Forex - Dollar slips on profit taking in a risk-on trading session

Investing.com - The dollar gave back earlier gains against most major currencies and dipped on Friday after better-than-expected U.S. growth data enticed investors out of safe-haven dollar positions and into higher-yielding currencies and stocks.

Investors also sold the dollar for profits after locking in gains from the Federal Reserve's decision to trim its USD85 billion in monthly bond purchases by USD10 billion.

In U.S. trading on Friday, EUR/USD was up 0.07% at 1.3655.

The dollar rallied after the Federal Reserve announced on Wednesday that it was cutting its USD85 billion monthly bond-buying program by USD10 billion in January now that the economy is gaining steam.

Fed bond purchases tend to weaken the dollar by driving down long-term interest rates.

On Friday, profit taking kicked in and weakened the greenback, while surprisingly strong U.S. economic growth rates sent investors ditching the greenback for risk-on asset classes such as stocks later in the session.

The Commerce Department reported earlier that the U.S. gross domestic product expanded by 4.1% in the third quarter, well above consensus forecasts for 3.6% growth.

Meanwhile in Europe, Standard & Poor's cut the European Union's long-term credit ratings to 'AA+' from 'AAA' over concerns that E.U.'s financial profile has deteriorated while cohesion among E.U. members has lessened, though the euro shrugged off the news.

Also in Europe, the Gfk German consumer climate index rose to 7.6 in December from 7.4 in November. Analysts were expecting the index to remain unchanged this month.

Also in Germany, the producer price index in Europe's largest economy fell 0.1% in November, in line with expectations after a 0.2% decline the previous month.

Elsewhere, the greenback was up against the pound, with GBP/USD down 0.26% at 1.6330.

Official data showed that the U.K. current-account deficit widened to GBP20.7 billion in the third quarter from GBP6.2 billion in the three months to June. Analysts were expecting the current account deficit to widen to GBP13.9 billion in the last quarter.

A separate report showed that the U.K. gross domestic product expanded by 0.8% in the third quarter, in line with previous estimates.

Official data also showed that public sector net borrowing in the U.K. rose by GBP14.8 billion in November, exceeding expectations for a GBP13.4 billion rise, after a downwardly revised GBP7.4 billion increase in October.
The dollar was down against the yen, with USD/JPY down 0.19% at 104.05, and up against the Swiss franc, with USD/CHF down 0.23% at 0.8958.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.12% at 1.0651, AUD/USD up 0.60% at 0.8920 and NZD/USD trading up 0.03% at 0.8194.

In Canada, official data revealed that the country's consumer price index came in flat in November compared to expectations for a 0.2% fall. Core consumer price inflation, which excludes the eight most volatile items, ticked down 0.1% last month, confounding expectations for a 0.1% rise.

A separate report showed that retail sales in Canada slipped 0.1% in October, disappointing expectations for a 0.3% rise. Core retail sales, which exclude automobiles, increased by 0.4% in October, compared to expectations for a flat reading.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.04% at 80.74.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

U.S. stocks gain on strong U.S. growth data; Dow rises 0.26%

Investing.com - A surprisingly strong U.S. economic growth report sent stocks rising on Friday by fanning expectations for U.S. recovery to gain steam and allow for more solid corporate fundamentals in the future.

At the close of U.S. trading, the Dow Jones Industrial Average rose 0.26%, the S&P 500 index rose 0.48%, while the Nasdaq Composite index rose 1.15%.

The Commerce Department reported earlier that the U.S. gross domestic product expanded by 4.1% in the third quarter, well above consensus forecasts for 3.6% growth.

The report sent stocks rising by fanning hopes that corporate fundamentals will improve with the economy and grow without the support of the Federal Reserve's monthly USD85 billion bond-buying program.

On Wednesday, the Fed said it would trim its monthly asset purchases by USD10 billion in January, which markets applauded.

