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The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
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CNBC's Trillion Dollar Survey finds expectations among top money managers that the stock market will continue to rally this year, the next interest rate move by the Federal Reserve will be a rate cut and that Democrats will capture the White House in 2008.
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The euro zone's external trade balance swung to a surplus in March from a deficit in February, showing exports were likely to have contributed to economic growth in the first quarter despite the strength of the euro.
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Euro zone inflation in April came in higher than initially estimated but still within the European Central Bank's target, data showed, pointing to subdued price-growth pressures despite robust economic expansion.
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Tuesday after the bell, I reported Disney earnings. I started my report by saying the company "hit it out of the park" on earnings, beating the street by six cents. I then said revenues missed a bit, while still growing.
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The European Central Bank's vigilance will ensure future price stability and a stable euro, ECB Governing Council member Klaus Liebscher wrote in an Austrian newspaper on Wednesday.