Tag Archives: euro
Wall Street closes up on tech gains, S&P near 1,600
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labor market conditions a day before the closely watched monthly payroll report. The European Central Bank also lifted sentiment, putting the S&P 500 at another all-time closing high, as the ECB cut interest rates for the first time in 10 months and held out the possibility of further action if necessary to boost the euro zone economy. Continue reading
Wall St closes up on tech gains, S&P near 1,600
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labor market conditions a day before the closely watched monthly payroll report Continue reading
S&P 500 closes at record, led by energy, tech shares
By Ryan Vlastelica NEW YORK (Reuters) – The S&P 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions. Stronger-than-expected housing data also boosted the market, as did Italy's formation of a new government, ending months of uncertainty and raising hopes for new policies to promote growth in the euro zone's third-largest economy Continue reading
S&P 500 closes at record, led by energy, tech shares
By Ryan Vlastelica NEW YORK (Reuters) – The S&P 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions. Stronger-than-expected housing data also boosted the market, as did Italy's formation of a new government, ending months of uncertainty and raising hopes for new policies to promote growth in the euro zone's third-largest economy Continue reading
Australian Dollar Climbs Against Some Majors
CANBERA (dpa-AFX) – The Australian dollar advanced against the euro, U.S. and Canadian dollars in Asia on Monday.The aussie is presently trading at 1.0313 against the greenback, up from last week’… Continue reading
Italy president names center-left’s Letta as new premier
By Barry Moody and Paolo Biondi ROME (Reuters) – Italian President Giorgio Napolitano on Wednesday asked center-left politician Enrico Letta to form a new government, signaling the end of a damaging two-month stalemate since elections in the euro zone's third largest economy in February. Continue reading
Asian shares seen rising, weak data pressures euro
By Chikako Mogi TOKYO (Reuters) – Asian shares are set to track global equities higher on Wednesday, but the euro remained under pressure despite a modest recovery after soft German data underscored the still-fragile state of the euro zone economy. After the bell on Wall Street, Apple shares rose 3.8 percent after the company reported better-than-expected second-quarter revenue of $43.6 billion, reflecting strong sales of the iPad and iPhone Continue reading
Mediterranean Resort Holiday Costs ‘Plunging’
Getaways to Portugal and Spain are becoming cheaper for Brits, even though the pound is weak against the euro, a report finds. Continue reading
Anti-Euro Party a Wildcard in German Elections
By Frank Jordans BERLIN — It’s a spectacle that Germans are getting tired of: southern European protesters burning their flags and waving placards comparing Chancellor Angela Merkel to Nazi leader Adolf Hitler, all in reaction to Berlin’s insistence on reforms and austerity in return for bailout funds. And it’s enough to make people such as Berlin businessman Horst Freiberg, who never felt much love for the euro currency, pine more than ever for the return of the German mark. … Continue reading
