Word: stockly
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...vaunted economic recovery turns out to be a dud. The country's better-than-expected GDP performance is one reason for the current view that the global economy is poised to resume growth, an optimistic reading that in turn is helping fuel investment rallies around the world. But stock markets anticipate the state of the economy and corporate earnings months in advance, so today's euphoria can turn into ashes if the reality falls short of expectations...
...topped $1.1 trillion, far higher than the government's $735 billion target for the year. Most of the money is aimed at funding infrastructure projects under Beijing's two-year, $585 billion stimulus package. But according to government researchers, about $170 billion in bank loans were channeled into the stock market from January to May, which partly explains the 87% rise in Chinese equity values so far this year...
...husband. Whenever the country appeared to be in a crisis, Cory Aquino rose above the bureaucratic procrastination that had always bogged it down, reminding her people that they once astonished the world with their bravery - and that they could do it again. But Filipinos must now take stock. Whom will they march with now that their saint has gone to meet...
...boosting its share of global car sales to 12% from 9.9% in the first half of the year. Yes VW's second quarter profits, released July 30, were down 83%, but have you seen the competition's numbers? The markets certainly like the look of the German firm: its stock price surged 5% the day the latest figures were released. "Even in a particularly difficult phase in the international automotive markets we were able to gain share in key markets. This has further improved our position on our way to the top," said Winterkorn in a statement announcing the results...
...problem has been complicated by widespread dealer shutdowns - no change in inventory but fewer dealers to sell it - so the correction process is far from complete. Carmakers had nearly 3 million units on hand at the end of 2008 and could have any many as 2 million units in stock by the end of 2009, according to an estimate by the consulting firm PricewaterhouseCoopers...