Euro Slumps in Worst Quarter on Record as Greek Aid Talks Stall

The euro extended its biggest quarterly slide versus the dollar since its inception as Greece struggled to avert a default. The 19-nation currency’s share of global reserve holdings fell to the least in 12 years amid the European Central Bank’s unprecedented monetary stimulus. That contrasts with the U.S. Federal Reserve, which is on track to raise interest rates this year for the first time since 2006. The euro fell 0.8 percent to $1.0747...

Gold’s March Loss Spurs Quarterly Decline on Fed Rate Outlook

Gold futures fell for a second month in March, leading to a decline for the first quarter. Futures traded mostly little changed on Tuesday, ending the day with a 0.2 percent loss after Federal Reserve Bank of Richmond President Jeffrey Lacker said there is a strong case to be made that interest rates should rise in June. Higher rates boost the appeal of assets with better yield prospects such as bonds and equities, while cutting the allure...

U.S. Stocks Trim Quarterly Gain as Health-Care, Industrials Fall

U.S. stocks declined amid a retreat among health-care and industrial companies, trimming a ninth straight quarterly advance for the Standard & Poor’s 500 Index.The S&P 500 lost 0.9 percent to 2,068.05 at 4 p.m. in New York, while marking its longest quarterly winning streak since 1998. The Nasdaq Composite Index, down 0.9 percent Tuesday, posted its longest quarterly winning...

European Stocks Close Lower on Greece Jitters

European stock markets closed significantly lower Tuesday following mixed eurozone data and contentious Greek bailout talks, while London's main index failed to gain after an upgrade of British economic growth.London's benchmark FTSE 100 tumbled 1.72 percent to end the day at 6,773.04 points.Frankfurt's DAX 30 index slumped 0.99 percent to  close at 11,966.17 points, while the...

Asian Stocks Set for Best Quarter in 3 Years Amid Global Rally

Asian stocks rose, with the regional benchmark poised for the best quarter in three years as China moved to support economic growth, sending shares higher in the U.S. and Europe and the yen tumbling against the dollar. The MSCI Asia Pacific Index added 0.6 percent to 147.35 as of 9:01 a.m. in Tokyo, on course for a 6.9 percent quarterly advance, the most since the first three months...

Euro Weakens as Greek Debt Talks Cloud Outlook Amid Dollar Rally

The euro dropped after a two-week rally on signs Greece is still a long way from reaching a deal to unlock bailout funds.The shared currency resumed a slide that has seen it decline against most of its 16 major peers this year as the European Central Bank buys sovereign bonds to support growth and stave off deflation. That contrasts with the U.S. Federal Reserve, which is debating when to raise interest rates for the first time since 2006...

Gold Futures Slump Most in Three Weeks as Investor Demand Wanes

Gold fell the most in three weeks on signs that investors are balking at the metal even after a recent rally. Hedge funds cut their net-long position to the lowest since December 2013 and are holding the most short wagers since records begin in 2006, U.S. government data show. Global assets in exchange-traded products backed by gold dropped 56.6 metric tons in March, the most in...

U.S. Equities Extends Quarterly Advance Amid Corporate Mergers

U.S. stocks rose, extending a quarterly advance, amid corporate mergers and optimism central banks will support global growth. The Standard & Poor’s 500 Index advanced 1.2 percent to 2,086.22 at 4 p.m. in New York, maintaining its longest streak of quarterly increases since 1998. With a 0.2 percent advance on Friday, the index completed its first back-to-back gain after 28 days, the longest drought since 1994. Federal Reserve Chair...

Europe Stocks Rise Most in Three Weeks on Central-Bank Optimism

European stocks rose the most in almost three weeks, poised for their best quarter since 2009, amid optimism central banks will continue to support global growth.The Stoxx Europe 600 Index rose 1.1 percent to 399.84 at the close of trading, extending gains after data showed pending sales of U.S. homes rose more than forecast in February. The benchmark gauge on Friday trimmed its worst weekly loss of the year, buoyed by health-care shares....

