World stocks retreated further from last week’s 11-month high on Monday as lower energy and commodity prices and caution ahead of a Federal Reserve meeting and G20 summit prompted investors to trim risky trades.

Leaders of the Group of 20 meet on Thursday and Friday in Pittsburgh and U.S. President Barack Obama said on Sunday he would push world leaders for a reshaping of the global economy in response to the crisis.

World stocks, measured by MSCI have risen over 26 percent this year, recouping more than half of last year’s losses, underpinned by repeated pledges by G20 policymakers to keep emergency support for the economy in place.

“The market might look slightly overbought near term, but the economy is definitely improving, corporate profits are definitely improving, interest rates are staying low, valuations aren’t expensive,” said Nick Nelson, European equity strategist at UBS. MSCI world equity index <.MIWD00000PUS> fell 0.7 percent, while the

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Edison International’s (EIX) second-quarter adjusted earnings of 78 cents per share swept past the Zacks Consensus EPS estimate by 25 cents. However, quarterly EPS fell a penny short of the year-ago profit on an adjusted basis.

Edison International is a California-based utility holding company operating through two principal subsidiaries: Southern California Edison Company, and Edison Mission Group.

Southern California Edison (SCE) is a public utility providing electricity to central, coastal and southern California (excluding Los Angeles). SCE is one of the largest electric utilities in the nation serving a population of 13 million through 4.9 million customer accounts in a 50,000 square mile service area.

Edison Mission Group (EMG) is a wholly owned unit of Edison International. EMG is the holding company for Edison International’s wholly owned subsidiaries, Edison Mission Energy (EME) and Edison Capital. EMG is an independent power producer with net generation capacity of nearly 18,000MW

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Alaska Air Group, Inc.'s (...

Canada’s resource-rich economy is feeling the strain of tumbling commodity prices and falling demand in the US. And that’s bad news for the Canadian dollar. J. Christoph Amberger says the days of parity with the US dollar are long gone. He thinks it’s time to short the loonie.

This taken from Today’s Financial News:

With its main source export revenues plunging down over 50%, the outlook for the Canadian economy and the Canadian dollar is getting bleaker by the day.

Oil prices dropped once again after the U.S. government reported a 0.3% contraction in the U.S. economy in the third quarter.

Light, sweet crude oil for December delivery fell by$1.91 to $65.59 a barrel on the NYMEX. Overall, oil prices are now down 55% since the peak of $147 a barrel in mid-July.

Thanks to lower energy and resource prices and a surging dollar, yearly consumer inflation in the United States peaked at

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Despite the latest plunge, the market feels like it may be finding its legs now. Here are the early signs.

The last month to me feels like the way you feel when you are just knocked out by a flu or with a debilitatingly sore back. You realize how fragile everything is and how mortal we are. And then when you come through to the other side, you get a renewed perspective. The colors seem a little brighter, you savor your morning coffee a bit more, maybe take a few days off with the family.

THAT is how I feel about the market. Essentially we've gotten quite a crisp view of the market's mortality and have been able to understand, in a very visceral way, how the global economy could fall to pieces, practically overnight. And looking at overnight in Asia and the U.S. opening, we're certainly not out of

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