Amid all the conflict and unrest in the world, the US is increasingly a haven for the world's money, says Ron Insana.» Read More
NEW YORK, April 3- The euro dropped on Thursday after the European Central Bank kept interest rates on hold and pledged to use unconventional measures if needed to battle low inflation in the euro zone. The currency shared by 18 nations dipped as low as $1.3736 during a news conference by ECB President Mario Draghi and later declined as low as $1.3711.
CNBC's Rick Santelli discusses the latest action in Treasury yields, and euro reaction to the ECB's interest rate decision.
LONDON, April 3- Gold fell on Thursday as the dollar firmed after the European Central Bank left rates on hold as expected, and investors shifted their focus to the central bank's press conference and expectations that U.S. data will show an improvement. Gold futures for April delivery fell $7.40 to $1,283.20 an ounce.
LONDON, April 3- Gold edged down on Thursday, as investors marked time ahead of the European Central Bank's monthly policy meeting and the release of U.S. jobs data that should provide clues about the strength of the economy. Gold futures for April delivery fell $4.50 at $1,286.10 an ounce.
"Given the economic outlook, and given also my view that we need accommodative policy relative to historical norms, we need to have relatively low levels of interest rates for quite some time," San Francisco Federal Reserve Bank President John Williams told Reuters.
ST. LOUIS/ MIAMI, April 2- Two top policymakers said on Wednesday the Federal Reserve was in no rush to raise interest rates and would have to see improvements in the U.S. economy to do so.
NEW YORK, April 2- U.S. The fact that the data did not disappoint pushed yields higher on the day, said Lou Brien, market strategist at DRW Trading in Chicago. In a separate report, Commerce Department data showed new orders for manufactured goods jumped 1.6 percent in February, the biggest rise since September.
NEW YORK, April 2- The dollar touched a 10- week high against the Japanese yen on Wednesday as the greenback rallied on reports signalling U.S. businesses are shaking off a chill on hiring and factory orders from harsh winter weather. "The ADP report, especially the upward revision, was read as a USD positive signal" said Bryan Zarnett, currency strategist at Citi.
NEW YORK, April 2- U.S. "The upward revision certainly increases the chance of a strong number on Friday," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.
NEW YORK, April 2- The dollar was little changed against a basket of major currencies on Wednesday after private payrolls data showed U.S. businesses shaking off some of the chill on hiring left by harsh winter weather.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
Despite recent market gains, Ron Insana defends his recent call for a real market correction. Here's why.
LONDON, April 2- Gold rose around one percent on Wednesday, recouping some strength after two days of losses as European shares flattened and investors remained jittery ahead of U.S. jobs data that should help guage the strength of the world's biggest economy. Gold futures for April delivery rose $11.40 to $1,291.40 an ounce.
LONDON, April 2- The dollar and euro backed off after a surge higher against the yen on Wednesday, with the chances of a breakout of long-held ranges looking dependent on U.S. jobs data due later in the session and on Friday.
LONDON, April 2- World stocks extended their recent rally and the safe-haven yen sagged to a 10- week low on Wednesday, as investors focused on the positive in a mixed bag of global economic data. Trading was largely cautious before Thursday's meeting of the European Central Bank and Friday's U.S. jobs numbers.
LONDON, April 2- Gold rose on Wednesday, recouping some strength after two days of losses but remained near its lowest in seven weeks on expectations of strong jobs data in the world's largest economy. Gold futures for April delivery rose $4.00 to $1,284.00 an ounce.
LONDON, April 2- World share markets extended their rally on Wednesday as investors focused on the good news in a mixed bag of global economic data. Trading was still cautious before Thursday's meeting of the European Central Bank and Friday's U.S. jobs numbers.
Even sluggishness in China is now considered favourably since it adds to the case for stimulus, and there are signs Beijing is hastening infrastructure spending in response.
Even sluggishness in China is now considered favourably since it adds to the case for stimulus, and there are signs Beijing is hastening infrastructure spending in response. Trading was cautious, however, ahead of Thursday's meeting of the European Central Bank and Friday's U.S. jobs numbers, both of which could move markets in major ways.
SYDNEY, April 2- Asian share markets were looking to extend their recent rally on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring safe havens such as the yen and government bonds.