Minyak Kembali Turun untuk Hari Kedua Akibat Buntunya Pembicaraan Nuklir Iran

Minyak turun untuk hari kedua pasca pembicaraan antara pemerintah Iran dan diplomat negara barat guna membahas kesepakatan nuklir yang dapat menyebabkan ekspor minyak hari negara-negara islam meningkat, ini menambah banjirnya pasokan minyak global. Minyak berjangka turun sebesar 1.9 persen di New York. Pejabat kedua negara dijadwalkan mengadakan pertemuan senin pagi di Swiss terkait...

Gold Declines as Investors Weigh Rates Outlook, Dollar Advances

Gold dropped for a second day after Federal Reserve Chair Janet Yellen said that she expects interest rates to rise this year in the world’s biggest economy, boosting the dollar for a third day. Silver retreated. Bullion for immediate delivery fell as much as 0.2 percent to $1,195.91 an ounce and was at $1,197.50 at 8:44 a.m. in Singapore, according to Bloomberg generic pricing....

Chinese Shares Advance on Stimulus Bets; Oil Drops, Dollar Gains

Chinese shares jumped amid speculation the government will do more to support growth and as more mainland funds were allowed to trade Hong Kong equities. Oil slid a second day and the dollar was stronger against most peers. The Hang Seng China Enterprises Index surged 2.8 percent by 11:03 a.m. in Tokyo, and the Hang Seng Index advanced 1.2 percent as regulators expanded access to the city’s exchange link with Shanghai. MSCI Asia Pacific...

Hong Kong Stocks Open 0.99 % Higher

Hong Kong shares opened 0.99 percent higher Monday after gains on Wall Street that snapped a four-day losing streak. The benchmark Hang Seng Index added 241.26 points to 24,727.46. In mainland China the benchmark Shanghai Composite Index gained 0.67 percent, or 24.83 points, to 3,715.93. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.29 percent, or 5.61 points, to 1,941.20. Source : AF...

China Stock-Index Futures Rise on PBOC Easing Signal, Silk Road

China’s stock-index futures rose after President Xi Jinping announced details of his Silk Road plan, and the central bank said the nation’s growth rate has tumbled “a bit” too much and policy makers have scope to respond. Futures on the CSI 300 Index expiring in April, the most active contract, advanced 1.2 percent to 4,013.40 as of 9:25 a.m. local time. The Shanghai Composite...

Dollar Gains Amid Higher Yields as Traders Look Past Fed Views

The dollar’s fighting its way back after the Federal Reserve sent it reeling last week with cuts to its projections for interest rates, inflation and growth.The greenback gained the most in a week as Treasury yields rose from six-week lows after jobless claims dropped to the lowest level since mid-February. The yen advanced to the strongest level in more than a month as Saudi Arabia and its allies bombed targets in Yemen, increasing demand...

Gold Pares Gains After Yemen Air Strikes Rattle Markets

Gold pared gains after hitting a 3-1/2-week high on Thursday, after a knee-jerk reaction to escalating tensions in the Middle East knocked stocks and drove investors into assets viewed as lower-risk, such as bullion and German bonds. Silver rose nearly 3 percent to the highest level in more than five weeks before coming off its highs. Stock markets worldwide were knocked lower and oil prices jumped after Saudi...

S&P 500 Erases Gain in 2015; Treasuries Fall as Gold, Crude Rise

U.S. stocks fell for a fourth day in the longest slide since January, as declines in transportation shares overshadowed a rebound in technology companies. Treasuries tumbled amid weak auction demand, while oil advanced as Saudi Arabia bombed targets in Yemen. The Standard & Poor’s 500 slipped 0.2 percent at 4 p.m. in New York, erasing advances in 2015. The gauge fluctuated between gains and losses throughout the session after...

European Shares Tumble for a Second Day Amid Middle East Tension

European shares posted their biggest two-day slump in almost three months amid increased tension in the Middle East.The Stoxx 600 slid 0.9 percent to 394.54 at the close of trading, as Saudi Arabia and its allies bombed rebels in Yemen. Shares pared losses of as much as 1.8 percent in the final hour of trading. The measure is on course for its largest weekly fall this year after climbing within 0.4 percent of a record. A gauge of energy...

