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The latest report on Thursday regarding leading economic indicators showing the outlook for the US economy was a possible cause of 3 month low in home sales. Coupled with a jump in jobless claims in June the economic slowdown may last until the end of the current year.
Hiring of IT Contractors surged in June, a recent survey has found. The research was commissioned by London pre-employment screening firm Powerchex, and shows mixed results for the financial industry overall. But there was strong, recent growth among job offers for IT contractors and Investment banking.
Investors seemed to be in a holding pattern today with second quarter earnings reports just around the corner. Even with a slight gain of 18 points in the Dow Jones industrial average for every stock that gained two were in the red.
With hopes of a strong report on 2010 company second quarter earnings investors helped the stock market end with its best week in a year. Rising 59 points the Dow Jones had its largest gain of 5.3 per cent but there was light trading volume as investors seemed to want to stay out of the market for the day.
Chicago based CBOE Holdings Inc. stock shares dipped for the first time on Thursday below the IPO’s price of $29 and closed Friday at $28.97, which is down 4 cents on the day. Since the stock started trading on June 15 of this year the lowest point has been $28.45.
On the 78th day after an explosion killed 11 people and burst an oil well which scientists say is gushing up to 60,000 barrels a day, BP shares were trading just off a two-week high, supported by a brokerage upgrade and reassurance that it had no plans to issue shares to help pay for the spill.
Accounting giant KPMG’s recent survey on corporate tax in the Asia-Pacific region has once more listed Singapore as the third-lowest after Macau and Hong Kong. Although Singapore’s 2009 budget had cut the rate from 18 per cent to 17 per cent
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