LONDON, Dec 9- The euro rose to a near six-week high against the dollar and close to a five-year peak versus the yen on Monday, after strong U.S. payrolls data and Chinese trade figures bolstered risk appetite.» Read More
With the Federal Reserve vowing that interest rates will stay low through 2014, this strategist sees a risk-on trade.
Fed interest-rate plans hit the dollar and Iran reverses course - it's time for your FX Fix.
US stock index futures pointed to a higher open on Wall Street today which will add about 0.2 per cent, reaching its highest point since July, after the Federal Reserve indicated on Wednesday that interest rates were likely to remain at near zero until at least 2014. Europe is following a 1 per cent gain for the FTSE Asia-Pacific index, where trading was again thinned by holidays in China, Australia and India, and the FTSE Eurofirst 300 is up 0.8 per cent.
US futures point to Wall Street opening higher. European shares rose today halting two days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it was ready to offer additional stimulus to boost economic growth. Asian shares firmed on the same news.
Hamish Pepper, FX Strategist, Asia Pacific, Barclays Capital expects the RBNZ to start increasing rates in the second half of 2012.
The Mexican peso has been on a tear, and this strategist thinks it still has room to rise.
Nasdaq gets an Apple boost, as investors react to Apple earnings. The Dow and S&P are down on the day after the President's State of the Union. Apple surpasses ExxonMobile as the world's most valuable company. Boeing beats estimates but offers weak guidance.
European markets close mostly down over ongoing concerns over a Greek debt deal. Billionaire George Soros says we need to strengthen Italy & Spain. Telecom shares fall after Ericsson misses sales and profit forecasts. German business sentiment rises for the third straight month. Treasury sells $35 billion in 5-year notes at yield of .899 percent.
When Federal Reserve officials provide a glimpse into their interest rate plans, it could mean tough sledding for the dollar.
Europe needs "massive monetary easing" to get out of its debt crisis, otherwise Greece will likely abandon the euro in a year and a half, famous economist Nouriel Roubini told CNBC on Wednesday.
Japan has a trade deficit and Australia has inflation - it's time for your FX Fix.
US stock index futures pointed to a mixed open on Wall Street today as corporate and political leaders began a three day summit in Davos, Switzerland and after US President Barack Obama used his last State of the Union speech to paint himself as the champion of the middle class, by demanding higher taxes for millionaires and tight reins on Wall Street. European shares fell, weighed down by the tech sector after a sharp post-results decline for World No.1 mobile gear maker Ericsson, and as investors worried that Greece may face a disastrous default.
Forecast-busting results from Apple have triggered a bounce in US stock futures and sparked a return to bullish form for global risk assets after a brief hiatus on worries about tortured Greek debt negotiations. However European shares were lower in early trade today, weighed by the tech sector after a sharp post-results decline for Ericsson and a disappointing UK GDP figure. Asian shares rose on Apple's earnings, stabilizing European money markets and falling euro zone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
Europe might be in a stew, but this strategist is looking at a risk-on trade.
Microsoft Points, the currency for Xbox LIVE, may be facing extinction.
Nigel Emmett, JPMorgan Asset Management, discusses how to invest in Europe despite continued volatility and uncertainty.
The euro slides on fresh worries over efforts to restructure Greece's debt, with Todd Gordon, co-head of research and trading at Aspen Trading Group.
CNBC's Jackie DeAngelis reports on the lower U.S. open, even as tech and health care try to lead the market back to positive territory. McDonald's, J&J and Dupont announce "decent" earnings reports. And the CBOE's volatility index hovers below 20.
European markets are lower, mostly due to concerns over Greek debt talks. The IMF says a recession in Europe will slow the global economy this year. The IIF's Dallara tells CNBC he remains committed to getting a voluntary agreement on Greek debt. Italian prosecutors raid the offices of ratings agency Fitch. The country is also probing S&P and Moody's over potential market manipulation. With Bank of America's Michelle Meyer and Joe Terranova, Virtus Investments, on housing.
US stock index futures pointed to a lower open on Wall Street as concerns about the European debt crisis continued to weigh on investors' minds. European shares also dipped as Greek PSI talks look set to go back to the drawing board. EU finance ministers on Monday rejected proposals by private bondholders over the extent of the haircut they were willing to accept in order to avoid a Greek default on its debts in March.