As earning season gets closer, talk of those fears has picked up and is spreading across financial markets. Earnings are expected to be negative for the first time since 2009 in the first quarter, with an estimated 3.1 percent decline in S&P 500 net income, according to Thomson Reuters. That theme—highlighting shrinking profits versus Read More
Author: Dollar Index
By Michael Connor NEW YORK (Reuters) – European stocks rose to near-record highs on Tuesday on signs the euro zone economy was gaining momentum, while the dollar recovered from recent losses and oil fell. U.S. stocks traded tightly amid worries about the dollar’s gains before turning lower. Europe’s FTSEurofirst 300 <.FTEU3> index of top shares Read More
New York (AFP) – Oil prices rose Monday as the attractiveness of a weaker dollar offset news of higher crude production by Saudi Arabia. The US benchmark, West Texas Intermediate for May delivery, closed 88 cents higher at $ 47.45 a barrel. In London, Brent North Sea crude for May added 60 cents, settling at Read More
(Bloomberg) — The dollar weakened against most other currencies before data forecast to show a decline in U.S. consumer prices. U.S. equity futures rose and oil climbed for a third day, while European shares erased gains. The Bloomberg Dollar Spot Index slid 0.2 percent, marking the sixth decline in seven days, as of 6:52 a.m. Read More
U.S. stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices. Equity markets fluctuated between modest gains and slight losses, tracking the movement of energy stocks as crude oil prices were caught between the Read More
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices. Equity markets fluctuated between modest gains and slight losses, tracking the movement of energy stocks as Read More
* Fed’s Bullard: not clear that dollar will firm further vs euro * Weaker greenback helps copper and gold to firm up * European shares dip after strong gains By Marc Jones and Francesco Canepa LONDON, March 23 (Reuters) – The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/2 years, Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index edging down about 0.1 percent to 97.828, moving away from recent 12-year highs and back Read More
(Bloomberg) — The dollar maintained declines amid speculation the Federal Reserve won’t be in a hurry to raise interest rates. Japanese stock futures fell after a retreat in the U.S., while copper gained before Chinese factory data. The greenback was at $ 1.0949 per euro by 8:43 a.m. in Tokyo, after sliding more than 1 Read More
* Oil rallies late on dollar weakness * Biotechs snap 8-session win streak * Indexes off: Dow 0.06 pct, S&P up 0.17 pct, Nasdaq off 0.31 pct (Updates to market close) By Chuck Mikolajczak NEW YORK, March 23 (Reuters) – U.S. stocks edged lower on Monday on the heels of strong gains in the prior Read More