Discouraging economic data from around the globe have heightened fears that another recession is on the way.Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region's debt crisis and sputtering economy.
ECB Rate Hike Likely After Inflation Data Supports Monetary Tightening
U.K. Inflation Data shifts Focus to Possible May Rate Hike
The British Pound is trading higher this morning after it was reported that annual inflation soared to 4.0 percent in January. This rate was the highest level for more than two years. The increase was 0.3 percent higher than December’s 3.7 percent, but lower than analysts’ consensus forecast for a year-on-year rise to 4.2 percent.
Greenback Down for Week but Jobs Data Offers Ray of Light
GRHU, AVNR, GILD, FTNT, BRCM, - GreenHouse Holdings, Avanir Pharmaceuticals, Gilead Sciences, Fortinet and Broadcom Stock Report
GreenHouse Holdings, Inc. (OTCQB:GRHU) previously announced the signing of multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million. The recently acquired LPI subsidiary provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
CRWE.OB, CCIh, IART, INFA, - Crown Equity Holdings Inc., ChinaCache International, Integra LifeSciences and Informatica
Crown Equity Holdings Inc. (CRWE.OB) previously expanded its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase the company’s up to date news and world affairs from the Mid-East, Far East and Europe online news wires.
GRHU, ADGF, AE, ADCT, - GreenHouse Holdings, Adams Golf, Adams Resources & Energy and ADC Telecommunications Stock Report!
Better Economic Data, Fed Survey Rumors Fuel Canadian Dollar Rally
Better economic news from the Euro Zone coupled with an improved U.S. Weekly Job Claims report helped drive traders into risky assets, boosting demand for the Canadian Dollar.
Although economic news may have underpinned the market during the New York trading session, it was a report circulating regarding the U.S. Federal Reserve that initially fueled the rally.
PWRM.OB, CSCO - Wall Street Weekend Update From PennytoBuck.com - Power3 Medical Products, Cisco Systems Inc
Cisco (NASDAQ:CSCO) recently announced that it is collaborating with the city of Holyoke, Mass. to initiate several strategic pilot programs aimed at advancing the city's vision for redevelopment. To commence the next phase of its cooperative relationship with Cisco, Holyoke will focus the initial series of pilot programs on supporting economic, social and environmental transformation.