World Stocks Push Up to 9-Month Highs

[Hissyspit]

Source: Reuters

World stocks push up to 9-month highs

By Emelia Sithole-Matarise – 56 mins ago
LONDON (Reuters) – World stocks pushed up to 9-month highs on Friday, cutting demand for government bonds as euro zone manufacturing and services reports beat expectations, fuelling optimism about economic recovery.

The euro hit a session high against the dollar and European shares reversed earlier losses to climb for a 10th session running after a better-than-expected German sentiment survey and improved data on the euro zone services and manufacturing sectors.

"Generally all of these surveys are ticking higher .... it's confirming evidence that things look to have bottomed out," said Padhraic Garvey, head of Investment Grade Debt Strategy at ING in Amsterdam.

"If we didn't have yesterday's selloff, we could have a bigger selloff this morning," he said of the euro zone government bond market.

Read more: http://news.yahoo.com/s/nm/20090724/bs_nm/us_markets_global

[bemildred]

1. Yay! Time to jump back into the market and win, I mean earn all that money you lost back.

:sarcasm:

[Javaman]

2. Queue dimwit dana perino to claim this was because of moron*. nt

[pampango]

3. It's good news that world stocks are rising, not just US stocks. If the rest of the developed

world comes out of the recession, it makes it less likely that the US stock market's resurgence is a fool's rally.

[mbperrin]

4. Stocks Pause After Rally (oops)

http://online.wsj.com/article/SB124843241577578761.html

An earnings season that has provided mostly sweet music to investors' ears hit some sour notes, sending stocks lower on Friday.

Technology and finance companies led the broader market lower following earnings reports that were either tepid or missed analysts' expectations or both.

The Dow Jones Industrial Average was recently down 11 points, or 0.1%, to 9057.95, hurt by a 8.6% slide in component Microsoft after the software maker announced late Thursday that it saw a 29% drop in earnings for its fiscal fourth period, well shy of analysts' expectations.

[Algorem]

5. lots of people gonna get hired now.ok,nobody.

maybe a butler or maid here and there.