Trading volume was heavy, as stock index futures, stock index options, stock options and single stock futures expired, which happens on the third Friday of March, June, September and December.

Leading Dow Jones Industrial Average performers included Caterpillar, up 1.59%, Microsoft, up 1.50%, and UnitedHealth, up 1.46%.

The Dow Jones Industrial Average's worst performers included Nike, down 1.27%, Pfizer, down 1.24%, and Walt Disney, down 0.64%.

European indices, meanwhile, finished higher.

After the close of European trade, the EURO STOXX 50 rose 0.56%, France's CAC 40 rose 0.40%, while Germany's DAX 30 rose 0.69%. Meanwhile, in the U.K. the FTSE 100 finished up 0.33%.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

Forex - GBP/USD dips on Fed-fueled dollar rally

Investing.com - The pound slumped against the dollar on Thursday as investors snapped up greenback positions in wake of the Federal Reserve's Wednesday decision to trim its USD85 billion in monthly bond purchases by USD10 billion in January.

In U.S. trading on Thursday, GBP/USD was trading at 1.6374, down 0.10%, up from a session low of 1.6336 and off from a high of 1.6398.

Cable was likely to find support at 1.6220, Tuesday's low, and resistance at 1.6485, Wednesday's high.

On Wednesday, the Fed announced that it would reduce its USD85 billion-a-month bond-buying program by USD10 billion in January now that the economy is improving, which boosted the greenback against most major currencies.

Fed bond purchases tend to weaken the dollar by driving down long-term interest rates that send investors to assets like stocks to encourage investing and hiring.

The U.S. central bank reiterated that interest rates are likely to remain low even after the unemployment rate drops below 6.5%, the threshold at which the Fed has previously said it would start to consider rate increases, though the dollar enjoyed support for much of the day, though less-than-stellar U.S. economic indicators watered down the greenback's gains.

The Federal Reserve Bank of Philadelphia said that its manufacturing index jumped to 7.0 for December from November's 6.5 reading, though analysts were expecting the index to rise to 10.0 this month.

A separate report showed that U.S. existing home sales declined 4.3% to a seasonally adjusted 4.90 million units in November from 5.12 million in October. Analysts were expecting U.S. existing home sales to fall 1.5% to 5.03 million units last month.

Also on Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending Dec. 14 increased by 10,000 to a seasonally adjusted 379,000, the highest level since March.

Analysts were expecting U.S. jobless claims to fall to 334,000 last week from the previous week's revised total of 369,000.

Meanwhile in the U.K., the Office for National Statistics reported earlier that retail sales increased by 0.3% last month, matching forecasts.

Retail sales were 2% higher on a year-over-year basis, the ONS said, undershooting expectations for a 2.3% gain, after rising at an annual rate of 1.8% in October.

Demand for the pound remained supported after data on Wednesday showed that the U.K. unemployment rate unexpectedly fell to a four-and-a-half year low of 7.4% in the three months to October, fuelling hopes that the Bank of England will raise interest rates ahead of other central banks.

The pound, meanwhile, was up against the euro and down against the yen, with EUR/GBP down 0.14% at 0.8339 and GBP/JPY down 0.16% at 170.66.

On Friday, the U.S. is to publish data on existing home sales, manufacturing activity in the Philadelphia region and initial jobless claims.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

Forex - Dollar extends gains on Fed taper move, soft data weigh

Investing.com - The dollar continued to advance against most major currencies on Thursday after the Federal Reserve said it was trimming its USD85 billion monthly bond-buying program by USD10 billion next month, though lackluster economic indicators watered down the greenback's gains.

Fed asset purchases, in place for 15 months now, have weakened the dollar by depressing interest rates to spur on economic recovery.

In U.S. trading on Thursday, EUR/USD was down 0.23% at 1.3655.

On Wednesday, the Fed announced that it would reduce its USD85 billion-a-month bond-buying program by USD10 billion in January, while outgoing Fed Chairman Ben Bernanke said the economy was continuing to improve.

