Wednesday, August 15, 2007
Midday Report: Stocks reverse course amid conflicting Fed signals
DJIA
13,025
-3.33
S&P
1,430
+3.96
NASDAQ
2,504
+5.58
10Yr
4.72%
-0.010
Stocks reverse course amid conflicting Fed signals
NEW YORK
U.S. stocks turned higher after the Federal Reserve cancelled overnight
repurchase operations, a move which the market first took to mean it was
comfortable with liquidity levels in the system.
Further European interest-rate moves now seen as up in the air
LONDON
Until a couple of weeks ago, most economists were confidently predicting
another round of intererst-rate hikes in Europe and the U.K. as
economies in the region showed little sign of slowing. No more.
Economic Report: U.S. retail-level inflation moderating in July, CPI
data show
WASHINGTON
With gasoline prices falling, U.S. consumer prices increased 0.1% in
July, the slowest inflation rate in eight months, the Labor Department
reported Wednesday.
FundWatch: Merrill Lynch survey shows managers still positive on
equities
LONDON
Fund managers remain relatively positive about the prospects for global
equity markets, even after the recent market downturn, according to
Merrill Lynch's monthly fund manager survey for August.
Recent losses in hedge fund industry spark redemption concerns
SAN FRANCISCO
Recent losses suffered by some hedge funds have raised concern that
managers in the $1.5 trillion industry could get big redemption requests
from investors this week.