U.S. Stocks Little Changed as Tech Rebound Offsets Airline Slump

U.S. stocks were little changed after erasing an early decline as a rebound in technology shares offset a drop in transportation companies amid crude oil’s five-day rally. Technology shares rose 0.4 percent, even as SanDisk Corp. plunged 17 percent amid a lower first-quarter revenue projection. International Business Machines Corp., Apple Inc. and Intel Corp. added more than 1 percent. American Airlines Group Inc. and Delta Air Lines...

Dollar Declines as Post-Fed Adjustment Continues for Traders

The dollar declined as unexpectedly weak economic data has investors adjusting their outlook in the wake of last week’s Federal Reserve meeting.Orders for durable goods dropped in February, extending the greenback’s losses after it slid the most in more than three years last week as the Federal Open Market Committee cut projections for future rates, inflation and growth. A gauge of expected currency swings has jumped during the past month.The...

Gold hits 2-1/2 Week High as German Data Lifts Euro

Gold hit 2-1/2-week highs on Wednesday, rising for the sixth straight session as upbeat German sentiment data helped drive the euro higher against the dollar, and as expectations for an imminent U.S. interest rate rise receded. The euro was up 0.4 percent versus the U.S. currency after a survey on German business morale fueled expectations that a euro zone economic recovery is...

Nasdaq Composite Falls Most Since April as Tech Shares Tumble

U.S. stocks fell, sending the Nasdaq Composite Index down the most in eleven months, as a selloff in semiconductors spread to the broader market.The Nasdaq Composite lost 2.4 percent at 4 p.m. in New York, the biggest drop since April 10. The Standard & Poor’s 500 Index fell 1.5 percent to 2,061.18, below its average price for the past 50 days.The S&P 500, the Dow and the Nasdaq Composite Index this week came within 1 percent of...

Europe Stocks Post Worst Drop in Two Months After Nearing Record

European stocks posted their worst drop in more than two months, after nearing a record on Tuesday.The Stoxx Europe 600 Index slipped 1.1 percent to 397.95 at the close of trading, as all but two of 19 industry groups slid. Technology shares posted the worst performance, extending losses as U.S. peers also fell. ARM Holdings Plc and ASML Holding NV lost more than 5.5 percent.Europe’s ...

Nasdaq Composite Falls Most in Two Weeks as Tech Shares Tumble

U.S. stocks fell, sending the Nasdaq Composite Index down the most in two weeks, as technology tumbled and investors sold the quarter™s biggest winners. Intel Corp., International Business Machines Corp. and Microsoft Corp. fell the most in the Dow Jones Industrial Average. Kraft Foods Group Inc. soared 39 percent after Warren Buffett™s Berkshire Hathaway Inc. teamed with 3G Capital to acquire the food company and merge it with ketchup...

Aust dollar hits two-month high

Better economic figures out of the US have failed to deter the Australian dollar, which rallied to a two-month high overnight.At 7am (AEDT), the local currency was trading at US78.76c, up from US78.67c on Tuesday.The Australian dollar bounced as high as US79.38c overnight, its highest level since January 28.That was despite strong economic data out of the US, where core inflation ticked up to 1.7 per cent and sales of new homes climbed to...

Gold Advances to Two-Week High on U.S. Interest-Rate Outlook

Gold rose to the highest in two weeks amid speculation that U.S. policy makers will hold off on raising interest rates until later this year. Federal Reserve Chair Janet Yellen signaled last week that the central bank is in no hurry to raise rates after the Fed dropped a pledge to be patient on tightening. Higher borrowing costs cut gold’s allure because the metal generally offers returns only through price gains. The dollar touched...

U.S. Stocks Decline as Dollar Rises With Treasuries; Metals Gain

U.S. stocks dropped while the dollar strengthened as data on consumer prices showed signs inflation is perking up. Treasuries advanced after the sale of two-year notes was characterized as good by firms obligated to bid. The Standard & Poor’s 500 Index lost 0.6 percent at 4 p.m. in New York, its 25th day without consecutive gains, the longest stretch since 2001. The Nasdaq Composite Index erased earlier gains to finish lower by 0.3...