Fed bond purchases tend to weaken the dollar by driving down long-term interest rates that send investors to assets like stocks to encourage investing and hiring.

The U.S. central bank reiterated that interest rates are likely to remain low even after the unemployment rate drops below 6.5%, the threshold at which the Fed has previously said it would start to consider rate increases.

Meanwhile, less-than-stellar economic indicators in the U.S. watered down the greenback's gains.

The Federal Reserve Bank of Philadelphia said that its manufacturing index jumped to 7.0 for December from November's 6.5 reading, though analysts were expecting the index to rise to 10.0 this month.

A separate report showed that U.S. existing home sales declined 4.3% to a seasonally adjusted 4.90 million units in November from 5.12 million in October. Analysts were expecting U.S. existing home sales to fall 1.5% to 5.03 million units last month.

Also on Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending Dec. 14 increased by 10,000 to a seasonally adjusted 379,000, the highest level since March.

Analysts were expecting U.S. jobless claims to fall to 334,000 last week from the previous week's revised total of 369,000.

Elsewhere, the greenback was up against the pound, with GBP/USD down 0.11% at 1.6373.

In the U.K., the Office for National Statistics reported earlier that retail sales increased by 0.3% last month, matching forecasts.

Retail sales were 2% higher on a year-over-year basis, the ONS said, undershooting expectations for a 2.3% gain, after rising at an annual rate of 1.8% in October.

Demand for the pound still remained supported after data on Wednesday showed that the U.K. unemployment rate unexpectedly fell to a four-and-a-half year low of 7.4% in the three months to October, fueling hopes that the Bank of England will raise interest rates ahead of other central banks.

The dollar was down against the yen, with USD/JPY down 0.11% at 104.18, and up against the Swiss franc, with USD/CHF up 0.50% at 0.8984.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.32% at 1.0663, AUD/USD down 0.04% at 0.8856 and NZD/USD trading down 0.65% at 0.8184.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.22% at 80.80.

On Friday, the U.S. is to round up the week with revised data on third-quarter GDP.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

Forex - Dollar gains as Fed tapers stimulus, dovish language weighs

Investing.com - The dollar rose against most major currencies on Wednesday after the Federal Reserve said it was trimming its USD85 billion monthly bond-buying program by USD10 billion though dovish language attached to the policy statement sparked appetite for risk-on assets that pulled the greenback into negative territory earlier.

Fed asset purchases, in place for 15 months now, have weakened the dollar by depressing interest rates to spur on economic recovery.

In U.S. trading on Wednesday, EUR/USD was down 0.21% at 1.3738.

The Federal Reserve on Wednesday left its key benchmark lending target, the fed funds rate, unchanged at 0.0-0.25% but said it was cutting the amount of Treasury holdings and mortgage debt it buys from banks each month to USD75 billion from USD85 billion.

However, the Fed said overall monetary policy, including interest rates at rock-bottom levels, will stay accommodative until the unemployment rate dips below 6.5%, a figure previously seen as the threshold at which the U.S. central bank would rethink policy.

The Fed added it could beef up its asset-purchasing program should recovery gain steam or deteriorate.

"If incoming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings," the Fed's policy statement said.

"However, asset purchases are not on a preset course, and the Committee's decisions about their pace will remain contingent on the Committee's outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases," the Fed added.

"The Committee now anticipates, based on its assessment of these factors, that it likely will be appropriate to maintain the current target range for the federal funds rate well past the time that the unemployment rate declines below 6.5% percent, especially if projected inflation continues to run below the Committee's 2% longer-run goal," the Fed said.

Elsewhere, the Census Bureau reported earlier that U.S. housing starts rose to 1.09 million units in November from 890,000 in October, beating consensus forecasts for an increase to 950,000 units.

Building permits in the U.S. fell 3.1% to 1.01 million units in November, from 1.04 million units the previous month.

