* Strength in U.S. dollar seen a concern for profits * European shares ended sharply higher on potential M&A * Oil rallies sharply for second straight session (Updates to close of U.S. trading) By Ryan Vlastelica NEW YORK, April 7 (Reuters) – The U.S. dollar rose more than 1 percent on Tuesday, resuming a recent Read More
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By Ryan Vlastelica NEW YORK (Reuters) – Stock markets around the world rose on Tuesday as investors moved into riskier assets for a second straight day, though a rise in the U.S. dollar could a headwind for further gains. Potential deal activity boosted equities on Wall Street and in Europe, a positive that added to Read More
By Chris Vellacott LONDON, April 7 (Reuters) – Emerging market stocks paused on Tuesday as the dollar resumed its climb, shrugging off last week’s disappointing jobs data in the United States, though gains in Asia helped equities cling to four-month highs. The MSCI emerging stocks benchmark index was flat, while the MSCI Asia Pacific excluding Read More
The rising dollar has been negative for stocks because it can put a dent in the earnings of multinationals. The dollar and falling oil prices have both been major factors behind the near 3 percent decline expected in earnings this quarter, the first drop in six years. Read MoreBad news turns good Read More
* Dollar bounces off post-payrolls troughs, euro below $ 1.10 * Aussie jumps over 1 pct after RBA keep rates flat By Hideyuki Sano and Ian Chua TOKYO/SYDNEY, April 7 (Reuters) – The dollar held firm in Asia on Tuesday, having recovered almost all of its payroll-inspired losses while the Australian dollar jumped more than Read More
In a pre-earnings season vacuum, oil prices and the dollar could drive stocks Tuesday. Oil surged more than 6 percent Monday, and helped boost the stock market as the S&P energy sector jumped 1.8 percent. The U.S. dollar index started out the day lower, and was a catalyst for the stock market’s gains, though it Read More
Asian stocks rose as crude oil maintained its surge and Samsung Electronics Co. reported better-than-estimated earnings. The dollar extended its rebound versus major peers, while Australia’s currency neared parity with its New Zealand counterpart before an interest-rate review. The MSCI Asia Pacific Index added 0.3 percent by 10:03 a.m. in Tokyo, rising a fourth day Read More
* Fed seen delaying rate hike after weak jobs data * U.S. dollar rises in a rebound * Oil climbs sharply but still well off recent peak (Updates to close of U.S. trading) By Ryan Vlastelica NEW YORK, April 6 (Reuters) – U.S. stocks rose on Monday after a weaker-than-expected jobs report drove expectations that Read More
Gold Prices on Downward Slide, but Where Are They Headed? (Part 2 of 13) (Continued from Part 1) The US dollar and gold Gold is traded mainly in US currency, so a weaker dollar makes gold less expensive for other nations to purchase. Also, when the dollar starts to lose value, investors look for a good alternative investment, such Read More
Despite Friday’s disappointing U.S. jobs numbers, the dollar will continue to rein supreme assuming the Federal Reserve looks on course to raise rates before year-end, analysts say. “We saw this last year, when U.S. first quarter gross domestic product (GDP) disappointed,” DBS senior currency strategist Philip Wee told CNBC. “So, we had corrections in the dollar and Read More