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"American businesses were pulling back on purchases of new equipment even before the U.K. vote to exit the European Union rocked global financial markets, a sign of corporate caution that will likely continue to act as a brake on the economy.", www.wsj.com
"As if Brexit weren't enough disheartening market news for one day, investors also learned Friday that durable goods orders fell in May. They dropped 2.2% when a drop of just 0.6% was expected by economists. April new orders were also revised down sharply.Such a large disappointment would normally be enough to send Treasury yields lower. But this news was far overshadowed by the Brexit vote. ", blogs.barrons.com
"New orders for US manufactured capital goods unexpectedly fell in May as demand declined broadly, suggesting business spending will remain a drag on economic growth in the second quarter. Home of GMA News Online listing top breaking Philippine and international headlines, videos and photos encompassing sections of current events, sports, economy and business, science & technology, pinoy abroad, showbiz entertainment, lifestyle, weather, traffic and local region stories. Also includes foreign exchange rates, lotto results, board exam results.", www.gmanetwork.com
"WASHINGTON: US durable goods orders fell more than expected in May after increasing the two prior months, in fresh evidence Friday of the weakness in the American manufacturing sector.New orders for manufactured durable goods like cars, aircraft, electronics and machinery fell 2.2 percent in May after a 3.3 percent jump in April, the Commerce Department reported. Analysts on average forecast a modest 0.6 percent decline.`A pullback in May was expected but the larger than anticipated, broad-based", www.brecorder.com
"MANILA, Philippines (AP) — Asian shares were mostly lower Thursday despite gains on Wall Street as a weaker dollar negatively impacted Japanese stocks and investors weigh risks amid the Federal Reserve's cautious stance about tightening rates. ANALYST VIEWPOINT: 'The Fed being more cautious about tightening rates should negatively impact stocks, since they are worried about the state of the economy and its ability to withstand higher interest rates,' said IG Market Strategist Bernard Aw. Bank of Korea lowered its key interest rate to a record low Thursday in a move that took market watchers by surprise. The bank lowered the key interest rate twice in 2015 to aid the slowing economic recovery. There are 'considerable downside risks surrounding the future growth path, such as corporate restructuring and the slowdown in global trade.' South Korea has seen weak exports amid low crude oil prices that hit its shipyards and other key export sectors.", www.chron.com
"MANILA, Philippines (AP) — Asian shares were mostly lower Thursday despite gains on Wall Street as a weaker dollar negatively impacted Japanese stocks and investors weighed risks given the Federal Reserve's cautious stance about tightening rates.", www.usnews.com
"NEW YORK (AP) — U.S. stocks are falling Thursday morning and returning some of their recent gains. Banks are skidding on the prospect of a drop in interest rates. Energy companies are slipping with the price of oil and metals companies are also down.KEEPING SCORE: The Dow Jones industrial average slid 53 points, or 0.3 percent, to 17,951 as of 10 a.m. Eastern time. The Standard & Poor's 500 index lost 8 points, or 0.4 percent, to 2,111. The Nasdaq composite declined 15 points, or 0.3 percent, to 4,959. Over the last few days the S&P 500 has reached its highest levels since last July and oil prices have done the same. The Nasdaq is at its highest levels in 2016.ECB WARNING: The president of the European Central Bank warned in a speech Thursday that the eurozone economy needs governments to make more reforms if it is to see higher growth. Mario Draghi noted the central bank could not heal the economy on its own.BANKS BONK: Bond prices rose and the yield on the 10-year", www.northwestgeorgianews.com