The stock price of Johnson Controls, Inc. (NYSE: JCI ) held steady in Monday morning's trading, as the auto parts and construction products supplier reported better-than-anticipated quarterly earnings, notwithstanding such earnings having fallen by 63 percent year-on-year, due to the

Pratt & Whitney, a holding of United Technologies Corporation (NYSE: UTX ) responsible for designing, manufacturing and servicing aircraft engines, as well as industrial gas turbines and space propulsion technologies, last week reported scooping a contract worth $571.1 million towards

CIT Group Inc. ( NYSE : CIT ) saved themselves at the last minute, the commercial lender announced a deal by which they will receive $3 billion in bail-out funds from bondholders. On Sunday night, CIT's bondholders approved the loan,

The second quarter earnings season had a successful start. Strong corporate results have lead the market forward easing the tension and fear that recession is still far from over. The returning investor's optimism helped raising not only the stock indexes

Webster Financial Corp. ( NYSE : WBS ) posted their second quarterly results on Friday, a profit of $16.8 million, the first positive net income result they've achieved in five quarters, despite a widening continuing operations loss of $48.4 million.

The dollar gained against the yen in Asian trading Monday, buoyed by reports of a lifeline for an ailing U.S. specialty finance firm, but it slipped against other major currencies. With the Japanese markets closed Monday due to the Marine

Australia and New Zealand managed to dominate the Pacific Rim calendar while Japan is closed today for a holiday; as the producer’s price index in Australia managed to drop by a record, while in New Zealand the services sector contracted

The European Futures market has opened up to a solid flow of orders that have bid the major currencies higher against the Usd, have also bid equity markets higher, and supported the oil and gold cash market moves. In all,

Major currency cross rates continue to mirror the swings on the stock markets. As such, ongoing constructive investor sentiment still supports USD/JPY and EUR/USD. The global market reaction to the publication of corporate results will continue to set the tone

10% of the companies have now reported in S&P500. Earnings are not growing, they are contracting in percentage terms over year-ago levels. However they are better than expectations and that is why equities are trading higher and will do so

The greenback and the Yen fell against other major currencies as stocks gained before a U.S. report that economists/traders said will show an index of leading economic indicators rose, damping demand for safer assets. The euro advanced against the greenback

Over the weekend we got more hints that the housing sector in the UK is finding its bottom especially as the nation's biggest residential property and most used real-estate web site posted that prices in London rose on an annual

Overnight markets and U.S. futures advanced after CIT Group managed to avoid bankruptcy, aided by an emergency loan. European markets are trading up by approximately 1.5% after CIT, a large U.S. financial group managed to secure $3bn in an emergency

Underlying dollar confidence will remain fragile with further unease over the risk of a medium-term move away from the US currency. Currency markets generally have been starved of direction over the past few weeks. This will increase the risk that

USD starts the week lower trading at six-week low as global markets rise, crude prices top $64 a barrel and CIT secures a $3 bln loan to avoid bankruptcy, focus turns to today's release of US leading economic indicators and

Risk appetite continues to gain traction at the start of this relatively quiet week. Risk correlated trades have seen decent buying, but overall volume has been light. Equity markets have continued were they left off on Friday, as news that

Risk correlated assets continued to improve in the Asian session. The optimism was sparked by the news that CIT Group may avoid bankruptcy or government bailout by accepting a $3bn loan from bondholders. The EURUSD broke above the 1.4190 horizontal

An increase in risk appetite this morning has sparked some interesting price action including a break above the 1.4200 level in EUR/USD. While the charts are indicating several potential break-outs there is a caveat insofar as a lack of momentum

In Currencies: risk appetite firmly underpinning sentiment as the USD and JPY currencies were under pressure against most other currencies, particularly the commodity correlating and emerging market units throughout the session. Following Wall St scoring its best week in four

A controversy is taking place between policy makers and the financial institutions, in a way or other policy makers' wants tranquility is crawl back in financial markets, in order to ease the prolonged tension and hesitations of financial markets. Raising