Bloomberg The dollar gained and Treasuries slipped on speculation the next Federal Reserve chairman will be more hawkish, while growing concern about the economic impact of Catalonia’s independence movement sent the euro lower. The S&P 500 Index was little changed. Health-care stocks were among the best performers after UnitedHealth Group Inc. and Johnson & Johnson earnings beat estimates. European and ...
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Dollar strengthens as oil gains, stocks grind higher
Bloomberg The dollar strengthened and Treasuries fell after Federal Reserve Chair Janet Yellen suggested gradual rate increases are warranted despite soft inflation. Gains in oil and copper drove a gauge of commodities to a six-month high. The S&P 500 Index rose less than 0.1 percent to a record, led by technology and media shares. Apple Inc., JPMorgan Chase & Co. ...
Read More »Policy makers signal comfort on stocks as bankers urge caution
Bloomberg The guardians of the world economy brushed aside soaring stock and asset prices as a threat to economic and financial stability even as some bankers warned that investors risk repeating their pre-crisis complacency. The rare turnabout in which central bankers and finance ministers expressed comfort with the level of markets—even as private-sector executives urged caution—took place in and around ...
Read More »Euro continues to extend gain as Spanish assets hold advance
Bloomberg The euro extended gains and Spanish assets held their advance as the country’s government maintained a hard line on Catalonia’s independence bid. The dollar weakened as investors awaited minutes from the last Federal Reserve meeting. “Fed minutes could show a discussion on inflation, which the market is likely to take as dovish,†said Mark McCormick, North American head of ...
Read More »American stocks hit new highs
Bloomberg US stocks climbed to record highs as Wal-Mart Stores Inc. led a rally in consumer shares and energy producers climbed along with oil prices. Politics remained the dominant theme in Europe as Spanish stocks declined and the euro rose before a pivotal meeting of Catalan’s regional parliament. The dollar had weakened against most major currencies as President Donald Trump’s ...
Read More »Pound could go from bad to worse as May drama dominates mood
Bloomberg There may be no respite for the pound after its worst weekly performance in a year. Sterling fell almost 3 percent last week, after a chaotic Conservative party conference cast the premiership of Theresa May in doubt. With political intrigue set to continue, the Brexit talks restarting and manufacturing data due, strategists anticipate another volatile week and investors in ...
Read More »US stocks add to records, dollar weakens on Fed
Bloomberg US stocks added to records as consumer-focussed shares led gains amid data showing a surge in the American services sector. The dollar and Treasuries edged lower amid speculation over a new Federal Reserve chair. The S&P 500 Index added to records for the seventh day. Carmakers, producers of household products and food retailers led gains after services industries rose ...
Read More »Stocks mixed, dollar falls as tax reform hits bump
Bloomberg US equities fluctuated near records, while the dollar’s rally stalled near a two-month high as investors assessed the prospects for tax reform after a Republican senator raised concern it could inflate the deficit. The S&P 500 Index traded in a tight range close to all-time highs along with other US gauges. The dollar retreated after touching the highest level ...
Read More »US stocks, dollar advance as Spain woes hit euro
Bloomberg US stocks gained with the dollar, while Treasuries fell as investors assessed the prospect for tax cuts. The euro weakened in the wake of political turmoil in Spain. The S&P 500 Index hovered near a record high to start the fourth quarter, with investors also watching developments in Las Vegas, where at least 50 people have died in the ...
Read More »S Korea’s exports surge on steel, semiconductors
Bloomberg South Korean exports surged to a record last month in the latest sign that stronger global trade is helping to underpin growing momentum for the global economy. The nation’s shipments abroad rose for an 11th month in September, driven by overseas demand for steel, semiconductors and petrochemical products. Exports jumped 35 percent from a year earlier, the trade ministry ...
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