Latest News in Stock Funds Markets – Dec 03, 2008

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S&P hits session low after poor services data – Boston Globe

3 Dec 2008 at 8:58am
NEW YORK (Reuters) – The S&P 500 hit session lows on Wednesday after data showed the service sector hit a record low in November, adding to pessimism fueled by a gloomy outlook from BlackBerry maker Research in Motion . * The Institute of Supply …

Oil up above $47 ahead of U.S. inventory report – Reuters

3 Dec 2008 at 5:59am
LONDON (Reuters) – Oil rose above $47 a barrel on Wednesday but the gains could be limited as further signs of weakening U.S. oil demand are expected to emerge in weekly data due out later in the session. The market has fallen $100 a barrel from July …

FOREX-Yen gains, risk aversion hits stocks worldwide – Reuters

3 Dec 2008 at 6:56am
NEW YORK, Dec 3 (Reuters) – The yen extended gains across the board on Wednesday, reflecting heightened risk aversion as investors cut back on investments in higher-yielding assets while stocks fell around the world. Currency moves were subdued ahead …

Nikkei gains as optimism spreads after Wall St rise – Economic Times

3 Dec 2008 at 8:01am
TOKYO: Japan’s Nikkei average rose 1.5 percent on Wednesday as investors snapped up bargains such as Sony Corp and other beaten-down exporters on cautious optimism that things may start to improve on Wall Street. But automakers bucked the rising …

Oil rebounds on skimpy crude inventory report – WTOP Radio

3 Dec 2008 at 8:51am
SIOUX FALLS, S.D. (AP) – Oil prices rebounded from three-year lows Wednesday as investors weighed falling global demand with a new government report showing an unexpected decline in U.S. crude inventories. Light, sweet crude for January delivery …

Va. Tech students handle bond fund – Lynchburg News and Advance

3 Dec 2008 at 8:22am
With the stock market lurching like an erratic elevator, the housing bust and credit crunch tipping the nation into recession and financial institutions struggling to find cash, it seems a wildly uncertain time to be learning about investment …

Energy Savings Income Fund Announces December Distribution – Market Wire

3 Dec 2008 at 7:39am
TORONTO, ONTARIO–(Marketwire – Dec. 3, 2008) – Energy Savings Income Fund (TSX:SIF.UN) filed notice with the Toronto Stock Exchange today announcing its regular distribution for December. A distribution of $0.10333/unit will be paid on December 31st …

Fund houses see assets dip 7% in Nov – Business Standard

3 Dec 2008 at 7:39am
With this, the AAUMs of the industry have fallen 26 per cent in the September-November period. In November, the Bombay Stock Exchange (BSE) benchmark index, Sensex, fell 7.1 per cent. Fund industry officials said that this fall has largely been …

Macquarie Global Infrastructure Total Return Fund Inc. Declares … – PR Inside

3 Dec 2008 at 7:18am
www.macquarie.com/mgu – Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (the “Fund”) declared today its regular quarterly distribution for the period ending December 31, 2008 of $0.25 per share. Based on the Fund”s net asset value …

Stock & fund quotes – ninemsn

3 Dec 2008 at 7:11am
NEW YORK, Dec 3 (Reuters) – U.S. stocks were set to slide at the opening on Wednesday as a gloomy outlook from tech bellwether Research In Motion Ltd and data showing labor market weakness suggested a deepening slump. Before the release of the …

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December 03 2008 08:37 am | Stock Market News

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