• Wednesday, March 10th, 2010
Economic Report: China’s consumer prices rise more than expected
China’s consumer price index accelerate to a pace of 2.7% in February from the year-earlier month, driven by a surge in food prices.


Economic Report: Japan growth revised down, as deflation deepens
The Japanese government revises fourth-quarter gross domestic product growth down due to slightly weaker corporate capital expenditures and private inventories, and also tweaks downward a gauge measuring prices to show record-deep deflation.


Economic Report: Australia unemployment rate matches forecast
Australia’s unemployment rate climbs in February, with the result matching market forecasts, although a disappointment in the number of jobs created sends the Australian dollar lower.


Newsletters & Research: Stymied timers and gathering gold bugs
While most investors feel like geniuses during bull markets, the devastation caused by bear markets tends to rekindle investor interest in market timing. But is market timing ever successful at calling the critical junctures between bull and bear markets? Given the volatility over the past decade, market timers have certainly had ample opportunity to demonstrate their supposed prowess.


How the major stock indexes fared on Wednesday (AP)
AP – Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies’ inventories. The Dow Jones industrials rose only 3 points as the market remained in a lull that began on Monday. Many investors stayed on the sidelines amid an absence of news that could influence trading.
New York governor rejects reimposing stock transfer tax (Reuters)
Reuters – New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey’s Newark, or other states like Connecticut, Governor David Paterson said on Monday.
A decade later, lessons in the Nasdaq collapse (Reuters)
Reuters – Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points — a peak that the technology-heavy market shows no sign of scaling again any time soon.
Personal Finance Daily: Banks will find ways to replace overdraft fees
Bank of America said it will soon prohibit most debit-card transactions if the account owner doesn’t have money in his or her account, and other banks are expected to follow suit ahead of new rules that will require banks to alert customers before covering an overdraft.


Asian stocks ease after China data, yen struggles
SINGAPORE (Reuters) – Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan’s economy may need more support.

