Global central bankers meet in South Africa amid inflation risk
The Fed, ECB and Bank of Japan leaders convene at the International Monetary Conference in South Africa as Bernanke's cautious rhetoric echoes past market turmoil. Analysts note inflation risk and weak growth shaping remarks, with Wall Street strategists lifting S&P targets to 1625 by year end and 1725 by mid 2008, while earnings news from American Woodmark and School Specialty hits after the bell.
MENTIONED IN THIS ARTICLE
U.S. Federal Reserve
European Central Bank
Mest
Japan
International Monetary Conference
South Africa
Fed
Ben Bernanke
U.S
Barnanke
Wall Street
Morgan Stanley
Henry McVey
Standard & Poor
Citidraup
Tablas Levkovich
S&p
American Woodmark Corp
AMWD
School Speciality Inc
SCHS
After the Bell
Cooper Cos, Inc
Guese Inc
GES
Bond prices rise as stocks gain modestly
Interassthites report bond prices moved higher as equities posted limited gains. Earlier Friday stocks jumped, triggering a bond sell-off before prices edged up in a calmer market.
Dow, S&P end higher as China stocks slide
U.S. stocks edged up on Monday with the Dow Jones Industrial Average and S&P 500 closing at fresh highs while China's Shanghai composite plunged 8.3 percent. The Dow rose 8.21 points to 13,676.32 as investors priced in weak urban rail and travel service indicators amid a slipping Chinese market.
MENTIONED IN THIS ARTICLE
Tocks
China
Shanghai
United States
Europe
Africa
Middle
ASIA/PACIFIC
Hong Kong
Singapore
Taiwan
Bond yields rise threaten stock rally in Europe and U.S.
Yields on the 10 year Treasury jumped to 4.96 percent as European rate hikes lure investors to foreign bonds, threatening the July stock rally. Analysts warn higher yields could cool stocks and hurt housing, with Fed cautious on further rate hikes amid inflation concerns.
MENTIONED IN THIS ARTICLE
Europe
Nigel Gault
Global Insight
Gault
Treasury
U.S
Ena
Haberman
Cantor Fitzgerald
Philip Martin
Martin
Standard & Poor
European Central Bank
Oil prices rise as clone heads toward Persian Gulf
Oil prices jumped over a dollar a barrel as a clone vessel moved toward the Persian Gulf, signaling potential supply disruption risks. Despite the spike, retail gasoline prices eased from recent highs in a separate development.
MENTIONED IN THIS ARTICLE
Persian Gulf
Veteran manager Gilman Gunn favors safety over frothy gains
Otis Fund veteran manager Gilman Gunn signals willingness to forgo upside in frothy markets to avoid losses in tough times. He steers clear of risky upstarts, preferring predictable, niche-dominant businesses.
MENTIONED IN THIS ARTICLE
Gilman Gunn
Economist warns of bubble risk after Shanghai drop
Quotable alarm from Claire Innes of Global Insight notes the 8.3 percent fall on Monday after a prior 7.7 percent decline last week. She cautions sentiment is fevered and a bubble could burst, fearing a broader market crash.
MENTIONED IN THIS ARTICLE
Claire Innes
Global Insight
Shanghai
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