- Global Shares Inch Up Ahead of China Data Reuters
Asian shares are inching up as investors turn to data from China for any policy implications on future stimulus, amid guarded optimism for decisive action by Europe.
- China's Economic Slowdown Bottoming Out Reuters
China's industrial output and fixed-asset investment are expected to show signs of picking up this week, indicating that the economy is starting to stabilize.
- HP Braces for Huge Loss After $8 Billion Writedown Reuters
Hewlett Packard warned of a mammoth quarterly loss after writing down $8 billion on the value of its services business.
Any notion that a boom in housing alone will be the key to a fully recovered American economy should be eradicated, says Goolsbee.