NEW YORK (Reuters) – U.S. stocks tacked on further gains to push the S&P 500 to a two-year high on Monday, continuing a steady upward march investors believe will continue in 2011.
Volume was light, as is expected through the rest of 2010. Investors stayed with sectors that have led a sharp December rally, including financials, [...]
Continue reading about Wall Street edges higher on energy and financial shares
BEIJING – China and Russia signed agreements Monday to boost energy cooperation, while Moscow said it is ready to supply its energy hungry neighbor with all its natural gas needs.
No dollar value was given to the agreements signed during a state visit by Russian President Dmitry Medvedev, but they include documents on cooperation in coal, [...]
Continue reading about Long energy cooperation Between China and Russia
Oil falls to near $82 on weak US crude demand
Oil prices fell slightly from a three-month high above $82 a barrel Wednesday in Asia after a report showed U.S. crude inventories fell less than expected last week, suggesting demand in the U.S. remains sluggish.
Benchmark crude for September delivery was down 38 cents to $82.17 a [...]
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Wall St climbs to 10-week high on energy
U.S. stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker U.S. dollar lifted the energy and raw materials sectors.
Strong results in Europe from BNP Paribas SA (BNPP.PA) and HSBC Plc (HSBA.L)(HBC.N) added to the upbeat [...]
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