Still, analysts were expecting building permits to drop 4.7% last month.

The euro showed little reaction after the Ifo German business climate index rose to a 20-month high of 109.5 in December, in line with forecasts and up from 109.3 in November.

Elsewhere, the greenback was down against the pound, with GBP/USD up 0.97% at 1.6422.

The pound shot up after data revealed that the U.K. unemployment rate unexpectedly fell to a four-and-a-half year low of 7.4% in the three months to October, fueling hopes that the Bank of England will raise interest rates ahead of other central banks.

Analysts were expecting a 7.6% reading.

The dollar was up against the yen, with USD/JPY up 0.95% at 103.65, and up against the Swiss franc, with USD/CHF up 0.46% at 0.8891.

The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.49% at 1.0660, AUD/USD down 0.44% at 0.8860 and NZD/USD trading down 0.48% at 0.8232.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16% at 80.34.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

U.S. stocks gains as Fed tapers with dovish language; Dow up 1.62%

Investing.com - U.S. stocks rose on Wednesday even after the Federal Reserve announced plans to begin scaling back a monthly bond-buying program that has supported stocks for over a year now, as dovish language in the policy statement sparked a rally.

Fed bond purchases drive down interest rates to spur recovery, boosting equities in the process, and talk of their dismantling had watered down stock prices in the past by fanning uncertainty over how equities will perform without a monetary crutch.

At the close of U.S. trading, the Dow Jones Industrial Average rose 1.62%, the S&P 500 index rose 1.66%, while the Nasdaq Composite index rose 1.15%.

The Federal Reserve on Wednesday left its key benchmark lending target, the fed funds rate, unchanged at 0.0-0.25% but said it was cutting the amount of Treasury holdings and mortgage debt it buys from banks each month to USD75 billion from USD85 billion.

However, the Fed said overall monetary policy, including interest rates at rock-bottom levels, will stay accommodative until the unemployment rate dips below 6.5%, a figure previously seen as the threshold at which the U.S. central bank would rethink policy.

The Fed added it could adjust its asset-purchasing program should recovery gain steam or deteriorate.

"If incoming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings," the Fed's policy statement said.

"However, asset purchases are not on a preset course, and the Committee's decisions about their pace will remain contingent on the Committee's outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases," the Fed added.

"The Committee now anticipates, based on its assessment of these factors, that it likely will be appropriate to maintain the current target range for the federal funds rate well past the time that the unemployment rate declines below 6.5% percent, especially if projected inflation continues to run below the Committee's 2% longer-run goal," the Fed said.

Stocks shot up on the notion that a decision to taper signifies Fed believe that the labor market is improving, which will ultimately improve corporate fundamentals all while interest rates will remain at 0.0%-0.25% for longer than once expected.

Elsewhere, the Census Bureau reported earlier that U.S. housing starts rose to 1.09 million units in November from 890,000 in October, beating consensus forecasts for an increase to 950,000 units.

Building permits in the U.S. fell 3.1% to 1.01 million units in November, from 1.04 million units the previous month.

Still, analysts were expecting building permits to drop 4.7% last month.

Leading Dow Jones Industrial Average performers included 3M, up 3.35%, Exxon Mobil, up 3.13%, and JPMorgan Chase, up 2.71%.

The Dow Jones Industrial Average's worst performers included Boeing, down 0.35%, Microsoft, which was up 0.04%, and Cisco, up 0.43%.

European indices, meanwhile, finished higher.

After the close of European trade, the EURO STOXX 50 rose 1.04%, France's CAC 40 rose 1.00%, while Germany's DAX 30 rose 1.06%. Meanwhile, in the U.K. the FTSE 100 finished up 0.09%.