Banks Push European Stocks Higher With Stoxx 600 Nearing Record

Lenders led a rally in European stocks, sending the Stoxx Europe 600 Index near a record.Spain’s Banco Santander SA and Italy’s Intesa Sanpaolo SpA climbed more than 1.5 percent, while France’s Societe Generale SA added 2.5 percent. Deutsche Lufthansa AG lost 1.6 percent as Germanwings, its low-cost subsidiary, operated a plane that crashed in southern France.The Stoxx 600 advanced 0.3 percent to 402.49 at the close of trading in London,...

U.S. Stocks Fluctuate, Dollar Rises With Treasuries; Metals Gain

U.S. stocks fluctuated, the dollar advanced and Treasuries rose as investors assessed the outlook for higher interest rates after consumer prices fell short of the Federal Reserve’s inflation target. The Standard & Poor’s 500 Index fell 0.1 percent at 12:42 p.m. in New York. The Nasdaq Composite Index approached an all-time high as Netflix Inc. and Google Inc. paced gains...

Gold at 2-week high on weaker dollar, rate expectations

Gold firmed for the fourth straight session on Monday to its highest in more than two weeks, as the dollar extended losses and expectations rose that the Federal Reserve will hold off until at least September to raise interest rates.Gold had dipped to a four-month low before the Fed met last week as concerns mounted over higher U.S. interest rates, which could dent demand for non-interest-bearing...

Dollar Drops as Fischer Says Rate-Increase Path Won’t Be Smooth

The dollar extended the biggest weekly decline in three years after Federal Reserve Vice Chairman Stanley Fischer said there won’t be a “smooth upward path” for interest rates even as the first increase may be warranted before the end of 2015. The greenback dropped against all of its 16 major peers as Fischer, in remarks at the Economic Club of New York, said subsequent rate increases will be subject to economic and geopolitical events....

Japan Stocks Fall First Time in Three Days on U.S. Rate Outlook

Japanese stocks fell for the first time in three days as the yen held two days of gains amid speculation the Federal Reserve won’t hurry to raise interest rates. The Topix index declined 0.3 percent to 1,587.30 as of 9:02 a.m. in Tokyo, after closing yesterday at a seven-year high. More than two stocks fell for each that rose. The Nikkei 225 Stock Average lost 0.2 percent to 19,702.42. The yen traded at 119.75 per dollar after Federal...

U.S. Stocks Slip as Transports Decline Offsets Consumer Gains

U.S. stocks retreated after the Standard & Poor’s 500 Index climbed within four points of a record, as a drop in transportation companies offset gains in consumer shares. The Dow Jones Transportation Average dropped after railroad Kansas City Southern cut its outlook. The Nasdaq Biotechnology Index fell 2.2 percent after setting a record Friday. The S&P 500 slipped 0.2 percent to 2,104.44 at 4 p.m. in New York. The Nasdaq Composite...

Europe Stocks Drop After Nearing Record With Seventh Weekly Gain

European stocks declined, after a seventh weekly gain pushed equities near an all-time high.The Stoxx Europe 600 Index slid 0.7 percent to 401.24 at the close of trading, paring earlier losses of as much as 1 percent. The equity gauge ended Friday within 0.4 percent of its March 2000 record close, having surpassed the forecasts of 12 strategists surveyed by Bloomberg in January. The U.K.’s FTSE 100 Index, which climbed above 7,000 for the...

Dollar Holds Losses as Investors Await Fed Speeches for Clues

The dollar held losses against the euro and the yen as investors look to speeches by Federal Reserve officials for clues on monetary policy. A gauge of the greenback against major peers dropped the most since October 2011 last week as banks including HSBC Holdings Plc said the currency’s surge since August is coming to an end. Officials scheduled to speak on Monday include Cleveland Fed President Loretta Mester, a non-voting member,...

Gold Extends Weekly Climb After Dollar Drops Most Since 2011

Gold headed for the longest run of gains since October, rising for a fourth straight day, as the dollar held a weekly loss after the Federal Reserve reduced projections for U.S. interest-rate increases. Bullion for immediate delivery rose as much as 0.4 percent to $1,187.31 an ounce and was at $1,186.68 at 8:01 a.m. in Singapore, according to Bloomberg generic pricing. The metal...

