Friday, May 22, 2009

Markets pm: Retail earnings set to lift US stocks, FTSE finds su...


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Financial Times
Markets afternoon briefing
Friday May 22 2009

FT.com - Financial Markets News
 
Retail earnings set to lift US stocks
Wall Street stocks were set to rise as positive earnings at two major retailers enticed bargain hunters to look beyond the year's biggest bank failure and come back into the market following three days of selling
http://link.ft.com/r/2SRI11/714OK/EDUN6/DBFRJ/336JZ/N9/h
 
FTSE finds support from mining stocks
London equities recovered some poise, helped by a series of broker upgrades in the mining sector. News of a record operating loss at British Airways provided one of the main talking points
http://link.ft.com/r/2SRI11/714OK/EDUN6/DBFRJ/HVK6D/N9/h
 
Dollar hits five-month low
The dollar dropped to a five-month low against a basket of currencies as fears over the US debt position grew in the wake of a downgrade to the outlook for the UK
http://link.ft.com/r/2SRI11/714OK/EDUN6/DBFRJ/X9LY8/N9/h
 
Gold hits two-month peak on dollar weakness
Gold prices consolidated above $950 an ounce, a two-month peak, supported by the weakness of the US dollar and worries that other big economies could follow the UK and see their sovereign debt top-notch ratings' under review
http://link.ft.com/r/2SRI11/714OK/EDUN6/DBFRJ/D65HK/N9/h
 
Air France falls after BA results
Reaction among Europe's airlines to BA's record loss was mixed. Iberia, the Spanish national carrier that is due to merge with BA, was unperturbed but Air France suffered
http://link.ft.com/r/2SRI11/714OK/EDUN6/DBFRJ/KZICQ/N9/h
 
Asian stocks head for solid weekly gains
The dollar fell to its weakest in almost five months against major currencies on investor worries that the United States would lose its AAA rating, though Asian stocks headed for strong gains
http://link.ft.com/r/2SRI11/714OK/EDUN6/DBFRJ/EO4BI/N9/h
 
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