China’s recent moves to send the yuan to fresh record highs could point to a new, more rapid appreciation for the currency, both to dampen inflation and help stabilize global markets. See full story.
Is the rise of China and the yuan inevitable?
Some see China’s yuan as destined to serve as a new reserve currency, but Beijing still has a long way to go before it can join the club of truly global economic players, writes Craig Stephen. See full story.
Gold-standard debate back, 40 years after Nixon
Four decades after President Richard Nixon ended the U.S. gold standard, the debate over a return to the gold dollar has now resurfaced in a way we haven’t seen in a while, but with a different role for bankers. See full story.
U.S. stock futures gain after Japan GDP data
Stock futures point to a higher opening for Wall Street on Monday after data show a smaller-than-expected contraction in the Japanese economy and ahead of U.S. reports on the manufacturing and housing sectors. See full story.
Stocks to watch Monday: Ralcorp, Lowe’s, Sysco
Ralcorp again spurns ConAgra, which leaves the door open to potentially further sweetening its bid. See full story.
MARKETWATCH COMMENTARY
I looked up one of the few people who saw the housing bust and financial crisis coming years before they happened: Gary Shilling, economist and author of The Age of Deleveraging. While his steadfast bearishness didn’t surprise me, his blunt assessment did. See full story.
MARKETWATCH PERSONAL FINANCE
Stock market reports this week needed to come with a warning, something like “Don’t try this at home” or “Turn off the sound if you don’t want to spoil the ending.” Lacking that cautionary note, investors were adrift in a sea of conflicting data and emotions. They didn’t need to be.
