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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 24 September 2012 [View all]xchrom
(108,903 posts)27. U.S. Stock Futures Drop; European Debt-Crisis Talks Stall
http://www.bloomberg.com/news/2012-09-24/u-s-stock-futures-drop-european-debt-crisis-talks-stall.html
U.S. stock-index futures dropped as Germany and France differed on when to introduce a banking union for the euro-area and a report showed optimism among Chinese manufacturers fell, adding to concern of an economic slowdown.
U.S. Steel Corp. and AK Steel Holding Corp. (AKS) retreated after the stocks were downgraded by Citigroup Inc. General Electric (GE) Co. fell 0.5 percent in German trading after it announced plans for a new mining unit. Las Vegas Sands Corp. (LVS) climbed 1.9 percent after a shareholder recommended that it should be broken up into three companies to boost its stock-market value.
Futures on the Standard & Poors 500 Index (SPX) expiring in December retreated 0.4 percent to 1,446.0 at 12:22 p.m. in London. The benchmark fell 0.4 percent last week as reports signaled global economies are slowing. Still, it has rallied 16 percent this year and earlier this month closed at the highest level since 2007 after the Federal Reserve and the European Central Bank announced stimulus measures. Dow Jones Industrial Average futures lost 53 points, or 0.4 percent, to 13,447 today.
Markets seem to have lost their momentum of the past few weeks as some of the optimism fades in the autumn mists, said Justin Urquhart Stewart, who helps oversee about $6.8 billion at 7 Investment Management in London. Franco German bickering over regulation, Chinese growth, employment unrest and political changes have given investors reason to take some short term profits and wait before committing any further funds.
U.S. stock-index futures dropped as Germany and France differed on when to introduce a banking union for the euro-area and a report showed optimism among Chinese manufacturers fell, adding to concern of an economic slowdown.
U.S. Steel Corp. and AK Steel Holding Corp. (AKS) retreated after the stocks were downgraded by Citigroup Inc. General Electric (GE) Co. fell 0.5 percent in German trading after it announced plans for a new mining unit. Las Vegas Sands Corp. (LVS) climbed 1.9 percent after a shareholder recommended that it should be broken up into three companies to boost its stock-market value.
Futures on the Standard & Poors 500 Index (SPX) expiring in December retreated 0.4 percent to 1,446.0 at 12:22 p.m. in London. The benchmark fell 0.4 percent last week as reports signaled global economies are slowing. Still, it has rallied 16 percent this year and earlier this month closed at the highest level since 2007 after the Federal Reserve and the European Central Bank announced stimulus measures. Dow Jones Industrial Average futures lost 53 points, or 0.4 percent, to 13,447 today.
Markets seem to have lost their momentum of the past few weeks as some of the optimism fades in the autumn mists, said Justin Urquhart Stewart, who helps oversee about $6.8 billion at 7 Investment Management in London. Franco German bickering over regulation, Chinese growth, employment unrest and political changes have given investors reason to take some short term profits and wait before committing any further funds.
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Feast of Fools How US Democracy Became the Property of a Commercial Oligarchy By Lewis H. Lapham
Demeter
Sep 2012
#3
Somebody dumped a lot of paper (ETF's) to depress the gold and silver markets.
westerebus
Sep 2012
#31