Asian Stocks Extend Global Gains as Gold Climbs; Crude Retreats

Asian stocks climbed, with the regional index extending gains at a six-month high after speculation the U.S. will hold interest rates near zero past mid-year fueled the biggest weekly surge in global equities since 2013. Crude oil declined, while gold advanced. The MSCI Asia Pacific Index rose a fifth straight day, adding 0.6 percent by 9:19 a.m. in Tokyo as Japan’s Topix index rose 0.7 percent. Standard & Poor’s 500 Index futures...

Japanese Shares Head for Seven-Year High as Global Rally Resumes

Japanese stocks rose, with the Topix index headed for a seven-year high, as the rally in global equities resumed amid expectations the Federal Reserve will be slower to raise interest rates. The Topix advanced 0.2 percent to 1,583.14 as of 9:01 a.m. in Tokyo, poised for its highest close since November 2007, after capping a ninth straight weekly gain. The Nikkei 225 Stock Average added 0.1 percent to 19,584.73. The yen traded at 119.95...

Gold Pares Gains From Two-Week High on Renewed U.S. Rate Concern

Gold pared gains after reaching an almost two-week high amid renewed concern that the Federal Reserve will still raise U.S. interest rates, even as policy makers cut their outlook for borrowing costs.Fed officials dropped a pledge to be “patient” in tightening policy in a statement Wednesday, even as they lowered their projections for rates by the end of the year. The dollar rebounded...

Dollar Rallies After Fed Outlook Fuels Biggest Slide Since 2009

The dollar rebounded from its biggest drop in six years amid speculation the Federal Reserve will still raise borrowing costs this year even after cutting its interest-rate projections. The greenback strengthened against 13 of its 16 major peers after the Fed moved a step closer to higher rates against a backdrop of global easing, led by the European Central Bank and Bank of Japan. Fed Chair Janet Yellen wouldn’t rule out a rate increase...

U.S. Stocks Slide After Fed Rally as Energy Shares Retreat

U.S. stocks fell, after a rally Wednesday on the Federal Reserve’s policy statement, as banks retreated and energy companies fell with the price of oil.The Standard & Poor’s 500 Index slipped 0.5 percent to 2,089.40 at 4 p.m. in New York. The Nasdaq Composite Index rose 0.2 percent after briefly climbing above the 5,000 level again.The S&P 500 is on track to go 22 consecutive...

European Stocks Rise to Highest Since 2000 After Fed Statement

European stocks climbed to their highest level since 2000, as the Federal Reserve acknowledged a moderation in economic growth, fueling speculation it won’t be in a rush to raise interest rates. Sixteen of the 19 industry groups on the Stoxx Europe 600 Index advanced, led by energy companies. Royal Dutch Shell Plc rose 1.2 percent, while Premier Oil Plc added 8.1 percent, for the biggest gain on the Stoxx 600. The Stoxx 600 increased...

U.S. Stocks Decline After Fed Rally as Energy Shares Retreat

U.S. stocks fell, after a rally Wednesday on the Federal Reserve’s policy statement, as banks retreated and energy companies fell with the price of oil.Transocean Ltd. and Chesapeake Energy Corp. dropped more than 5.1 percent. Citigroup Inc. and Morgan Stanley fell more than 2.4 percent. The Nasdaq Biotechnology Index rose 1.3 percent. Apple Inc. slipped in its first day in the Dow Jones Industrial Average.The ...

Gold Climbs Most Since January as Fed Official Cut Rate Outlook

Gold prices climbed the most since January as Federal Reserve officials said an increase for interest rates is unlikely next month and cut their outlook for borrowing costs.U.S. economic growth has “moderated somewhat” and inflation has declined further below where officials would like it, the Federal Open Market Committee said in a statement Wednesday. The policy makers lowered their median estimate for the federal funds rate at the...

Dollar Tumbles Most Since 2009 After Fed Cuts Rate Projections

The dollar tumbled the most in six years after the Federal Reserve slashed projections for U.S. interest rates, tempering the removal of a promise to remain “patient” on raising borrowing costs. The greenback weakened versus most major peers as central bank officials almost halved their median estimate for the target rate this year. The dollar has been on a tear for the last six months, with traders boosting bets for further appreciation...