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Pence Financial Markets News US FINANCIAL MARKET WALL STREET OPENS LOWER AS SEPTEMBER RATE HIKE IN FOCUS Global stock markets headed lower at the end of a turbulent month that was dominated by concerns over China and the timing of a U.S. interest rate rise. Shares around the world have stabilized slightly in recent days […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET STOCKS SLIGHTLY PULL BACK AS MOMENTUM FADES Consumer spending increased 0.3% in July from a month earlier and wages rose. Personal income, reflecting Americans’ pretax earnings from salaries and investments, increased 0.4%. A separate report showed consumer confidence declined in August to a three-month low. Chinese stocks jumped […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET GLOBAL MARKETS CONTINUE TO RECOVER Upbeat U.S. economic data and comments from central bankers help soothe investor nerves. US GDP expanded at a 3.7% annual rate in the second quarter, up from an initial estimate of 2.3% growth. Economists surveyed by The Wall Street Journal had forecast a […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET WALL STREET OPENS HIGHER ON STRONG DATA Stocks open higher after six days of losses. The S&P 500 index has plunged 11% in six days, the most since the U.S. was stripped of its AAA credit rating by S&P in August 2011. Stock market is at same levels […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET STOCKS SURGE AS GLOBAL MARKETS REBOUND AFTER CHINA CUTS RATES Shares around the world plunged Monday on fears about China’s economic growth. The slump that wiped $2.7 trillion off the value of global equities was triggered by the devaluation of the Chinese yuan on Aug. 11. Stocks climbed […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET WALL STREET SLIDES INTO CORRECTION TERRITORY The Dow Jones Industrial Average briefly plummeted more than 1,000 points on Monday. Global selloff last week wiped more than $5 trillion off the value of equities around the world. US 10-year note Yield below 2% for first time since April. Oil […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET WALL STREET FALLS FURTHER ON CHINA WORRIES Data from China showed its manufacturing sector shrank at the fastest pace since the depths of the financial crisis in 2009. The Shanghai Composite Index tumbled 4.3%, hitting its lowest level since March. World stock markets tumbled towards their worst week […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET STOCKS FALL ON GLOBAL GROWTH WORRIES Fed officials are divided on potential interest-rate increase. Slower global economic growth may cause the central bank to delay raising rates. Minutes released yesterday showed fed officials are concerned about stubbornly low inflation even as the job market improves. Traders are now […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET Stocks Follow Global Markets Lower Stocks fell for a second day as a selloff in emerging markets fueled concern global growth is slowing at the same time the Federal Reserve considers the path for higher interest rates. Emerging-market equities sank to a four-year low on concern investors will […]

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Pence Financial Markets News

Pence Financial Markets News US FINANCIAL MARKET STOCKS OPEN SLIGHTLY LOWER China’s struggling stock market again takes center stage. The Shanghai Composite Index tumbled 6.2%. The recent devaluation of China’s currency was viewed as a sign of Beijing’s anxiety about the economic slowdown. Action was mixed in Europe, though moves were muted. Wal-Mart slashed its […]

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