Saturday, January 23, 2010
A Federal Reserve rate meeting, President Barack Obama's state of the union address and the possibility that Fed Chairman Ben Bernanke won't get his confirmation vote may take center stage.
Plus, 12 members of the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 10,173, -216.90, -2.09%) and 130 companies in the S&P 500 /quotes/comstock/21z!i1:in\x (SPX 1,092, -24.72, -2.21%) report results. And China may again spook markets if data or policymaker comments signal Beijing is getting closer to raising rates.
Global monetary policy, U.S. politics and corporate results can take much of the credit for stocks' sorry performance in the past week.
"This is a correction precipitated by fear about a Chinese slowdown, uncertainty at the Fed and populist rhetoric by Mr. Obama on banks," said John Praveen, chief investment strategist at Prudential International Investments Advisers.
Friday, January 22, 2010
Thursday, January 21, 2010
Wednesday, January 20, 2010
Russia’s central bank announced on Wednesday that it had started buying Canadian dollars and securities in a bid to diversify its foreign exchange reserves.
Analysts said the move could be a sign of increased diversification of emerging market central bank assets away from the dollar and into investments denominated in other commodity-linked currencies, such as the Australian dollar.