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Wall Street Sees Little Cheer on Christmas Eve

24 Dic. 2015

U.S. stocks indexes were little changed on Thursday in a shortened trading session on Christmas eve, dragged down by energy stocks. Equity markets will close at 1 p.m. EST (1800 GMT) on Thursday, ahead of the Christmas Day holiday on Friday. Volume is expected to be light, which could exacerbate volatility.

Crude prices were up marginally, with U.S. crude set for gains for the fourth straight day. European stocks followed a rally on Asian bourses on Thursday, driven by gains in oil. Wall Street closed higher on Wednesday for the third straight session this week.

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U.K. Government Borrowing Worse than Forecast in November

22 Dec. 2015

The Office for National Statistics of the United Kingdom said the figure for November last year was boosted by a one-off gain of £1.1bn in fines for foreign exchange rigging. Total borrowing for the financial year to date is now £66.9bn, down £6.6bn from the same point last year.

The independent Office of Budget Responsibility (OBR) estimates that borrowing for the whole of the financial year 2015-16 will be £68.9bn - excluding support for public sector banks, and also excluding new changes to the treatment of housing associations.

That is below last year's £90.1bn, which would mean Chancellor George Osborne would have achieved his aim of cutting government borrowing.

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Wall St. Slides on Lower Crude Prices, Stock Options Expiry 

18 Dec. 2015

 

U.S. stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve's interest hike, weighed down the market. The expiration of stock and index options contracts added volatility in a heavy trading volume day. The S&P and Dow had their worst two-day performance since Sept. 1, while indexes posted losses for the week. The week was dominated by the Fed, which raised rates on Wednesday for the first time in nearly a decade. 

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Global Stocks Rally After Fed Interest-Rate Decision

17 Dec. 2015

Global stocks surged on Thursday as investors around the world reacted positively to the Federal Reserve’s decision to raise interest rates and the confidence in the U.S. economy that underpinned the move.

European stocks moved higher in early trade, following sharp gains across Asian markets and a higher close on Wall Street in response to the widely expected move by the Fed to end a seven-year experiment with near-zero interest rates.

The Stoxx Europe 600 rose 2.2% by midmorning, with gains across the board, while Japan’s Nikkei Stock Average gained 1.6% and the Shanghai Composite was up 1.8% on signs of a strengthening U.S. economy.

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Fed rate hike likely to tap economy's brakes

14 Dec. 2015

Perhaps no sector has benefited more from ultra-low rates than housing, which was devastated by the real estate crash. Home sales are expected to total about 5.7 million this year, up from 5.4 million in 2014 and 4.6 million in 2011. The recovery can at least partly be traced to 30-year fixed mortgage rates that remain below 4%, down from about 6% in 2008, keeping borrowing costs low for buyers.

But today's housing market is supported by far more than low mortgage rates — namely steady job and economic growth. What's more, 30-year mortgages are priced off 10-year Treasury note yields, which do rise as short-term rates climb, but not as steeply.

Read full article from USAToday

 

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