Daily Forex Overview
FXStreet.com - JPY pared declines against the Euro and Dollar as initial losses in U.S. stocks led traders to exit carry-trade buys of higher-yielding securities funded by cheap loans in Japan.
Europe shares sag, banks outweigh upbeat retailers
Guardian Unlimited - LONDON, March 6 (Reuters) - European shares fell early on Thursday, ahead of two major central bank decisions, as gains in retailers Carrefour and Ahold and energy stocks were offset by losses in the banking sector. By 0904 GMT the FTSEurofirst 300
Markets decoupling, Rubin states
Edmonton Journal - Enough so, Rubin stated in his monthly Canadian Portfolio Strategy Outlook report that investors should take a less defensive posture toward resource investments. “There is more than adequate momentum in both energy and materials stocks to warrant
Gold’s a solid hit Price spike attracts buyers, sellers
Say Journal-Register - It’s kind of hard to wear stocks around your neck.” John Williams, an investment adviser with A.G. Edwards in Springfield, concurred that for the near term at least, gold will bring a high price.
SKorean technology shares close higher as other Asian markets rally
CNBC - SEOUL (Thomson Financial) - South Korean technology shares closed higher on Thursday as foreign investors and institutions snapped up stocks, encouraged by the main board KOSPI’s strong rebound and the rally in other Asian markets. Broad sentiment
Japan stocks rebound on regional gains
CNBC - TOKYO - Japanese stocks rebounded Thursday, lifted by gains in regional markets and talk that U.S. lawmakers are mulling a bill to help ease the home loan crisis. The benchmark Nikkei 225 stock index added 243.36 points, or 1.88 percent, to shut at
Dollar index hits record low on recession worry
Reuters - TOKYO (Reuters) - The dollar fell to a record low against a basket of major currencies and held near a record trough against the euro on Thursday as weak U.S. service sector and employment data kept alive fears of a U.S. recession. The Institute for
Stocks fluctuate after Ambac and FED data
FXStreet.com - Wall Street has ended a volatile session with a moderate gain after investors sorted through downbeat economic news and a plan to bail out troubled bond insurer Ambac Financial Group Inc. The Federal Reserve’s Beige Book report on regional economies
Springs in tough shape
Victoria Times Colonist - That’s because our springs are in tough shape because of poor open-ocean survival of Canadian stocks — but not American — in 2005, which will persist this summer.
Hong Kong shares close higher led by China stocks; commodities, Ping
CNN Money - HONG KONG (XFN-ASIA) - Share prices shut higher led by China stocks following a rebound in Shanghai, with commodities, financials and telecom counters in focus. Commodity stocks surged after oil and gold prices hit new highs amid the US dollar’s
ECB, BoE Hold Interest Rate Meetings
Newsday - BERLIN - There’s little, if any, hope left of a rate cut Thursday by the European Central Bank, with the euro zone struggling with record inflation, a soaring euro and concerns about slowing growth. But while the ECB is expected to stand pat, some
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