Risk petite is still on shaky ground following the release of the Feds Stress Test just a few weeks ago. Since then, another attempt to spark investor optimism was made; but fundamentals are stacking up against a true changing of the guard for the market.
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- Patni Q3 Revenues up 3.3% at $167.2 million Net Income* up 24.5% QoQ (Business Wire)
- Commodities retreat as dollar gains strength (AP)
- Safe-haven dollar gains as consumer spending weak (AP)
- iPhone comes to China without key feature (AP)
- Europea faces tough path to recovery (AP)
- Oil trades below $79 as US dollar strengthens (AP)
- The Washington Post Company Reports Third Quarter Earnings (Business Wire)
- Stocks sizzle as China debuts start-ups market (Reuters)
- Euro dips against dollar in European morning trade (AP)
Fri, May 22, 2009
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