Several companies missed profit estimates today, bucking the trend. Here's what it means for the markets....» Read More
Adam Myers, European head of FX strategy at Crédit Agricole CIB, says the end of "artificial support" in the form of quantitative easing from the Fed, will push euro/dollar lower.
TOKYO, July 28- Asian stocks dipped in early trade on Monday after disappointing earnings hit Wall Street, while the dollar hovered near six-months peaks against a basket of major currencies.
SYDNEY, July 28- The U.S. dollar hovered near six-month highs against a basket of major currencies early on Monday, holding onto solid gains made last week as investors turned bearish on the euro.
"We continue to get strong economic releases out of the United States," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Analysts said the weak German business sentiment underscored the impact of tensions surrounding Russia and Ukraine on Germany, Europe's biggest economy.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including U.K. GDP growing at an annualized rate of 3.1 percent and LVMH's earnings miss in Asia.
The data pointed to momentum in the U.S. economy and underpinned the dollar, which had earlier gained on a drop in Germany's Ifo survey of business sentiment. "U.S. data has been good or better than expected, whereas European data continues to point to a slowdown," said Boris Schlossberg, managing director in FX strategy at BK Asset Management in New York.
The market has absorbed more disappointing IPO pricings ahead of a potentially huge week.
The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment.
*Euro dips, European shares subdued after downbeat German Ifo survey. LONDON, July 25- Signs that tensions between the West and Russia are starting to hurt confidence in Europe's dominant economy Germany left the euro near an eight-month low on Friday and lifted the region's government bonds.
*Japan CPI as expected, muted reaction from dollar/yen. LONDON, July 25- The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment heading in to the end of the U.S. currency's strongest week since March.
LONDON, July 25- World shares dipped on Friday having clawed their way back towards all-time highs after a week of largely reassuring economic signals but rising political tensions.
LONDON, July 25- Germany's influential Ifo survey of business sentiment looked set to determine the euro's path at the end of a week marked by a steady upwards push for the dollar that could herald a long-forecast break higher. In early European trade, the euro was virtually unchanged at $1.3461, having recovered from eight-month lows around $1.3438 on Thursday.
*Japan CPI as expected, muted reaction from dollar/yen. TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.
TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.
NEW YORK, July 24- The euro rose on Thursday from an eight-month low versus the U.S. dollar on better-than-expected German and French business data, while the New Zealand dollar sank after that nation's central bank hinted it may pause in raising rates further.
Flash manufacturing data came in mostly stronger than expected, but a mixed report from Caterpillar tempered hopes.
The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations.
*US tech stocks buoyed by Apple; Facebook at record high. Those measures were proposed after a Malaysian Airlines plane was downed over Ukraine last week, killing 298, possibly by a missile furnished by Russia.
LONDON, July 24- The euro climbed from an eight-month low on Thursday after German and French business surveys beat expectations, although the risks to the euro zone economy from any tougher sanctions on Russia curbed gains.