Belleville News-Democrat Logo

IMF report, commodities chill investors | Belleville News-Democrat

×
  • E-edition
    • Site Information
    • Contact Us
    • About Us
    • Archives
    • Advertise
    • Advertise with Us
    • Media Kit
    • Mobile
    • Mobile Apps & eReaders
    • Newsletters
    • Social
    • Facebook
    • Twitter
    • Google+
    • Instagram
    • YouTube

    • All News
    • Metro-east News
    • MetroLink crime database
    • Business
    • Congressional shooter
    • Crime
    • Belleville News
    • Education News
    • Violation of Trust
    • Sometime in the Night
    • Then I Knew
    • O'Fallon Progress
    • Highland News Leader
    • State|Region News
    • Nation|World News
    • Politics and Government
    • Scott Air Force Base
    • Submit a News Tip
    • Public Salaries
    • Send Us Your Photographs
    • All Sports
    • Cardinals
    • Cheap Seats Blog
    • Blues
    • Colleges
    • High Schools
    • Recruiting
    • Chiefs
    • High School Football
    • High School Baseball/Softball
    • High School Basketball
    • Send Us Your Photographs
    • Politics
    • Elections
    • All Living
    • Metro-east Living
    • Entertainment
    • Food
    • Horoscopes
    • Health Sections
    • Ask Heidi
    • Special Sections
    • Records
    • Contests
    • Comics
    • Puzzles & Games
    • Celebrations
    • Send Us Your Photographs
    • All Opinion
    • Editorial
    • Glenn McCoy
    • Letters/Sound-off
    • Submit a Letter
  • Obituaries

    • Today's Hot Deal
    • Today's Circulars
    • Service Directory
  • Classifieds
  • Jobs
  • Moonlighting
  • Cars
    • Homes
    • Local Homes for Sale
  • Legals
  • Place Ad
  • Mobile & Apps

Business

IMF report, commodities chill investors

Associated Press

    ORDER REPRINT →

July 09, 2009 03:01 AM

Investors can't shake their worries that economy won't be able to lock in a recovery by the end of the year.

Stocks finished mostly lower after zigzagging Wednesday as a mixed outlook on the economy from the International Monetary Fund and falling commodity prices added to a downbeat mood.

Another tumble in oil prices dragged energy shares lower and reflected concerns that demand for resources will remain weak as the economy struggles.

The IMF said Wednesday it expects the world economy to shrink by 1.4 percent in 2009, slightly worse than its earlier estimate of 1.3 percent. But it boosted its estimate for global economic growth in 2010 to 2.5 percent, up from its April projection of 1.9 percent.

Sign Up and Save

Get six months of free digital access to Belleville News-Democrat

SUBSCRIBE WITH GOOGLE

#ReadLocal

Meanwhile, oil prices fell for a sixth straight day, dropping $2.79 to settle at $60.14 a barrel, tumbling sharply from an eight-month high of $73 in just one week.

In other signs of investor unease, bond prices and the dollar both rose sharply.

Stocks drew some support from a strong auction of 10-year Treasury notes. That helped allay one of the market's recent worries, that the government would have trouble finding enough buyers for the massive amount of debt it's issuing. Investors also flocked to the safety of government debt because they are worried about the economy.

  Comments  

Videos

The basics of horizontal drilling and hydraulic fracturing

Old Towne Mall in Belleville gets a new tenant

View More Video

Trending Stories

Jack Crab opens in Fairview Heights. Here’s a guide to the new seafood restaurant

February 20, 2019 10:01 AM

Would you pay a tax for every mile you drive on Illinois roads? Lawmaker says idea not ready.

February 19, 2019 04:55 PM

O’Fallon couple makes left-hand turn after church and ends up saving a life

February 19, 2019 09:47 AM

Police searching for suspect after man shot and killed in East St. Louis

February 19, 2019 10:47 AM

Lindenwood’s interim president doesn’t have a college degree

February 19, 2019 12:38 PM

Read Next

Muslim group seeks congressional probe on terror watchlist

Business

Muslim group seeks congressional probe on terror watchlist

By MATTHEW BARAKAT Associated Press

    ORDER REPRINT →

February 20, 2019 05:21 PM

A Muslim civil-rights group is calling for a congressional investigation after its lawsuit revealed the federal government has given access to its terrorist watchlist to more than 1,400 private entities, including hospitals and universities.

KEEP READING

Sign Up and Save

#ReadLocal

Get six months of free digital access to Belleville News-Democrat

SUBSCRIBE WITH GOOGLE

MORE BUSINESS

The Latest: UK’s May, EU’s Juncker say talks ‘constructive’

Business

The Latest: UK’s May, EU’s Juncker say talks ‘constructive’

February 20, 2019 01:38 PM

Business

The Latest: French court fines Swiss bank UBS $4.2 billion

February 20, 2019 07:09 AM

Business

Climate change doubter is leading effort to advise Trump

February 20, 2019 05:31 PM
Walz needs GOP help to deliver on agenda for rural Minnesota

Business

Walz needs GOP help to deliver on agenda for rural Minnesota

February 20, 2019 05:25 PM

Business

Hattiesburg ex-mayor DuPree running for secretary of state

February 20, 2019 05:15 PM

Business

Business groups back income tax bill; farm groups lukewarm

February 20, 2019 05:14 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Subscriptions
  • Start a Subscription
  • Customer Service
  • eEdition
  • Vacation Hold
  • Pay Your Bill
  • Rewards
Learn More
  • About Us
  • Contact Us
  • Newsletters
  • News in Education
  • Archives
Advertising
  • Place a Classified Ad
  • Advertise With Us
  • Shopping
  • Local Deals
Copyright
Privacy Policy
Terms of Service


Back to Story