Dollar Finishes Monday Higher Against Rivals

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The U.S. dollar climbed against most of its rivals Monday, reversing broad losses from earlier in the session, pushed higher by falling oil prices and the strong performance of U.S. stocks.

The ICE U.S. Dollar Index, a measure of the greenbacks strength against a basket of six currencies, was up 0.17% to 87.8160.

The dollar, also rose to 114.85 yen, compared to ¥114.60 late Friday.

Pound traded at $1.5843, compared to $1.5872 Friday.

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Gold Falls Over 2 pct as Dollar Rises; Open Interest Eyed

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Gold fell over 2 percent on Monday as the dollar rose, nearly wiping out its previous session's rally, but signs of renewed buying interest in the U.S. futures market could underpin prices, traders said.

A combination of oil futures tumble and higher U.S. stock markets also weighed down on the yellow metal's appeal as a safe haven.

On Friday, it rallied almost 3 percent after U.S. payrolls data marginally missed expectations, sending the dollar lower.

While most analysts had cited short covering for Friday's gains, exchange data suggested speculators might have increased new bullish bets in the gold futures market.

Spot gold was down 2.2 percent at $1,152.77 an ounce by 2:35 p.m. U.S. COMEX gold futures for December delivery settled down $10 at $1,159.80, with trading volume about 25 percent above its 30-day average, preliminary Reuters data shows.

Source : Reuters

U.S. Stocks Extend Record on Corporate Results Optimism

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U.S. stocks advanced, with the Standard & Poors 500 Index extending an all-time high, as investors watched corporate results and speculated the economy is strong enough to withstand a global slowdown.

The S&P 500 rose 0.3 percent to 2,038.23 at 4 p.m. in New York. The Dow Jones Industrial Average climbed 39.72 points, or 0.2 percent, to 17,613.65, poised for a record close.

U.S. companies added 230,000 workers to payrolls in October, ADP Research Institute reported last week. The jobless rate unexpectedly fell to a six-year low, even as more people entered the labor forcer. Earlier this month, The Bloomberg Consumer Comfort Index climbed to the second-highest level since 2008, as West Texas Intermediate crude oil fell to below $80 for the first time since 2009.

The S&P 500 has rebounded 9.4 percent from a six-month low on Oct. 15 amid better-than-estimated corporate results and economic data indicating the economy is strong enough to overcome any effects from a global slowdown and the end of Federal Reserve bond buying. The index rose 0.7 percent last week for a third straight gain and closed Nov. 7 at a record.

Source : Bloomberg

U.S. Stocks Extend Record on Economy, Corporate Results Optimism

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U.S. stocks advanced, after the Standard & Poors 500 Index posted a third weekly gain, as investors watched corporate results and speculated the economy is strong enough to withstand a global slowdown.

The S&P 500 rose 0.2 percent to 2,036.01 at 12:28 p.m. in New York, extending an all-time high. The Dow Jones Industrial Average climbed 20.07 points, or 0.1 percent, to 17,594, poised for a record close. Trading in S&P 500 stocks was 6 percent above the 30-day average at this time of day.

U.S. companies added 230,000 workers to payrolls in October, ADP Research Institute reported last week. The jobless rate unexpectedly fell to a six-year low, even as more people entered the labor forcer. Earlier this month, The Bloomberg Consumer Comfort Index climbed to the second-highest level since 2008, as West Texas Intermediate crude oil fell to below $80 for the first time since 2009.

Source : Bloomberg

Europe Share Gain as Investors Weigh Earnings; Carlsberg Rises

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European stocks advanced, after posting a weekly decline, as investors weighed corporate results from companies including Carlsberg A/S and Lonmin Plc.

Carlsberg added 3.1 percent after Russias biggest brewer said its markets share improved in the country as it reported better-than-expected third-quarter profit. Lonmin climbed to its highest price in seven weeks after saying it didnt see the need to raise funds this financial year. Nutreco NV jumped 14 percent after a Dutch investment company raised its bid for the animal-feed maker by 11 percent, fending off a rival approach by Cargill Inc.

The Stoxx Europe 600 Index rose 0.7 percent to 337.71 at the close, extending gains in the last 90 minutes of trading. The gauge lost 0.5 percent last week as banks retreated, and European Central Bank President Mario Draghi said policy makers are unanimous on boosting monetary stimulus if needed, while warning that the ECB may have to downgrade outlook forecasts. A contrarian sentiment index for Europe from BNP Paribas SA extended a four-year low, indicating that stocks will rally.

Source : Bloomberg