Gold Slips But Bolstered by Fed Outlook

New York, August 31 (FinanceEnquiry.com) – On Tuesday, gold had rallied by nearly 3 percent after Federal Reserve had indicated possible measures to revive US economy. However, on Wednesday, gold fell but its price is sure to post its highest monthly gain in the past two years. Spot gold lost 0.8...

Evans Recommends More Quantitative Easing Till Economy Grows

New York, August 31 (FinanceEnquiry.com) – Charles Evans, Chicago Fed President has spoken out in favor of the Federal Reserve being more aggressive until the US economy is firmly back on its saddle. He added that the unemployment rate of 9.1 percent is “consistent with recession” and that...

Boeing Tries to Grab Half the Market for Jetliners

New York, August 31 (FinanceEnquiry.com) – In order to meet the challenge from Airbus SAS, Boeing has sharpened its marketing tools to capture half of the total worldwide market for jetliners worth $2 trillion in the next 20 years. Its latest innovation is the fuel-efficient 737 MAX that is being...

Asian Stocks Gain on Fifth Consecutive Day

New York, August 31 (FinanceEnquiry.com) – Speculations that economic growth in the US will be stimulated shortly by Federal Reserve pushed up Asian stocks and consequently the MSCI Asia Pacific Index gained for the fifth day. Yen and the Treasuries also rose on this positive sentiment. As of 3:03 p.m....

US Treasuries Bolstered by Asian Investors

New York, August 31 (FinanceEnquiry.com) – Expectations that the Federal Reserve will resort to further easing after the central bank’s previous policy meeting and the month-end investments by Asian investors bolstered the US Treasuries that firmed inAsiaon Wednesday. The prices of US Treasuries rose...

Consumer Confidence Is Low but Still Vibrant

New York, August 31 (FinanceEnquiry.com) – The US economy might be in the doldrums but Americans are continuing to spend in spite of bleak economic prospects. The latest consumer confidence data released on Tuesday by the New York-based Conference Board revealed that the consumer confidence index had...

Home Prices Rise in Boston for Second Consecutive Month

New York, August 31 (FinanceEnquiry.com) – The housing market in theBostonarea got a boost when the home prices rose for the second consecutive month in June. The S&P Case-Shiller Home Prices Indices reported that the rise in home prices in June was 2.4 percent and that this rise comes after a year...

Indications of Rising Stockpiles Lower Oil Prices

New York, August 31 (FinanceEnquiry.com) – Indications that US crude stockpiles are rising have fueled speculations that fuel demand in the world’s biggest consumer of oil is likely to falter in the days to come. Oil prices declined on such sentiments and are likely to head for the biggest monthly...

Euro Zone Debt Crisis Pulls Down Euro

New York, August 31 (FinanceEnquiry.com) – Worries about the euro zone debt crisis, weaker than expected demand at an Italian debt auction, and concerns about the terms of a Greek bailout deal brought down the euro on Tuesday. It fell to a session low of $1.4380 and by the end of the day, it fell 0.7...

China Construction Bank Stock Soars with Bank of America Cutting Its Stake

New York, August 30, (FinanceEnquiry.com) – A rise of 4 percent was witnessed in the shares of China Construction Bank on Tuesday after Bank of America announced that it will cut its stake in the Chinese Bank by half. It holds 10 percent stake and its decision to reduce its stake removed many...

Worries about Possible Recession Recede as Consumer Spending Increases in US

New York, August 30 (FinanceEnquiry.com) – Wall Street got a lift when information regarding consumer spending in July was released. It grew by 0.8 percent in July as against a decline in June. With Americans buying more cars and spending more for consumer goods, it appeared thatUSeconomy is looking up and...

Obama

New York, August 30 (FinanceEnquiry.com) – With a weak economy that has shed 6.8 million jobs since the pre-recession peak, Obama