If you doubt the effect that stimulus has on stocks, look no farther than the headlines over this weekend. The Shanghai market rallied more than two percent to its highest levels since 2009 after Premier Li Keqiang said China was prepared to take action to stimulate the economy and the government had a “host of Read More
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By Lisa Twaronite TOKYO (Reuters) – Asian shares drifted higher on Monday after a downbeat session on Wall Street kept sentiment in check, while the euro recovered from a fresh 12-year low touched on the divergent monetary policy paths between the United States and the euro zone. Financial spreadbetters expected a stronger day ahead in Read More
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European equities traded lower Friday, in spite of hopes that the region might make it six straight weeks of gains thanks to investor sentiment in Asia and the U.S and the start of the European Central Bank’s bond buying program. The FTSE (FTSE International: .FTSE) was trading 0.17 percent down, the German DAX (XETRA: .GDAXI) Read More
LONDON (Reuters) – European equities were set for a sixth straight week of gains on Friday, fuelled by a dramatic slide in the euro on the back of the European Central Bank’s bond-buying plan that has kept euro zone yields near record lows. The past week, described by one strategist as a “game-changer”, saw diverging Read More
NEW YORK (Reuters) – The dollar softened the most in a month against a basket of currencies on Thursday, giving stocks and some commodities respite after sharp sell-offs triggered by expectations of the U.S. Federal Reserve raising interest rates. The currency was further pressured by a third-straight decline in a monthly reading of U.S. retail Read More
LONDON (Reuters) – The euro pulled out of its recent dive and the dollar eased off the accelerator pedal on Thursday, as markets took a breather after a week of breakneck moves in the world’s two biggest currencies. The pause by the dollar gave some respite to emerging markets as well as oil and commodities Read More
By Hideyuki Sano TOKYO (Reuters) – The prospects of higher U.S. interest rates buoyed the dollar but also kept share prices in many countries in check on Thursday, with Asian stocks hovering around seven-week lows. The dollar’s index against a basket of six major U.S. trader partners hit a 12-year high of 99.985 on Wednesday Read More
By Hideyuki Sano TOKYO (Reuters) – The prospects of higher U.S. interest rates buoyed the dollar but also kept share prices in many countries in check on Thursday, with Asian stocks hovering around seven-week lows. The dollar’s index against a basket of six major U.S. trader partners hit a 12-year high of 99.985 on Wednesday Read More