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US close: stocks end week on losses as data disappoints

US close: stocks end week on losses as data disappoints

Fri, 29 May 2015

US stocks closed lower on Friday, as a raft of underwhelming data reports disappointed investors and revealed that the economy contracted in the first quarter for the second consecutive year. The main... [more]

Cuba removed from US terrorism list

Cuba removed from US terrorism list

Fri, 29 May 2015

Cuba has been formally removed from the United State's list of state sponsors of terrorism on Friday in a decision that was widely expected following a review earlier this year. The State Department s... [more]

EU must be more flexible with foreign derivatives rules, market regulator says

EU must be more flexible with foreign derivatives rules, market regulator says

Fri, 29 May 2015

The European Union (EU) may need to demonstrate more flexibility in its negotiations with financial rules outside of the bloc, in order to maintain good international relations, according to the EU's ... [more]

Germany will work constructively with UK on EU reforms, Merkel says

Germany will work constructively with UK on EU reforms, Merkel says

Fri, 29 May 2015

German Chancellor Angela Merkel said her "clear cut" view is that the UK should remain in the EU and that she would work constructively with British Prime Minister David Cameron on reforming the bloc.... [more]

Fed's rate hike would 'absolutely' help banks, says Wells Fargo's CEO

Fed's rate hike would "absolutely" help banks, says Wells Fargo's CEO

Fri, 29 May 2015

An interest rate hike by the Federal Reserve would "absolutely" help US banks, said Wells Fargo & Co's chief executive John Stumpf. Speaking at the Sanford C. Bernstein Strategic Decisions conference ... [more]

US consumer confidence falls to six-month low

Fri, 29 May 2015

US consumer confidence fell to a six-month low in May, according to a closely-monitored index. The University of Michigan Index fell to 90.7 in May compared with a final April level of 95.9, according... [more]

Chicago PMI drops sharply in May

Fri, 29 May 2015

The Chicago Purchasing Managers' Index fell sharply in May. The widely followed gauge plunged from 52.3 in April to 46.2 this month, missing analysts expectations for a slight increase to 53. Data "s... [more]

Canadian GDP shrinks unexpectedly in the first quarter of 2015

Fri, 29 May 2015

Canada's gross domestic product shrank unexpectedly at the start of the year on the back of a sharp drop in business investment. In terms of quarterly rates of change, GDP dropped by 0.7% in the first... [more]

US open: Stocks slide after raft of disappointing data

Fri, 29 May 2015

US stocks lost ground early on Friday as investors digested a number of unimpressive economic reports. Just after 15:00 BST, the Dow Jones Industrial Average was down 72 points, while the S&P 500 and ... [more]

India outpaces China as 1Q GDP rises 7.5%

Fri, 29 May 2015

Data released on Friday showed that first-quarter gross domestic product in India grew by 7.5% from a year ago, beating expectations for a 7.3% increase and unchanged from the previous quarter. These ... [more]

US personal consumption misses forecast

Fri, 29 May 2015

US personal consumption grew less than expected in the first quarter of the year, data released on Friday showed. According to the Commerce Department, personal consumption grew at a 1.8% annualised r... [more]

US first quarter GDP falls less than expected

Fri, 29 May 2015

The US economy contracted by less than was feared at the start of 2015, although economists overwhelmingly expected growth to recover throughout the rest of 2015. Indeed, in both 2011 and 2014 gross d... [more]

Greek retail sales rise in March despite debt concerns, recession

Fri, 29 May 2015

Greek retail sales by volume increased 1.2% in March compared to a year ago despite concerns about the country's financial strife, statistics service ELSTAT said on Friday. The political uncertainty s... [more]

If the Fed can raise in September it will, Morgan Stanley says

Fri, 29 May 2015

The Federal Reserve's resolve to tighten policy even in the face of weaker current activity has only strengthened, a top broker said. According to Morgan Stanley's US economics team the first rate inc... [more]

US pre-open: Futures edge lower ahead of first quarter GDP data

Fri, 29 May 2015

US shares edged lower on Friday, as investors awaited a report on first quarter economic growth. The Dow Jones Industrial Average was expected to open down 19 points, while the S&P 500 and the Nasdaq ... [more]

Greek economy enters recession as first quarter GDP remains negative

Fri, 29 May 2015

The Greek Statistics service confirmed on Friday that the country's economy shrank 0.2% in the first quarter, according to preliminary estimates. Since the latest contraction follows a 0.4% decline in... [more]

Europe midday: Stocks push lower amid Greek uncertainty; US GDP in focus

Fri, 29 May 2015

European stocks fell further into red on Friday, as investors continue to grapple with uncertainty over Greece, ahead of the release of key US growth figures. By 1140 BST, the benchmark Stoxx Europe 6... [more]

Swiss GDP declines in the first quarter

Fri, 29 May 2015

Switzerland's economy shrank in the first three months of the year, as currency headwinds hit the country's pharmaceuticals and machinery products, data released on Friday showed. Gross domestic produ... [more]

Buhari takes office as President of Nigeria

Fri, 29 May 2015

Muhammadu Buhari was sworn in as Nigeria's new president on Friday, having ousted Goodluck Jonathan in the country's elections back in March. "Nigerians have shown their commitment to democracy," Buha... [more]

Asia: Shares end broadly unchanged but ASX 200 enjoys healthy gains

Fri, 29 May 2015

Japan's Nikkei 225 closed up 0.1% on Friday, extending its winning streak to an eleventh day amid a raft of economic data, although the weakening of the dollar against the yen capped gains. Data relea... [more]

Spain's deflation eases in May

Fri, 29 May 2015

Deflationary pressures in Spain eased in May, but some economists believe the lack of wage pressures will continue to cap any rise in the cost of living. The Mediterranean country's consumer price ind... [more]

Credit flows slightly recovering in the Eurozone

Fri, 29 May 2015

Credit is slowly flowing again in the Eurozone, data from the European Central bank revealed. The so-called M3 money supply, which tallies the amount of cash, deposits and banks' loans to the private ... [more]

Japanese consumption collapses in April

Fri, 29 May 2015

Japanese households' consumption fell by 1.3% from a year earlier in April, a far worse outcome than the growth of 3.4% which economists had been projecting. In month-on-month terms spending dropped 5... [more]

German retail sales rise more than forecast in April

Fri, 29 May 2015

German retail sales rose more than expected in April compared to a month earlier, data from Destatis revealed on Friday. Retail sales climbed 1.7% last month, beating analysts' forecast for a 1% gain.... [more]

Airbus admits "assembly quality problem" may have caused A400M crash in Spain

Fri, 29 May 2015

Analysis of flight recorders recovered from the A400M military aircraft that crashed in southern Spain on 9 May showed there were no structural faults, but "assembly quality problems" might be the cau... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Altera Corp. 48.85 4.00 22:07
Avago Technologies Ltd. 148.07 4.00 21:54
Mondelez International Inc. 41.59 2.77 22:10
Discovery Communications Inc. Class A 33.94 2.69 22:10
Sirius XM Holdings Inc 3.86 1.58 22:08

NASDAQ 100 Top Fallers

Name Last Chg.% Time
PACCAR Inc. 63.56 -2.47 22:10
Fastenal Co. 41.51 -2.44 22:00
Whole Foods Market Inc. 41.24 -2.34 22:00
Express Scripts Holding Co 87.14 -2.34 22:10
Keurig Green Mountain Inc 86.24 -2.24 21:59