All Entries in the "MarketPulse" Category
I’ll Have Another wins Preakness Stakes
CHICAGO (MarketWatch) — Kentucky Derby winner I’ll Have Another won the Preakness Stakes Saturday at Pimlico Race Course in Maryland, giving him a shot to become the first Triple Crown winner in 34 years. As in the Derby two weeks ago, I’ll Have Another ran down front-running Bodemeister to prevail by a head at the wire.
Spain may again revise 2011 deficit upward: AP
LOS ANGELES (MarketWatch) — Spain says it may have to again revise its 2011 budget deficit upward, the Associated Press reported late Friday. Spending by four regional governments within Spain — Madrid, Valencia, Andalusia and Castilla-Leon — exceeded forecasts, driving up the national deficit for a second time. AP said the government now projects a possible deficit that is equal to 8.9% of GDP, nearly three times the recommended maximum for nations using the euro.
Alabama Trust is year’s 24th U.S. bank failure
SAN FRANCISCO (MarketWatch) — Federal regulators shut the Alabama Trust Bank in Sylacauga, Ala., the Federal Deposit Insurance Corp.
Facebook drives up market volume to 2012 high
SAN FRANCISCO (MarketWatch) — A huge amount of shares traded in Facebook Inc.’s (US:fb) market debut Friday helped drive up U.S. stocks volume to the highest level of the year, according to the Wall Street Journal’s data group. Total market volume was 8.79 billion shares, the largest daily volume since Nov.
SEC to review Nasdaq Facebook IPO trading problems
WASHINGTON (MarketWatch) – The Securities and Exchange Commission staff plans to examine problems at the start of trading of shares of Facebook Inc.
Bets oil will go higher lowest since Sept. 2010
SAN FRANCISCO (MarketWatch) — Money managers trimmed more of their bets oil prices will go higher, data from the Commodity Futures Trading Commission showed Friday. The data, pertaining to the week up to Tuesday, showed the category emcompassing fund managers and speculative money trimming “long” bets by nearly 10,500 contracts for a net long position close to 140,000 contracts.
China home prices drop in most major cities
HONG KONG (MarketWatch) — Chinese new home prices showed a broadening slowdown in April, with fewer urban centers registering gains, according to official data released Friday. For the month, 43 cities showed declines in prices compared to March, while 46 cities showed declines on a year-on year basis, according to the National Bureau of Statistics, which tracks 70 cities in its survey. Three cities saw new home prices higher in April from March, though gains were slight, averaging 0.2%, the data showed.
Hong Kong stocks sink more; HSBC, Cathay hit hard
HONG KONG (MarketWatch) — Hong Kong stocks skidded sharply lower in early trading Friday, with heavyweight HSBC Holdings PLC leading a broad-based sell-off after a Moody’s downgrade of several Spanish banks deepened Europe-related worries. The benchmark Hang Seng Index /quotes/zigman/2622475 HK:HSI -2.78% lost 2.3% to 18,767.47, on course for its 11th loss in 12 trading days, in the footsteps of U.S.
Australian stocks tumble in early trading
Intraday Data provided by SIX Telekurs and subject to terms of use . Historical and current end-of-day data provided by SIX Telekurs.
Japanese shares skid 2.1% in early trading
Intraday Data provided by SIX Telekurs and subject to terms of use .