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Stronger U.S. dollar dents oil, gold; stocks pause
REUTERS – The dollar strengthened against the yen and other major currencies on Monday after the Group of Seven backed Japan’s efforts to spur growth through aggressive asset purchases, while oil and gold prices fell on the stronger greenback.
A surprise rise in U.S. retail sales in April supported views that the U.S. economy, the world’s biggest, remains resilient. The optimistic...
Stocks off multi-year highs, greenback up
REUTERS – A measure of stocks around the world slipped after setting a 5-year high on Thursday, while the U.S. dollar strengthened in the wake of better-than-expected U.S. job market data.
Investors took profits in major global equity markets, but relatively upbeat economic data and ongoing support from central banks kept equities near multi-year highs.
U.S. stocks were mostly lower despite data...
Global stocks hold near records, euro slips
REUTERS – The U.S. dollar rose against the yen and euro on Monday and U.S. stocks hovered near last week’s record highs as a brighter outlook for the U.S. economy kept the risk trade alive.
The euro extended its losses against the dollar to hit a session low in mid-morning trade after European Central Bank President Mario Draghi said the bank, which cut interest rates last week, is watching...
S&P nears 1,600 boosted by data, ECB move
REUTERS – U.S. stocks rose on Thursday, with the S&P at a fresh intraday high, after strong job market data and on hopes the first rate cut by the European Central Bank in 10 months will help shore up the euro zone economy.
The number of Americans filing new claims for jobless benefits fell sharply last week to a five-year low. That follows a recent string of underwhelming data, including...
Global shares, oil fall on growth concerns; gold rises
REUTERS – World equity markets and commodities fell on Wednesday as global growth concerns continued to take a heavy toll on investor sentiment and disappointing earnings reports weighed on Wall Street stocks.
Copper, considered a barometer for manufacturing and China-related growth, fell more than 3 percent, weighed by worries about the global economy and a 10.3 percent decline in March European...
Wall Street lifted by earnings, data, gold
REUTERS – Stocks rose on Tuesday, bouncing back after their worst decline since early November, following solid earnings from Coca-Cola and Johnson & Johnson and inflation data that reinforced expectations that the Federal Reserve will keep its stimulus in place.
The price of gold rebounded after its record daily drop in dollar terms on Monday. U.S.-listed shares of Randgold Resources (RRS.L)...
Global stocks gain on China data; yen down on BOJ plan
REUTERS – Chinese import data pushed stock markets around the world higher on Wednesday with the S&P 500 rising to a record, while Japan’s economic stimulus package continued to weigh on the yen, sending it to multi-year lows against the dollar and euro.
U.S. stocks rallied across benchmark indexes, with the Dow Jones industrial average also reaching a record. Sentiment was eroded early...
Blue-chip tech stocks lift Dow to intraday record high
REUTERS – Blue-chip technology stocks led Wall Street higher, lifting the Dow to a record intraday high by early afternoon trading on Tuesday after investors used the morning’s modest decline as an opportunity to buy.
Microsoft (MSFT.O) shares ranked as the Dow’s top percentage gainer, up 3.9 percent at $29.72. Intel Corp (INTC.O) shares shot up 3.1 percent to $21.74, and helped...
Global shares slip after soft U.S. data; oil down 2 percent
REUTERS – Major stock markets and the dollar fell on Wednesday after unexpectedly weak growth in U.S. private-sector jobs and services dented optimism about the world’s largest economy.
Crude prices slumped more than 2 percent as oil stockpiles swelled in the United States, the top oil consumer, where a struggling economy is limiting demand for fuel.
U.S. companies hired at the slowest...
Record Wall Street boosts sentiment, U.S. holds key in Q2
REUTERS – Whether the world’s largest economy can sustain momentum will be a primary focus for investors for the next three months after a general recovery trend in the United States helped risk sentiment for broad markets in the first quarter of 2013.
Asian shares edged higher and the euro steadied on Friday after banks in Cyprus reopened to relative calm. Overall trade was subdued, with...
