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Thursday, 28 February 2013
Asian stocks mostly lower following China PMI; Nikkei up 0.06%
Most Asian bourses are lower at this hour following a concerning PMI report out of China, the region’s largest economy, and declining risk appetite. In Asian trading Friday, Japan’s Nikkei 225 rose 0.06% after Japan’s Statistics Bureau said the country’s national core CPI...
Forex - Dollar gains on soft U.S. economic growth data
The dollar rose against most major currencies on Thursday after U.S. fourth-quarter gross domestic product growth rates missed expectations, which bolstered the greenback's appeal as a safe harbor.
In U.S. trading on Thursday, EUR/USD was down 0.53% at 1.3067.
The...
Wednesday, 27 February 2013
Forex - GBP/USD pushes higher after U.S. data, gains limited
The pound pushed higher against the U.S. dollar on Wednesday, after the release of positive U.S. data, although gains were limited by sustained concerns over the outlook for growth in the U.K. GBP/USD hit 1.5188 during U.S. morning trade, the session high; the pair...
EUR/USD higher after Italian bond auction
The euro was higher against the dollar on Wednesday after an auction of Italian five and 10-year government bonds met with solid investor demand, but saw borrowing costs rise sharply.EUR/USD hit 1.3122 during European afternoon trade, the pair’s highest since Monday; the...
Copper futures decline as investors await Italy bond auction, U.S. data
Copper futures were lower during European morning hours on Wednesday, as investors awaited the results of an Italian government bond auction later in the day
On the Comex division of the New York Mercantile Exchange, copper futures for May delivery traded at USD3.573 a...
Dollar slips vs. euro, yen ahead of Italian bond auction
The dollar slipped lower against the euro and the yen on Wednesday as markets stabilized in the wake of inconclusive Italian election results and investors awaited an auction of Italian bonds later in the session.
During European morning trade, the dollar eased back from...
Tuesday, 26 February 2013
Asian stocks higher despite stronger yen; Nikkei down 0.74%
Asian stocks are broadly higher today, a day after U.S. stocks rebounded in impressive fashion, as traders are mulling some decent data points. In Asian trading Wednesday, Japan’s Nikkei 225 fell 0.74% as USD/JPYtraded lower. The yen rose after it was reported that...
Monday, 25 February 2013
Forex - EUR/USD off highs on Italy exit polls
The euro eased back from session highs against the dollar on Monday, after exit polls released just after the close of voting indicated that Italy’s center-right party, led by Silvio Berlusconi, won the most votes in the Senate.
EUR/USD pulled back from 1.3318, the pair’s...
U.S. stocks rise as markets eye budget talks, Italy; Dow Jones up 0.29%
U.S. stocks opened higher on Monday, as U.S. budget talks were to resume later in the day, while markets eyed the outcome of general elections in Italy.
During early U.S. trade, the Dow Jones Industrial Average added 0.29%, the S&P 500 index climbed 0.47%, while...
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