On Thursday, the U.S. is to publish data on existing home sales, manufacturing activity in the Philadelphia region and initial jobless claims.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

Gold drops on lackluster U.S. inflation data, Fed uncertainty

Investing.com - Gold prices dropped on Tuesday after less-than-stellar U.S. inflation rates hit the wire, which clouded already murky expectations on whether or not the Federal Reserve will decide to taper its USD85 billion in monthly asset purchases at a policy meeting ending Wednesday.

Bond purchases seek to boost recovery by pushing down interest rates, weakening the dollar in the process and making gold an attractive hedge.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,230.70 during U.S. afternoon hours, down 1.10%.

Gold prices hit a session low of USD1,227.10 a troy ounce and high of USD1,247.50 a troy ounce.

Gold futures were likely to find support at USD1,220.10 a troy ounce, Friday's low, and resistance at USD1,251.40, Monday's high.

The February contract settled up 0.79% at USD1,244.40 a troy ounce on Monday.

The Department of Labor reported earlier that the U.S. consumer price index came in flat in November after falling 0.1% in October. Analysts were calling for a 0.1% uptick.

The annual rate of inflation rose 1.2% in November, just shy of expectations for 1.3% reading but still up from a four-year low of 1.0% in October.

U.S. core inflation, stripped of volatile food and energy items, rose 0.2% in November from October, beating expectations for a 0.1% gain, while the year-on-year rate for November rose 1.7%, which met consensus forecasts.

Core prices are viewed by the Federal Reserve as a better gauge of longer-term inflationary pressure because they exclude the volatile food and energy categories. Monetary authorities usually try to aim for 2% core inflation or less.

With inflation rates refusing to serve as a clearly visible weather vane pointing to the direction of monetary policy, investors avoided the precious metal until the Fed releases is policy statement on Wednesday.

Elsewhere on the Comex, silver for March delivery was down 1.31% at USD19.837 a troy ounce, while copper for March delivery was down 0.28% and trading at USD3.320 a pound.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

Forex - Dollar flat to lower as market preps for Fed policy announcement

Investing.com - The dollar traded flat to lower against most major currencies on Tuesday as investors spent the session digesting not-too-hot, not-too-cold U.S. inflation data ahead of the Federal Reserve's Wednesday statement on monetary policy and the fate of its USD85 billion in monthly bond purchases.

Fed asset purchases, in place for over a year now, have weakened the dollar by depressing interest rates to spur on economic recovery.

In U.S. trading on Tuesday, EUR/USD was up 0.04% at 1.3767.

The Department of Labor reported earlier that the U.S. consumer price index came in flat in November after falling 0.1% in October. Analysts were calling for a 0.1% uptick.

The annual rate of inflation rose 1.2% in November, just shy of expectations for 1.3% reading but still up from a four-year low of 1.0% in October.

U.S. core inflation, stripped of volatile food and energy items, rose 0.2% in November from October, beating expectations for a 0.1% gain, while the year-on-year rate for November rose 1.7%, which met consensus forecasts.

Meanwhile in Europe, the ZEW index of German economic sentiment rose to 62.0 in December from 54.6 in November. It was the highest level since April 2006. Economists were predicting the index to tick up to 55.0 this month.

Also in Europe, Eurostat, the statistical arm of the European Union, reported that the euro area's monthly November CPI contracted 0.1% but rose 0.9% on year, both figures matching market forecast.

Markets took the data in stride, keeping an eye towards Wednesday, when the Fed will release its statement on interest rates and monetary policy.

Investors were eager for the U.S. central bank to announce plans to either let stand or trim the size of its USD85 billion in monthly bond purchases, a monetary stimulus policy known as quantitative easing that weakens the dollar by driving down interest rates to spur recovery.

Elsewhere, the greenback was up against the pound, with GBP/USD down 0.21% at 1.6266.

The Office for National Statistics reported earlier that the U.K.'s annual rate of consumer price inflation rose by 2.1% in November, down from 2.2% the previous month and also the smallest increase since November of 2009. Economists were expecting an unchanged reading.

Consumer prices rose 0.1% in November from a month earlier, below expectations for a 0.2% increase.

