WSJ.com: Markets

Stocks Mixed; Oil Weaker

Fri, 10 Jul 2009 10:07:53 EDT

Major market benchmarks traded mixed as investors digested new economic data and earnings news. Crude was under $60.

Recovery Doubts Lift Treasurys

Fri, 10 Jul 2009 09:26:41 EDT

Treasurys rallied as rising doubt about the strength of an economic recovery caused investors to lose risk appetite and seek comfort in government debt.

Citigroup Shakes Up Leaders to Pacify U.S.

Fri, 10 Jul 2009 00:08:06 EDT

Citigroup shuffled executives, including removing its finance chief, as it moved to appease U.S. regulators.

The Failure of a Fail-Safe Strategy

Fri, 10 Jul 2009 00:08:06 EDT

Asset allocation, a bedrock of investing for decades, appeared to fail miserably in 2008, sending many investors back to the drawing board.

Safety Moves Boost Dollar, Yen

Fri, 10 Jul 2009 09:16:45 EDT

The dollar and the yen extended their overnight gains, as a renewed wave of risk aversion bolstered the currencies as investors sought to escape riskier positions.

Japan Shippers Fall, Nikkei Flat

Fri, 10 Jul 2009 07:17:18 EDT

Asian markets ended mostly lower with Japanese shipping stocks falling, but several companies made strong trading debuts in China. The Nikkei ended flat.

Auto Shares Drag Down Europe's Markets

Fri, 10 Jul 2009 04:33:26 EDT

With little direction due to quiet sessions in the U.S. and Asia, European stocks fell. Auto and oil shares led the declines.

Dim Demand Outlook Saps Crude

Fri, 10 Jul 2009 10:03:35 EDT

Crude-oil futures extended their decline, falling below $60 a barrel, after a leading forecaster maintained its dismal outlook for 2009 oil demand.

IEA Oil-Demand Forecast Improves

Fri, 10 Jul 2009 09:06:12 EDT

The International Energy Agency slightly revised up its 2010 world oil-demand forecast but cautioned that consumer and industrial appetite for oil this year remains feeble.

Cerberus Overhauls Fund Terms

Fri, 10 Jul 2009 09:04:35 EDT

Cerberus Capital moved to appease investors, setting a plan to sell assets for those who want out and setting new terms for those who stay.

Infineon to Raise New Capital

Fri, 10 Jul 2009 08:26:45 EDT

Infineon Technologies said it will launch a rights issue guaranteed by financial investor Apollo Global Management, the second measure within days to ease its refinancing concerns.

CME's Futures Power Faces a Test

Fri, 10 Jul 2009 00:08:26 EDT

Futures-exchange operator CME Group is about to face a low-price challenge to its dominant market share in Treasury-bond futures.

Asset Flight Slows, Says Man Group

Fri, 10 Jul 2009 00:08:26 EDT

Man Group, the world's largest listed hedge-fund firm, said that a year-long exodus of client money had slowed in recent months.

BOE Halts Bond Buys

Fri, 10 Jul 2009 00:08:26 EDT

The Bank of England held off on expanding a bond-buying program aimed at jump-starting the U.K. economy.

From Hong Kong, a Yuan Song

Fri, 10 Jul 2009 00:08:26 EDT

Joseph Yam would like to see shares traded with the Chinese yuan and the Hong Kong dollar, as markets in Hong Kong and the mainland become more "interactive."

Exxon Shale-Gas Find Looks Big

Fri, 10 Jul 2009 00:08:06 EDT

Exxon Mobil said drilling results from its first wells in Canada's Horn River Basin shale-gas field indicate that it is likely to be a very productive source of natural gas.

Pimco Benefits From Treasury Rally

Thu, 09 Jul 2009 17:07:36 EDT

Pimco, a long-term Treasury bear, has made money buying U.S. government notes with the recent recovery in the bond market.

China Merchants Bank Plans Rights Issue

Thu, 09 Jul 2009 23:15:23 EDT

China Merchants Bank is planning to raise $3 billion in a rights issue to replenish its capital base after last year's acquisition of Wing Lung Bank.

Firms Fight Derivatives Regulation

Fri, 10 Jul 2009 00:08:06 EDT

Companies like Caterpillar, Boeing and 3M are lobbying Congress to push back on proposals to regulate the over-the-counter derivatives market.

Missed Bond Interest Equals Default

Thu, 09 Jul 2009 23:15:23 EDT

A British trade body settled a controversy over whether Bradford & Bingley's nonpayment of bond interest counted as a default -- and the answer is yes.

China's Bill Auction Fails Again

Fri, 10 Jul 2009 02:33:07 EDT

China failed to attract enough bids to complete a bill auction for a second time this week, highlighting investor concern over inflation and tight liquidity ahead of a stock offering.

Chinese Rates Guided Higher

Thu, 09 Jul 2009 23:15:23 EDT

China's central bank drained cash from the money market and guided market interest rates higher, a move that seems aimed at heading off inflation.

Appetite for Risk Hurts Dollar

Fri, 10 Jul 2009 00:08:26 EDT

The dollar retreated sharply against the euro and the pound as risk appetite revived and the dollar's status as global reserve currency again came into focus.