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Euro Rose To AnTitle:
U.S shares rise in closing
The world`s leading economy saw its shares actually erasing losses throughout the closing session as optimism returned on a local and global scale after that the Italian Prime Minister Mario Monti said Greece is likely to stay in the euro and a majority of the region’s leader`s support issuing a joint bond.
The Dow Jones Industrial Average index gained 33.60 points or 0.27% to close at 12529.75 levels, the index reached the highest point at 12539.59 and the lowest point at 12419.63, By closing 20 shares inclined while 10 shares declined.
The Standard & Poor’s 500 Index added 1.82 points or 0.17% to close at 1320.68 levels, the index reached the highest point at 1324.14 and the lowest point at 1310.50, By closing 288 shares inclined while 208 shares declined and 4 shares remained ...
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Dollar continues on gaining power
Today throughout the U.S session mixed sentiments; fears and hopes, were spread on a local scale with on one hand orders for business equipment dropped for a second month and on the other hand Hewlett-Packard Co. gained significantly.
Plus today`s German manufacturing data came out gloomy and showed weakened industry and production conditions while that China attested out that some of its biggest banks may fall short of loan targets.
Accordingly on a daily scale we watched the euro fall to its weakest level against the dollar since July 2010 and the Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, rose on multiple time charts to currently trade at 82.28 recording its highest level at 82.36 and its ...
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Stocks eke out gains, euro falls
(Reuters) - Global stocks eked out gains on Thursday while the euro fell as data suggested Europe's debt woes were spreading and worsening a global economic slowdown, adding to investor concerns about Greece's possible exit from the euro zone.
In a volatile session, investors looking for bargains initially bought equities, oil and gold, which have been beaten down this week by worries a Greece exit would deepen the euro zone debt crisis.
The appetite for growth-oriented assets faded as fears about the euro zone's drag on the world economy returned. Then for a second straight day, a wave of buying emerged shortly before Wall Street's close.
"The market has pulled back far enough that people are trying to assess if we've priced the worst of what's known. But with the problems in Europe ...
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Global stocks, euro slip on weakening growth
(Reuters) - U.S. stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.
In a volatile session, investors looking for bargains earlier bought equities, oil and gold which have been battered this week by worries Greece would leave the euro zone. But the buying of growth-oriented assets faded as worries about the euro zone's drag on the world economy returned.
Stocks and other riskier assets turned negative as disappointing data from Europe, China and the United States compounded concerns about the economic contraction moving across Europe.
Amid speculation of more coordinated efforts from major central banks to stem further deterioration of the euro zone debt crisis, bond yields of Spanish, Italian and ...
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Euro Spikes To 2-Month High After Narrow Trade
The 17-nation shared currency rose to the highest level since March 16 against the Swiss Franc on Thursday, as specualtion mounted the Swiss Central Bank may intervene to weaken the currency by discouraging traders from using it as a safe haven.
Rumors horned in markets today about a possible intervention of the Swiss Central Bank and an intoduction of a suprise tax on deposits - new taxes designed to discourage foreign inflows into the country, particularly in the light of looming Greek exit from the euro.
The EUR/CHF printed a 2-month high of 1.2075 from 1.2009 but bounced back to trade around 1.2020.
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U.S shares fluctuated in the opening
The world`s leading economy saw its shares fluctuating throughout the opening session as mixed sentiments; fears and hopes, were spread on a local scale with on one hand orders for business equipment dropped for a second month and on the other hand Hewlett-Packard Co. gained significantly.
In fact Hewlett-Packard climbed 4.8 percent as the personal-computer maker announced plans to slice its workforce by 27,000 and reported quarterly sales and profit that topped estimates.
Facebook Inc. rose 1.9 percent, poised for a second day of gains, after tumbling 19 percent earlier this week. While that Tiffany & Co. dropped 7.6 percent as the world’s second-largest luxury jewelry retailer cut its full-year profit and sales forecasts.
The Dollar index which measures the performance of the U.S. ...
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Gold prices rise 1 percent as dollar retreats
(Reuters) - Gold rose 1 percent on Thursday, snapping three days of losses to climb towards $1,580 an ounce, as the dollar swung back into negative territory versus the euro after a softer-than-expected U.S. manufacturing report.
Confidence in the single currency remains fragile after it earlier hit a near two-year low against the dollar. Dire German manufacturing and business climate data spooked investors already weighing up the risk of Greece leaving the euro zone.
But gold got a lift from International Monetary Fund data showing another rise in central bank gold holdings in April, after the largest purchase in over four years by the Philippines.
Spot gold rose as high as $1,577.50 an ounce and was up 0.8 percent to $1,573.11 an ounce by 9:50 a.m. EDT (1350 GMT), while U.S. gold ...
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Oil climbs above $106 as Iran talks stall
(Reuters) - Brent crude oil rose above $106 a barrel on Thursday as reports of a hiccup in talks with Iran over its nuclear program balanced weak economic data from China and Europe.
Iran accused world powers on Thursday of creating "a difficult atmosphere" that hindered negotiations on its atomic energy program, signaling a snag in diplomacy to defuse fears of an Iranian attempt to develop nuclear bombs.
Brent futures rose 90 cents to trade at $106.46 by 1336 GMT after earlier touching a high of $106.90 before weak Chinese and European economic data sparked a bout of selling.
U.S. crude for July rose $1.44 to a high of $91.34 after settling at $89.90 a barrel on Wednesday, its lowest close for front-month U.S. crude since October 21.
Investors are worried that failure to agree a deal ...
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April durable goods orders edge up as machinery drags
(Reuters) - Demand for long-lasting manufactured goods rose less than expected in April as companies scaled back plans to add machinery and the military ordered fewer aircraft, suggesting factory activity was losing momentum in the second quarter.
New orders for durable goods edged 0.2 percent higher last month, a minimal gain after a revised 3.7 percent drop in March, the Commerce Department said on Thursday.
Economists had forecast orders for durable goods, which range from toasters to aircraft, to increase 0.5 percent in April after a previously reported 3.9 percent fall in March.
Orders were dragged down by a 2.8 percent decline in machinery and 34 percent fall in military aircraft. New orders of computers and electronic products fell 0.6 percent.
Excluding transportation, orders ...
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