Core CPI rose by 1.8% last month, in line with expectations, accelerating from 1.7% in October.

The retail price index rose 2.6% in November, unchanged from October and below forecasts for a 2.7% increase.

The data also showed that the house prices index climbed 5.5% in the twelve months to October, above expectations for a 4.2% gain. It was the fastest increase since September 2010.

The dollar was down against the yen, with USD/JPY down 0.33% at 102.68, and down against the Swiss franc, with USD/CHF down 0.25% at 0.8850.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.14% at 1.0612, AUD/USD down 0.55% at 0.8898 and NZD/USD trading up 0.01% at 0.8258.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.04% at 80.21.

On Wednesday, the dollar will move on the Fed's statement on U.S. monetary policy. Elsewhere, the U.S. is to release data on building permits and housing starts.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

U.S. stocks gain on Fed expectations, broader optimism; Dow up 0.82%

Investing.com - U.S. stocks advanced on Monday amid optimism that economic recovery will gain steam in 2014, while expectations that Federal Reserve will keep policy loose even after its eventual decision to taper its USD85 billion in monthly asset purchases.

Fed asset purchases drive down interest rates to spur recovery, boosting equities in the process, and talk of their dismantling dampened stock prices in the recent past by fanning uncertainty over how equities will perform without a monetary crutch.

At the close of U.S. trading, the Dow Jones Industrial Average rose 0.82%, the S&P 500 index rose 0.63%, while the Nasdaq Composite index rose 0.71%.

The Federal Reserve will hold a monetary policy meeting on Dec. 17-18, and surprisingly strong retail sales, consumer sentiment, employment and other indicators had many betting the U.S. central bank will announce plans to trim its asset-purchasing plan then or shortly afterwards, which watered down stock prices in recent sessions.

By Monday, investors came back to equities markets on sentiments that lackluster data released earlier may prompt the Fed to wait until early 2014 to begin tapering bond purchases.

London-based market research group Markit reported earlier that its preliminary U.S. manufacturing purchasing managers' index declined to a seasonally adjusted 54.4 in December from a final reading of 54.7 in November.

Analysts were expecting the index to rise to 54.9 this month.

The Federal Reserve Bank of New York reported earlier that its Empire State manufacturing index came in at 0.98 in December compared to November's -2.21 reading, though analysts were expecting the index to rise to 4.75.

Separately, the Federal Reserve reported that U.S. industrial production advanced 1.1% in November after having edged up 0.1% in October, beating consensus forecasts for a 0.5% November reading.

Stocks also rose on sentiments that should the Fed decide to scale back bond purchases this week, bond purchases will drop by a small amount, while any plans to outright tighten policy remain far beyond the horizon.

Elsewhere, Exxon Mobil shot up on news that Goldman Sachs upgraded the company's shares to buy from neutral.

Herbalife shares soared after Billionaire investor Carl Icahn told CNBC on Monday that he believes the company is undervalued and added he was satisfied with re-audited results.

Leading Dow Jones Industrial Average performers included IBM, up 2.95%, Cisco, up 2.20%, and Exxon Mobil, up 2.07%.

The Dow Jones Industrial Average's worst performers included Procter & Gamble, down 0.83%, Merck, down 0.61%, and Wal-Mart Stores, down 0.45%.

European indices, meanwhile, finished higher.

After the close of European trade, the EURO STOXX 50 rose 1.83%, France's CAC 40 rose 1.48%, while Germany's DAX 30 rose 1.74%. Meanwhile, in the U.K. the FTSE 100 finished up 1.28%.

On Tuesday, the U.S. is to release data on consumer inflation and its current account balance.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

Forex - Dollar softens as data cast doubts over Fed stimulus tapering

Investing.com - The dollar moved largely lower against most major currencies on Monday after hit-or-miss economic indicators released earlier cast doubts on recent expectations for the Federal Reserve to announce plans to taper its USD85 billion in monthly asset purchases at a policy meeting this week.

