock market had been telling us NOT to worry, it’ll happen in one form or

China Stocks' Consolidation May Ease by Month's End

Gene Linn | |

Monday’s wimpy performance by the Hong Kong market confirmed that China stocks are deep in consolidation. But there is some hope for a modest rebound in a couple of weeks.Hong Kong blue chips

Equities Sector Coverage: Tech Stocks Lead As Wall Street Remains Choppy

Sector Recap | |

The NY Fed Empire manufacturing survey for July shows a weaker than expected reading of -3.76. The Consumer Price Index declined 0.2% in June but was up 0.3% excluding food and energy. CPI was up

Equities Market Roundup: President Obama Calms Wall Street

Equities Editors Desk | |

U.S. stocks are teetering back and forth but showing gains as weak economic outlook pared gains from strong second quarter earnings numbers from some of the world's largest companies, and bounced

Weekend Breakthrough? A Risky Bet on Debt Ceiling Resolution

George Brooks | |

I expect a breakthrough in the debt ceiling stalemate and, possibly over the weekend.This is one of those cases where Wall Street is assuming default can’t reasonably happen. If it did the

China Stocks Stymied by Uncertainty

Gene Linn | |

Uncertainty rules short-term China stock movements in Hong Kong. The main sources, according to KGI Asia chief operating officer Ben Kwong, are the European debt crisis and prospects for further

Equities Sector Coverage: Telecom Stocks Fall Hardest On Down Day

Sector Recap | |

Thursday’s economic data were mixed versus expectations. Retail Sales gained just 0.1% in June, but excluding autos sales were flat. Producer Prices declined 0.4% in June but rose 0.3% excluding

GEMS: Taking a Look at Sector Rotation

Jordan Kimmel | |

As the second edition of the GEMS newsletter is being prepared, I am paying attention to the sector rotation. Health care continues to lead, metals are rallying, and semis are getting weak all

Equities Market Roundup: Bernanke Warns Congress of Default Consequences

Equities Editors Desk | |

Federal Reserve Chief Ben Bernanke helped to bolster the market yesterday, and just as easily, ended any momentum bulls were building as he told Congress today that the Fed is not ready to take