Dow Nearing 200 Point Gain On Fed Official's Comments - U.S. Commentary []

Dow Nearing 200 Point Gain On Fed Official's Comments - U.S. Commentary []
Positive comments from the Federal Reserve's Vice Chairman have sent stocks sharply higher on Wednesday, as investors find renewed hope for an upcoming interest rate reduction.

Fed Comments Likely To Drive Stocks Higher - U.S. Commentary []
Stocks are headed for a higher opening on Wednesday after the Federal Reserve's Vice Chairman made encouraging remarks and as bargain hunters purchase recently battered financial stocks.

Sterling Weakens Versus Majors As UK House Prices Fall [GPB/USD]
The sterling was broadly weaker versus other major currencies Thursday morning in New York, with traders considering data showing that house prices in Britain fell in November for the first time since February 2006.

Stocks Fall On Sears Earnings - U.S. Commentary []
Wall Street is posting modest losses on Thursday, reversing two straight sessions of considerable gains, after Sears Holding (SHLD) reported sharply lower quarterly results and on concerns for America's oil supplies.

Global Insight: Economy And Financial Markets Crying Out For Rate Cut []
Nigel Gault, US economist for Global Insight, wrote on Thursday that all incoming evidence suggests that the stellar 4.9% growth rate in the third quarter may have been the last hurrah for the expansion. He said that housing activity continues to plunge, consumer spending growth is slowing, and business investment also seems to be faltering based on yesterday's durable goods orders.