NEW YORK, Dec 9- Stock markets worldwide rose on Monday and the euro climbed to a six-week high against the dollar after encouraging trade and inflation data from China, but uncertainty about the outlook for U.S. monetary policy limited moves.» Read More
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
NEW YORK, Dec 9- U.S. stocks were little changed on Monday as investors waited for a number of top Federal Reserve officials to speak throughout the day for hints on the future of the central bank's stimulus plans. *Richmond Fed President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 a.m. ET.
Investors received some strong data out of China over the weekend. CNBC's Deirdre Wang Morris explains.
NEW YORK, Dec 6- U.S. consumer sentiment surged in December as Americans' outlook on the economy and job prospects improved, a survey released on Friday showed. The Thomson Reuters/ University of Michigan's preliminary reading on the overall index on consumer sentiment jumped to 82.5 for December, up from a final reading of 75.1 in November.
LONDON, Dec 5- Investors continued to turn their backs on commodity exchange traded products in November with some $2.1 billion in global outflows, capping a dismal year for the gold-dominated asset class which has lost out to a rally in equities.
By Sakari Suoninen and Paul Carrel. FRANKFURT, Dec 5- Euro zone inflation will stay well below target for the next two years and the European Central Bank is ready to act if necessary to lift a listless economy, it said on Thursday. Markets expect further action in 2014, something ECB President Mario Draghi did nothing to deflect.
FRANKFURT, Dec 5- The European Central Bank expects inflation to hold broadly steady well below its roughly two percent target over the next two years, dipping to 1.1 percent in 2014 before inching up to 1.3 percent in 2015, it said on Thursday.
Dr. Helmut Siekmann, professor and chair of money, currency and central bank law at the Institute for Monetary and Financial Stability at Goethe University, says many of the problems remaining in the euro zone are structural and need government reform.
FRANKFURT, Dec 5- New projections from the European Central Bank on Thursday will probably point to euro zone inflation remaining below target into 2015, raising pressure on the bank to take fresh action to stimulate the economy next year.
Stefan Schneider, chief German economist and head of German macroeconomics research at Deutsche Bank, discusses whether the European Central Bank will begin an asset purchasing program.
*Interest rates seen on hold after surprise November cut. FRANKFURT, Dec 5- New economic projections from the European Central Bank on Thursday are likely to point to euro zone inflation remaining below target into 2015, raising pressure on the bank to take fresh policy action next year.
NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.
*Bank of Canada holds key rate at 1.0 percent. *Says risks of low inflation appear to have increased. OTTAWA, Dec 4- The Bank of Canada held its key interest rate steady on Wednesday but sounded a touch more dovish in its outlook, saying the risks of undesirably weak inflation appeared greater than they did six weeks ago.
*Next support below $1,200- analyst. SINGAPORE, Dec 4- Gold hit a fresh 5- month low on Wednesday as investors awaited more U.S. economic data due later this week to gauge the outlook for Federal Reserve bond purchases that have boosted bullion's appeal as a hedge against inflation.
CNBC's Rick Santelli discusses whether Detroit's bankruptcy ruling likely pushed interest rates lower.
*ECB interest rate decision, Dec 5, 1245 GMT. FRANKFURT, Dec 3- The European Central Bank is likely to hold off any fresh policy action on Thursday, but new staff forecasts will be in focus for signs of prolonged price weakness that could lead it to act again next year.
*Gold steady after 2.6 percent drop overnight. SINGAPORE, Dec 3- Gold traded near a five-month low on Tuesday as strong U.S. economic data stoked fears of an early end to the Federal Reserve's monetary stimulus, and the metal appeared vulnerable to further declines as more data is due this week.