The bulls are back on Wall Street, at least for now. Stocks (^GSPC) are aiming for a rebound after three straight weeks of losses following strong gains in Europe as the dollar falls ahead of this week’s Federal Reserve meeting and oil prices tumble. Yahoo Finance’s Aaron Task says it all comes down to monetary Read More
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If you doubt the effect that stimulus has on stocks, look no farther than the headlines over this weekend. The Shanghai market rallied more than two percent to its highest levels since 2009 after Premier Li Keqiang said China was prepared to take action to stimulate the economy and the government had a “host of Read More
European equities were higher on Monday as investor sentiment continued to be buoyed by the extra liquidity provided by the European Central Bank (ECB) in the region. The pan-European Euro Stoxx 600 Index (^STOXX) was up 0.7 percent with the German DAX (^GDAXI) hitting a new all-time record with a rise of 2.5 percent. The Read More
The European Central Bank couldn’t have made making money in European stocks any easier. Germany’s Dax Index (^GDAXI) is at a record and the Stoxx Europe 600 (STXX) is up 16% this year, powered by what has been months of QE transparency heading into the $ 60B+ a month bond buying program which began this Read More
By Jamie McGeever LONDON (Reuters) – The euro struck a fresh 12-year low on Monday and euro zone stocks reached new peaks on bets that the currency’s relentless fall will boost corporate earning prospects just as the rising dollar hits those of U.S. firms. German stocks powered above 12,000 points for the first time, while Read More
NEW YORK (Reuters) – The dollar continued to power higher on Friday, pressuring stocks and commodities, on expectations of a Federal Reserve interest rate hike in contrast to easing monetary policy actions by most other major central banks. The dollar index .DXY was on track for a back-to-back weekly gain of more than 2 percent, Read More
European equities traded lower Friday, in spite of hopes that the region might make it six straight weeks of gains thanks to investor sentiment in Asia and the U.S and the start of the European Central Bank’s bond buying program. The FTSE (FTSE International: .FTSE) was trading 0.17 percent down, the German DAX (XETRA: .GDAXI) Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares put in a mixed performance across the region on Friday but were underpinned by gains on Wall Street, while the dollar resumed its recent rally after a downward blip on disappointing U.S. retail sales data. Financial spreadbetters predicted the U.S. gains would give European bourses an early Read More
LONDON (Reuters) – The euro pulled out of its recent dive and the dollar eased off the accelerator pedal on Thursday, as markets took a breather after a week of breakneck moves in the world’s two biggest currencies. The pause by the dollar gave some respite to emerging markets as well as oil and commodities Read More
By Shinichi Saoshiro and Ian Chua TOKYO/SYDNEY (Reuters) – The euro slumped to a new 12-year low on Thursday, reeling from an unrelenting onslaught after the European Central Bank startedits quantitative easing (QE) campaign, highlighting the monetary policy divergence between the euro zone and the U.S. The 1 trillion euro bond-buying programme the ECB launched Read More