U.S. Stocks Climb on Fed Optimism, Lower Jobless Claims

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img U.S. stocks rose for a third day as investors speculated interest rates will remain low and data showed fewer Americans filing for jobless claims.

The Standard & Poor’s 500 Index advanced 0.3 percent to 2,006.53 at 9:33 a.m. in New York. The Dow Jones Industrial Average added 36.54 points, or 0.2 percent, to 17,193.39.

“The market’s still in Fed mode,” Joe Bell, a senior equity analyst at C

Gold Bulls Extend 2014 Exit as Slump Erases $6.7 Billion

Posted by Forexsq 14 hours ago (http://www.bloomberg.com)
img Hedge funds extended this year’s longest exit from bullish gold bets as slumping prices and investor outflows since June erased $7.16 billion from the value of exchange-traded funds backed by the metal.

The net-long position in New York futures and options fell for a fifth straight week, with speculators boosting short bets to the highest since June, U.S. government data show. Investors sold 1

Pound 2-Year High Shows Bets Scotland Votes ‘No’

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img Currency traders are betting that Scottish nationalists’ bid for independence will fail today.

The pound strengthened to the highest level versus the euro in two years as Scotland’s electorate voted on whether to end its three-century-old union with the U.K. Sterling appreciated versus all but one of 16 major peers as a poll by Ipsos Mori showed 53 percent of those surveyed said they would vot

Pound rises to two-year high against euro

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img The pound reached a two-year high against the euro Thursday as investors entered bullish positions in the currency as Scots headed to the polls to vote on a closely watched referendum on independence.

The pound also got a lift from data that showed U.K. store prices fell 1.2% in August, the biggest drop since July 2009.

The euro EURGBP, -0.24% hit a low of 0.7854 against the pound, compare

Yellen says poor Americans live in ‘sobering’ conditions

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img The condition of lower-income families in America is “sobering” even as the economy recovers, Federal Reserve Chairwoman Janet Yellen said Thursday.

“We have come far from the worst moments of the crisis and the economy continues to improve, but the effects of the recession are still being felt by many families, particularly those that had very little in savings and other assets beforehand,“ Y

Markets rally as Scotland votes to stay | Top Forex Brokers

Posted by Forexsq 3 days ago (http://www.topforexbrokers.com)
img Investors breathed a deep sigh of relief Friday as Scotland voted to stay in the United Kingdom, averting months of turmoil that would have hurt the economy. Results from the... moreShare it now!

Cantor: ‘Buy’ Alibaba shares after IPO

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img For those wondering what they should do when Alibaba’s shares start trading Friday morning, Cantor Fitzgerald recommends they buy.

The broker initiated research coverage of the Chinese Internet retailing giant with it’s top buy rating. Analyst Youssef Squali placed a 12-month price target of $90 on the shares BABA, +0.00% which represents a 32% premium to $68-a-share pricing of Alibaba’s initi

Alibaba Indicated to Open Higher After Record U.S. IPO

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img Alibaba Group Holding Ltd., the e-commerce company started in 1999 with $60,000 cobbled together by Jack Ma, cemented its status as a symbol of China’s economic emergence by raising $21.8 billion in a U.S. initial public offering.

The company and shareholders including Yahoo! Inc. sold 320.1 million shares for $68 each, according to a statement, after offering them for $66 to $68. Half of the

U.S. Consumer Prices Drop for First Time in a Year

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img The cost of living in the U.S. unexpectedly dropped in August for the first time in more than a year, showing inflation still is falling short of the Federal Reserve’s goal as policy makers meet.

The consumer-price index declined 0.2 percent, the first decrease since April 2013, a Labor Department report showed today in Washington. The median forecast of 83 economists surveyed by Bloomberg cal

Stocks Rise as Investors Await Alibaba to Begin Trading

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img U.S. stocks rose for a fourth day as Alibaba Group Holding Ltd. shares prepared to start trading and corporate takeovers boosted investor optimism.

Alibaba is indicated to open higher after the company raised a record breaking $21.8 billion in an initial public offering. Dresser-Rand Group Inc. rallied 12 percent as Siemens AG prepared to offer more than $6.5 billion for the company, according

Dollar Erases Gains After U.S. Consumer Prices Fall

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img The dollar erased gains after a report showed U.S. consumer prices unexpectedly fell in August for the first time in more than a year.

The U.S. currency rose earlier versus most major peers as traders weighed whether the Federal Reserve will alter the language of its policy statement today to signal when interest rates will rise.

“For now, the dollar is selling off against most currencies a

'Hundreds of thousands' of orders placed for Alibaba in debut: NYSE

Posted by Forexsq 3 days ago (http://www.reuters.com)
img A top New York Stock Exchange executive on Friday said on CNBC that "hundreds of thousands of orders" for shares of Alibaba Group Holdings Ltd. (BABA.N) had been placed ahead of the stock's trading debut, expected later in the morning.

In an interview on CNBC, Scott Cutler, head of the NYSE's global listing business, said an initial indicative pricing range for the stock would be posted shortl

Scotland Without the Pound Seen as a Threat to Housing

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img A vote in favor of Scottish independence tomorrow threatens to weigh down a booming housing market should thousands of homeowners become debtors of foreign lenders.

Political leaders in the U.K. are sparring over whether an independent Scotland would keep the pound, with the outcome having major consequences for the economy and housing. If Scottish homeowners eventually have to repay pound-den

Dollar Heads for Longest Rally Since 1967 on Divergence

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img The dollar is poised for its longest stretch of gains since Lyndon Johnson was in the White House after the Federal Reserve signaled an end to unprecedented monetary stimulus measures next year.

The U.S. Dollar Index rose for a 10th straight week, the longest since at least March 1967. The yen fell to a six-year low as the Bank of Japan pledged to maintain stimulus to stave off deflation, and

Pound Strengthens a Second Day Amid Split BOE Vote, Jobless Data

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img The pound strengthened for a second day against the dollar as minutes of the Bank of England’s most recent policy meeting showed two officials voted for a second month to raise interest rates.

Sterling gained versus all of its 16 major peers as Scotland prepares to vote tomorrow on independence. U.K. government bonds were little changed after a report showed the nation’s jobless rate fell to a

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