Friday wrap: Stock markets fall as investors turn thumbs down on latest batch of U.S. earnings
TSX down 2.24% on the week
- By: Malcolm Morrison
- January 15, 2010 January 15, 2010
- 16:50
TSX down 2.24% on the week
J.P. Morgan Chase disappoints
N.Y. closes higher ahead of Intel earnings
First rate hike won’t take place until the fourth quarter of 2010, say TD economists
Continued strong growth in consumer credit in stands in stark contrast to much of the rest of the world
For year as a whole, growth will average 2.3%
Retail, employment data disappoints
New York indices rise as Fed’s Beige Book indicates the recovery is spreading
Aging population will mean lower economic growth potential, smaller tax revenues
N.Y. futures point to weak open
N.Y. lower as U.S. trade deficit jumps
Hefty U.S. deficit will put pressure on U.S. bonds, Shenfeld says
Low interest rates and a renewed cyclical widening of the U.S. current account deficit should push the currency lower
Imports jump 3.9%
Year-over-year prices down 1.4%
China moves to tighten credit
No new spending announcements in upcoming budget
Current hot market based on temporary factors
N.Y. mainly up ahead of Alcoa earnings
Currency fluctuations are not likely to be as dramatic as they were in 2009
Default rate dips in fourth quarter
Still better than a year ago: StatsCan
Loans more readily available, Bank of Canada says