Posted on 06 July 2009
Tags: commodity, commodity linked stocks, crude oil, crude oil prices down, Dow Jones, dow jones-USB commodity index, hang seng index fell, hong kong, Nikkei, Recession, stock market, Stock Markets, stock prices down, Tokyo, US economy, US Stocks weak, usb
On Monday morning there has been a slump in the energy sector and so the worries about the upcoming earnings season weighed on U.S. stocks.
Along with the stock market the commodity had been putting in solid gains, which is helped by an influx of speculative bets by those traders who are willing to take on risk. But during the recent sessions, this has been hurt by the investor’s worries about the weakness in demand due to the global recession, which now probably looks like that it will last longer than what is expected by many traders expected. 
In New York recently crude futures were down $2.54 to $64.19 a barrel, which leads to a broad decline in raw materials. The Dow Jones-UBS Commodity Index was off 2.9%.
One relatively encouraging thing however come from the relatively low-bar set by the year-ago period taken as a comparison to the forthcoming numbers. It has been said by veteran traders and analysts that it’s getting much easier for companies to beat analysts’ earnings expectations with each passing quarter since the U.S. economy has now been in recession for more than a year and a half.
Read the full story
Posted on 08 March 2009
Tags: ABC, API, ASP.net, bank, banking, Ben Bernanke, Bizjournals.com, Bush, C#, Charles Wang, chief economist, consultant, Countrywide Start Firm, Department of Commerce, depression, Details - Hartford Courant, Detroit, Dow Jones, Esther Veenst, Fannie Mae, Federal Reserve System, Financial Post, financial services, Frank Nothaft, freddie Mac, gross domestic product, HomeEquityLoan-Report.com., Joint Economic Committee, Keith, Madeline Hernandez, Matthias Chang, Michael Steinberg, Moody's, mortgage
giant, New Year's Day, Obama, Obama Administration, Paul Darrow, PHP, pre-approval applications, President, PrintComment Related ArticlesBank, Private National Mortgage Acceptance Company, Real Estate, real estate mediator, real estate negotiator, real estate market, real estate meltdown, Richard Belton Unlike, San Francisco Chronicle, Taliban, the New York Times, U.S. Department, united states, www.comparemortgagerates.co.uk