U.S stocks inch up on talk Fed stimulus to stay in place; Dow up 0.01%

U.S. stocks ended Monday higher after a lackluster session that saw share prices fall on earnings and soft housing data, though expectations that Federal Reserve stimulus measures will stay in place bolstered prices in the end. Stimulus programs such as low interest rates and...

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U.S. existing home sales fall 1.2% in June to hit 5.08 million units

 U.S. existing home sales fell unexpectedly in June, fuelling concerns over the U.S. housing sector, industry data showed on Monday. In a report, the National Association of Realtors said that existing home sales fell 1.2% to a seasonally adjusted 5.08 million units in...

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U.S. stocks mixed in subdued trade; Dow Jones down 0.12%

U.S. stocks were mixed in subdued trade on Monday, ahead of U.S. data as markets were jittery amid ongoing uncertainty iver whether the Federal Reserve will soon begin scaling back its stimulus program.  During early U.S. trade, the Dow Jones Industrial Average fell 0.12%,...

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Forex - Pound hits 3-week highs vs. dollar

The pound rose to three-week highs against the dollar in thin trading conditions on Monday after the Group of 20 nations said a shift away from monetary easing should be carefully managed so that market volatility does not negatively impact on the global recovery. GBP/USD hit...

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Forex - Euro extends gains vs. dollar

The euro extended gains against the dollar on Monday after Portugal’s Prime Minister Pedro Passos Coelho pledged to stick to the country’s bailout program, following a two-week political crisis. EUR/USD hit 1.3192 during European afternoon trade, the pair’s highest since...

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Dollar weaker vs. yen after Abe win

The dollar was lower against the yen on Monday after Japanese Prime Minister Shinzo Abe’s ruling coalition won a majority in parliament’s upper house elections on Sunday. During European late morning trade, the dollar was down against the yen, with USD/JPY falling...

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Forex - USD/CHF slips lower in subdued trade

The U.S. dollar slipped lower against the Swiss franc in subdued trade on Monday, although growing expectations for the Federal Reserve to soon taper its bond-buying program continued to support demand for the greenback.  USD/CHF hit 0.9384 during European morning...

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Forex - Dollar lower vs. yen after Abe win

The dollar was lower against the yen on Monday after Japanese Prime Minister Shinzo Abe Abe’s ruling coalition won a majority in parliament’s upper house elections on Sunday. USD/JPY hit 99.61 during late Asian trade, the lowest since July 18; the pair subsequently consolidated...

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Asia stocks mixed; Nikkei ends up 0.5% after Abe coalition victory

Asian stock markets were mixed on Monday, with shares in Japan rising after Prime Minister Shinzo Abe’s Liberal Democratic Party won a majority in Sunday’s upper house election. During late Asian trade, Hong Kong's Hang Seng Index was down 0.1%, Australia’s ASX/200 Index...

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Forex - EUR/USD edges higher in quiet trade

The euro edged higher against the dollar on Monday but gains were limited in subdued trade as expectations that the Federal Reserve will start to slow its bond purchase program later this year continued to support the dollar. EUR/USD hit 1.3170 during late Asian trade,...

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