Economy News
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Fourth-quarter growth cut to 2.4 percent
WASHINGTON - The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, suggesting some loss of momentum heading into 2014.
Fed officials downplay worries over U.S. growth
- Despite recent signs of a possible slowdown, the growth story for the U.S. economy remains intact, top Federal Reserve officials said on Friday, suggesting they will continue to support reductions in the Fed's massive bond-buying program.
Pending home sales edge up in January
WASHINGTON - Contracts to buy previously owned U.S. homes edged up in January after a weather-related hit at the end of last year, offering hope the housing recovery would get back on track.
Consumer sentiment inches up in February
NEW YORK - Consumer sentiment rose marginally in February even as concerns about the extreme weather persisted, a survey released on Friday showed.
Swedish fourth-quarter GDP expands at fastest pace in three years
STOCKHOLM - Sweden's fourth-quarter gross domestic product expanded at the fastest pace in three years, growing more than twice expectations at a 1.7 percent clip from the previous quarter and sending the Swedish crown higher.
Economists warn of more market 'tantrums' as U.S. Fed tightens
NEW YORK - Financial market turbulence will likely return when the Federal Reserve decides to hike interest rates, top U.S. economists said in a paper that warns of the potential consequences of the Fed's extraordinary stimulus program.
EU-U.S. trade talks face growing hostility, ministers warn
ATHENS - Free-trade talks between the United States and the European Union are in danger of being derailed by populist groups opposing everything from globalization to multinationals, EU ministers and business leaders said on Friday.
Fed's Kocherlakota: policy must heed financial stability risks
- A top Federal Reserve official known for his dovish views on policy acknowledged on Friday that monetary policymakers may need to take financial stability risks into account when making policy choices.
Fed's Fisher - U.S. should halt major asset purchases when feasible
FRANKFURT - The U.S. central bank should completely stop with its large scale asset purchases as soon as feasible, Dallas Federal Reserve Bank President Richard Fisher said on Friday.
Brazil manufacturing sector extends meager growth in February: PMI
SAO PAULO - Brazil's manufacturing activity expanded for the third straight month in February, though at a very timid pace as growth in new orders cooled, a private survey showed on Friday.
Markets
- U.S.
- Europe
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- Sectors
| DOW | 16,367.17 |  +94.52 |
+0.58% |
| S&P; 500 | 1,865.28 | +10.99 |
+0.59% |
| NASDAQ | 4,336.05 | +17.12 |
+0.40% |
| TR US Index | 170.87 | +0.98 |
+0.58% |
-82.04Sector Summary
| Energy | +0.87% |
| Basic Materials | +0.31% |
| Industrials | +0.55% |
| Cyclical Goods & Services | +0.38% |
| Non-Cyclical Goods & Services | +0.65% |
| Financials | +0.50% |
| Healthcare | +0.60% |
| Technology | +0.34% |
| Telecoms | +0.16% |
| Utilities | +0.60% |
Escalation in Crimea
Troops patrol Crimean airports.
Canada posts December budget surplus of C$1.15 bln
* April-Dec deficit narrows to C$12.70 bln vs yr-ago C$14.35 bln
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