MARKET SNAPSHOT: U.S. Stocks Pare Gains; Home Sales Disappoint

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks got off to a shaky start on Thursday as the main benchmarks switched between small gains and losses as investors weighed upbeat earnings against weaker-than-expected home sales ...

U.S. Jobless Claims Drop To Lowest Level Since 2006

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Sarah Portlock and Eric Morath WASHINGTON--New applications for unemployment benefits plunged last week, reaching an eight-and-a-half-year low and suggesting increasing strength in the labor market. Initial claims for jobless aid, a proxy for layoffs, fell by 19,000 to a ...

Canada Job Insurance Claims Slip 0.6% in May from April

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Carolyn King The number of people in Canada filing for initial and renewal claims for unemployment insurance benefits fell 0.6% to 225,700 in May from April, Statistics Canada said Thursday. Claims in Canada's two most populous provinces declined, falling ...

MARKET SNAPSHOT: U.S. Stocks Edge Higher; Earnings In Focus

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks edged higher on Thursday with the modest gains pushing the S&P; 500 into record territory for the second straight day this week. Investors digested a deluge of ...

U.S. Treasurys Fall, Tipping 10-Year Yield Above 2.5%

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Cynthia Lin U.S. Treasury prices pulled back Thursday on encouraging economic signals around the world, tilting the 10-year yield back above 2.5%. In late-afternoon trading, benchmark 10-year notes lost 12/32 in price to yield 2.507%, according to Tradeweb. The ...

Argentina Reports Continuing Economic Weakness in May

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Shane Romig BUENOS AIRES--Argentina's gross domestic product proxy for May dipped slightly on the year but edged higher on the month as the economy continued to be mired in recession. In May, the indicator fell 0.2% on the year, ...

Turkish Central Bank Demands Dollars

TODAY: July 24, 2014 PUB DATE: July 24, 2014

ISTANBUL--Turkey's central bank demanded Thursday that local lenders convert their euro-denominated reserve requirements to dollars, in a move to safeguard mandatory deposits from currency fluctuations and losses following the European Central Bank's decision to cut a key interest rate below ...

Dollar Flat Against Yen Amid Lack of Fresh Cues

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Hiroyuki Kachi The dollar was almost flat against the yen in Asian trade Thursday, with investors reluctant to take strong positions given a lack of fresh cues. As of 0450 GMT, the U.S. dollar inched down to Y101.45 from ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...

South Korea GDP Expands 0.6% in 2nd Quarter

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Kwanwoo Jun SEOUL--South Korea's economic growth slowed in the second quarter to its weakest in more than a year on sluggish consumer spending in Asia's fourth-largest economy. Gross domestic product rose a seasonally adjusted 0.6% in the April-June period ...

HSBC China Flash Manufacturing PMI Rises to 52.0 in July -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity rose to an 18-month high in July, suggesting Beijing's efforts to stimulate growth are paying off. The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 52.0, ...

MARKET SNAPSHOT: U.S. Stocks: Futures Up With Eyes On Ford, Facebook

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- Stock futures rose ahead of earnings from Ford Motor Co. and Caterpillar Inc. on Thursday, with investors inspired after Facebook busted through Wall Street's expectations. Data reports return to the calendar, with a ...

French Private-Sector Activity Declines -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Paul Hannon French private-sector activity declined for a third straight month in July, but at a slower pace as the services sector returned to growth while manufacturing slipped deeper into contraction. By contrast, Germany started the third quarter on ...

U.S. Treasurys Extend Losses After Jobless Claims

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Cynthia Lin U.S. Treasury prices slipped to session lows Thursday after an encouraging report on the labor market, tilting the 10-year yield back above 2.5%. In early New York trading, benchmark 10-year notes lost 10/32 in price to yield ...

ASIA MARKETS: Hong Kong Stocks Climb To Three-year High

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Laura He, MarketWatch HONG KONG (MarketWatch) -- Hong Kong stocks hit their best close in more than three years Thursday, after a preliminary reading of Chinese manufacturing sector rose to an 18-month high, adding to signs that the economy ...

French Private-Sector Activity Declines in July

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Paul Hannon French private-sector activity declined for a third straight month in July, but at a slower pace as the services sector returned to growth while manufacturing slipped deeper into contraction. Data firm Markit on Thursday said its composite ...

European Central Bank Announces Data Theft

TODAY: July 24, 2014 PUB DATE: July 24, 2014

FRANKFURT--The European Central Bank said Thursday that email addresses and contact data left by people registering for events at the central bank has been stolen. "There had been a breach of the security protecting a database serving its public website. ...

Philippine Aide Says Funds Weren't Used to Reward Lawmakers

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Cris Larano MANILA--A top aide to Philippine President Benigno Aquino III told a Senate hearing Thursday that the administration didn't bankroll lawmakers' pet projects in return for their votes to impeach the chief justice of the Supreme Court two ...