Sentiment Lukewarm As Overbought Markets Await Trading Cues
The major U.S. index futures are pointing to a flat opening on Friday, with sentiment indecisive as the markets trade at overbought levels. Economic reports released earlier in the day failed to give a clear direction to the markets. Consumer prices rose more than expected, while there has been a moderation in activity of the manufacturing sector of the New York region. ... Read News
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Wall Street Cautious Amid Sojourn In Overbought Zone
After the stellar run up that has been aided by positive economic tidings, Wall Street mood appears to be cautious, as it awaits another batch of market moving economic numbers. The U.S. index futures currently point to a slightly lower open. Earlier in the day, Asian stocks closed mixed, while European stocks are uniformly lower. ... Read News
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Wheeler Mulls China-Style Curbs To Quash Kiwi Home Boom: Economy
New Zealand’s central bank Governor Graeme Wheeler is considering Chinese-style lending restrictions to curb a housing boom as weak economic growth and a surging currency rule out economy-wide interest rate rises. ... Read News
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