Monthly asset purchases in place for a year now have weakened the dollar by depressing interest rates to spur on economic recovery.

In U.S. trading on Monday, EUR/USD was up 0.18% at 1.3766.

London-based market research group Markit reported earlier that its preliminary U.S. manufacturing purchasing managers' index declined to a seasonally adjusted 54.4 in December from a final reading of 54.7 in November.

Analysts were expecting the index to rise to 54.9 this month.

The Federal Reserve Bank of New York reported earlier that its Empire State manufacturing index came in at 0.98 in December compared to November's -2.21 reading, though analysts were expecting the index to rise to 4.75.

Separately, the Federal Reserve reported that U.S. industrial production advanced 1.1% in November after having edged up 0.1% in October, beating consensus forecasts for a 0.5% November reading.

The data encouraged investors to sell the greenback for profits until the Fed makes its policy stance clear on Wednesday.

Meanwhile in Europe, the euro saw support after Markit reported that the euro zone's composite output index rose to 52.1 in December, from 51.7 in November, its largest jump since April of 2011, indicating that European Central Bank policymakers will not need to step up stimulus measures.

New orders picked up to the highest level since mid-2011, fueling optimism that the recovery in the region will carry forward into the start of 2014.

Rising exports helped push the euro zone's manufacturing purchasing managers' index up to a 31-month high of 52.7 in December from November's final reading of 51.6, beating consensus forecasts for a 51.9 reading..

However, the service sector ticked down to a four-month low as domestic demand remained weak, coming in at 51.0 compared to forecasts for a 51.5 reading.

Germany's PMI came in at 54.2, beating market calls for a 53.0 reading.

A separate report showed that the euro zone's trade surplus rose to EUR17.2 billion in October from EUR9.6 billion a year earlier and from EUR10.9 billion in September.

Imports fell by 1.2% in October from a month earlier, while exports rose 0.2%.

Elsewhere, the greenback was down against the pound, with GBP/USD up 0.06% at 1.6304.

The dollar was down against the yen, with USD/JPY down 0.22% at 102.99, and down against the Swiss franc, with USD/CHF down 0.22% at 0.8872.

The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.04% at 1.0587, AUD/USD down 0.18% at 0.8952 and NZD/USD trading down 0.10% at 0.8258.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.19% at 80.22.

On Tuesday, the U.S. is to release data on consumer inflation and its current account balance.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!

08.10 | 0 komentar | Read More

The top films at the North American box office

LOS ANGELES/NEW YORK (Reuters) - Following are the top 10 movies at North American box offices for the three days starting December 13, led by "The Hobbit: The Desolation of Smaug," according to studio estimates compiled by Reuters.

1 (*) The Hobbit.............................$ 73.7 million

2 (1) Frozen.................................$ 22.2 million

3 (*) Tyler Perry's A Madea Christmas........$ 16.0 million

4 (2) The Hunger Games: Catching Fire........$ 13.2 million

5 (4) Thor: The Dark World...................$ 2.7 million

6 (3) Out of the Furnace.....................$ 2.3 million

7 (5) Delivery Man...........................$ 1.9 million

8 (9) Philomena..............................$ 1.8 million

9 (7) The Book Thief.........................$ 1.7 million

10 (6) Homefront..............................$ 1.6 million

Last weekend's rank in parentheses

(*) = new release

CUMULATIVE TOTALS:

The Hunger Games: Catching Fire................$ 357.0 million

Thor: The Dark World...........................$ 198.1 million

Frozen.........................................$ 164.4 million

The Hobbit.....................................$ 73.7 million

Delivery Man...................................$ 28.0 million

Homefront......................................$ 18.4 million

Tyler Perry's A Madea Christmas................$ 16.0 million

The Book Thief.................................$ 14.9 million

Philomena......................................$ 11.0 million

Out of the Furnace.............................$ 9.5 million

(Reporting By Lisa Richwine and Chris Michaud; Editing by Sandra Maler)

