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 October unemployment report to spark marketExperts predict that unemployment climbed to 9.9 per cent in October as it sits just on the fringe of an inevitable surge past ten per cent in the coming months. Euro clears $1.50Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The benefits of online datingThe old adage “The proof is in the pudding” is definitely the best perspective for anyone who questions the benefits of online dating. What is the proof? You could point to the fact that nearly seven to eight percentage of all newlyweds met online, according to a 2007 Harris interactive online poll. About using dating sitesThe exact percentage of marriages that began with a first encounter through dating sates is debatable. Surveys and reports have claimed a wide range of numbers. A Harris interactive study in 2007 showed that around 7-8 percent of newlyweds surveyed met online. Oil back below $70New economic data and warnings on a global front sent a message to markets that the economic recovery was likely to be slow. This signaled oil speculators to assume that demand for oil would not pick up as quickly as some had previously anticipated. This factor, along with more weakness in the dollar, helped lead the dip in oil. Oil back near $60 per barrelIn the midst of rising global stock markets, and a falling dollar, crude oil prices have surged to sit near $60 per barrel, with a close Tuesday (May 12) at $59.59. The dollar has fallen to its lowest mark in nearly four months thanks to the rising global picture and continued concerns about the United State fiscal economy. Wal-mart struggles sign of economic recovery?This week has been known as the retail earnings reports week on Wall Street as many top retailers have reported earnings already this week. With a mixed bag of earnings and compiled data still showing struggles in retail sales, it is tough to figure out what direction retailers are providing for the economy and investors. Don’t cry for them - ExxonBig oil companies like Exxon Mobil and Marathon Oil are likely among those most appreciative that sectors of the economy, like the car industry, have dominated news in recent months. While the Big 3 automakers have come under fire for poor corporate management, credit problems, and use of bailout funds, Exxon and others are basking in the glow of relative silence. E-tailers share mixed earnings reportsWhile earnings in the credit sector have garnered much of the attention the last couple weeks, there have been several important earnings announcements from some big name online-only retailers. The results so far have been mixed with some companies apparently weathering the economic storm, and others suffering along with brick-and-mortars stores and multi-channel retailers during the downturn. One dollar on verge of 100 yenThe strong bounce in the last couple weeks seems to strongly support the continuance of the medium-term upward trend in the dollar-yen ratio. In mid-December, the dollar touched its low point against the yen below 88. It has spent the last 3 ½ weeks making a healthy and consistent climb with gains near 12 pips.
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