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  • SINGAPORE, March 6- Gold held below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, with he dollar near 11- year highs on expectations of strong U.S. jobs data and an interest rate hike. *Spot gold was little changed at $1,199.61 an ounce by 0028 GMT, after falling for four straight sessions to Thursday. *It was also helped by weakness in the euro,...

  • SYDNEY, March 6- The dollar hovered at 11- year highs against a basket of major currencies early on Friday and could extend gains if non-farm payrolls due later in the day support the case for a rise in U.S. interest rates in coming months. The dollar index traded at 96.335, having climbed as far as 96.593- a high not seen since September 2003. Much of the move was due to...

  • The Home Affordable Refinance Program, set up in 2009 after the housing bubble burst, allows borrowers with loans backed by mortgage finance firms Fannie Mae and Freddie Mac to refinance at lower interest rates even when homes have lost value. "It's highly unlikely that we would extend the coverage period...," Federal Housing Finance Agency Director Mel Watt, whose...

  • MUMBAI, March 6- India's government and central bank are set to consider proposals for the formation of a monetary policy committee that would take key decisions like interest rate changes, but have raised concerns over the central bank's independence. There are two competing proposals to establish a monetary policy committee, one from an external panel...

  • US STOCKS-Wall St up slightly ahead of jobs report Thursday, 5 Mar 2015 | 3:15 PM ET

    *AbbVie to buy Pharmacyclics for about $21 bln. NEW YORK, March 5- U.S. stocks were modestly higher on Thursday after two days of declines as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike. "People are taking a wait-and-see approach ahead of the jobs...

  • Average U.S. long-term mortgage rates have fallen for the first time in four weeks and remained near historically low levels.

  • US STOCKS-Wall St little changed after 2-day drop, data Thursday, 5 Mar 2015 | 11:29 AM ET

    *AbbVie to buy Pharmacyclics for about $21 bln. NEW YORK, March 5- U.S. stocks were little changed on Thursday, in the wake of two days of declines on the S&P 500, as economic data did little to alter expectations on the timing of an interest rate hike by the Federal Reserve. "There is nothing really to drive sentiment one way or the other that is going to change people's...

  • WASHINGTON— Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013. Mortgage giant Freddie Mac said Thursday that the national average for a 30- year, fixed-rate mortgage fell to 3.75 percent from 3.80 percent last week. Fed Chair Janet Yellen delivered the central bank's semiannual...

  • Santelli: Dollar up against major currencies  Thursday, 5 Mar 2015 | 9:42 AM ET

    CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.

  • Any euro recovery could hurt US stocks: Trader Thursday, 5 Mar 2015 | 9:34 AM ET

    A stronger euro would "probably would weigh on the stock market," says Jim Iuorio, managing director at TJM Institutional Services.

  • ECB's bond-buying to begin March 9th  Thursday, 5 Mar 2015 | 8:45 AM ET

    Jim Iuorio, TJM Institutional Service, and CNBC's Steve Liesman and Rick Santelli, weigh in on the ECB's rate and monetary policy decision.

  • *ECB releases details of bond-buying scheme at 1330 GMT. LONDON, March 5- Gold steadied above $1,200 an ounce on Thursday, with investors cautious ahead of a European Central Bank news conference set to give details on its bond-buying programme and as the market awaited key U.S. economic data. The ECB held interest rates unchanged at record lows and is expected to...

  • LONDON, March 5- The Bank of England marked the sixth anniversary of the introduction of its lowest ever interest rate by standing pat once again on Thursday, but an improving economy suggests rates are likely to rise at some point over the next 12 months. While no economist polled by Reuters expects the Monetary Policy Committee to raise rates before a May 7...

  • ECB holds rates, focuses on rollout of bond-buy plan Thursday, 5 Mar 2015 | 7:47 AM ET

    NICOSIA, March 5- The European Central Bank left interest rates unchanged on Thursday, holding them at record lows while it deploys a large scale money-printing plan aimed at lifting inflation out of negative territory. The decision to leave the cost of borrowing at record lows was widely expected after the ECB cut rates to rock-bottom levels last September...

  • NICOSIA, Cyprus— European Central Bank holds key interest rate at record low as it prepares to start stimulus.

  • ECB leaves key rate unchanged at 0.05%  Thursday, 5 Mar 2015 | 7:44 AM ET

    Boris Schlossberg, BK Asset Management, provides perspective on Mario Draghi's policy announcement and when the EU is likely to launch QE.

  • LONDON, March 5- The Bank of England marked the sixth anniversary of its cutting interest rates to a record low by keeping them on hold once again on Thursday, but an improving economy suggests rates are likely to rise at some point over the next 12 months. While no economist polled by Reuters expects the Monetary Policy Committee will vote to raise rates before a...

  • Bank of England votes to keep interest rates steady Thursday, 5 Mar 2015 | 7:01 AM ET

    LONDON— The Bank of England has opted to keep interest rates steady at 0.5 percent even as the economic recovery brings the prospect of rate hikes closer. Governor Mark Carney has suggested rates could fall if inflation remains low, but said that's unlikely. Samuel Tombs, economist at Capital Economics, says the bank is likely to remain in "wait and see" mode until...

  • Shaky markets await Draghi, jobs report  Thursday, 5 Mar 2015 | 6:10 AM ET

    Alison Dean, CRT Capital CIO, and Patrick Chovanec, Silvercrest Asset Management, share their thoughts on the market's pullback and whether to expect more volatility ahead.

  • Sterling steady ahead of central bank meetings Thursday, 5 Mar 2015 | 4:34 AM ET

    The Bank of England publishes its March policy decisions at 1200 GMT and is expected to add nothing immediately to the debate over the timing of a interest rate rise, now seen likely early next year. "The euro-dollar fall is dragging the pound down against the dollar and the euro can't fall too fast from here," said Kit Juckes, a strategist with Societe Generale in...