08.10 | 0 komentar | Read More

Bosnia dog lovers protest over new euthanasia laws

SARAJEVO (Reuters) - Hundreds of dog-lovers protested in Bosnia on Sunday against new legislation allowing for the animals to be put down after complaints the country's large number of strays were biting people and becoming a nuisance

Up to 13,000 strays roam the capital Sarajevo alone, with emergency services reporting a large number of people being attacked and raising public pressure on the authorities to take action to remove the animals from the streets.

Parliament amended the law last week, setting a 15-day time-limit on strays being housed in a rescue shelter without being adopted before being put down.

However, in a deeply ethnically divided country where rival Serb, Croat and Bosniak Muslim politicians cannot agree on any meaningful reform, animal rights activists from all communities united in protest.

"The dogs definitely should be removed from the streets but the only way for us is sterilisation, sterilisation, sterilisation," said Sasa Ikanovic, holding a puppy, Bea, adopted from the streets of the northeastern town of Bijeljina last week.

The activists are also calling for more rigorous laws on owners who abandon their pets.

(Reporting by Daria Sito-Sucic; Editing by Alison Williams)

08.10 | 0 komentar | Read More

Textile Conclave 2013

Dec 14, 2013, 05.28 PM IST

For modernization and upgradation of exiting units the government introduced the technology upgradation fund scheme. Textile units across various states has immensely benefited under the technology upgradation fund scheme which has disbursed over Rs 74627 crore since its inception.

Tags  textile, employment, FDI, Budget

Like this story, share it with millions of investors on M3

Textile Conclave 2013

For modernization and upgradation of exiting units the government introduced the technology upgradation fund scheme. Textile units across various states has immensely benefited under the technology upgradation fund scheme which has disbursed over Rs 74627 crore since its inception.

Like this story, share it with millions of investors on M3

Textile Conclave 2013

For modernization and upgradation of exiting units the government introduced the technology upgradation fund scheme. Textile units across various states has immensely benefited under the technology upgradation fund scheme which has disbursed over Rs 74627 crore since its inception.

Share  .  Email  .  Print  .  A+A-

For modernization and upgradation of exiting units the government introduced the technology upgradation fund scheme. Textile units across various states has immensely benefited under the technology upgradation fund scheme which has disbursed over Rs 74627 crore since its inception.

08.10 | 0 komentar | Read More

Artha Energy project to build its portfolio to 25MW in 2yrs

Dec 14, 2013, 05.32 PM IST

Anirudh Damani is a serial entrepreneur and angel investor. He has been investing since 2008 with the Dallas Angel Network, The Mumbai Angel's, The Indian Angel Network and Venture Nursery.

Tags  Anirudh Damani, Dallas Angel Network, The Mumbai Angel's, The Indian Angel Network, Venture Nursery, Artha Venture Partners, K Damani Group of Companies

Like this story, share it with millions of investors on M3

Artha Energy project to build its portfolio to 25MW in 2yrs

Anirudh Damani is a serial entrepreneur and angel investor. He has been investing since 2008 with the Dallas Angel Network, The Mumbai Angel's, The Indian Angel Network and Venture Nursery.

Like this story, share it with millions of investors on M3

Artha Energy project to build its portfolio to 25MW in 2yrs

Anirudh Damani is a serial entrepreneur and angel investor. He has been investing since 2008 with the Dallas Angel Network, The Mumbai Angel's, The Indian Angel Network and Venture Nursery.

Share  .  Email  .  Print  .  A+A-

Anirudh Damani is a serial entrepreneur and angel investor. He has been investing since 2008 with the Dallas Angel Network, The Mumbai Angel's, The Indian Angel Network and Venture Nursery.

Watch this space.....video will be uploaded shortly.

08.10 | 0 komentar | Read More