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China’s Inflation May Lead to More Stimulus
July 9th, 2014
China’s consumer inflation cooled slightly more than expected in June, pointing to lingering weakness in the economy which could prompt Beijing to launch further stimulus measures to shore up growth. The consumer price index (CPI) rose 2.3 percent in ...
Palladium Above $870 on Concerns over Supply Constraints
July 9th, 2014
Palladium climbed for a 13th session on Wednesday to trade near its highest since 2001 on concerns over supply constraints in major producer South Africa, while strong demand for the metal from the auto industry also underpinned prices. Gold ...
Asian Equities Lower with Eyes on China
July 9th, 2014
Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data. Consumer prices in the mainland rose an annual 2.3 percent last month, versus estimates for a 2.4 ...
Citigroup may pay $7 billion to resolve U.S. mortgage probes
July 9th, 2014
Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the ...
U.S. Treasury Prices Rally on Weak Equities
July 9th, 2014
U.S. Treasury yields fell on Tuesday after the U.S. government’s auction of 3-year Treasury notes, the first of three debt auctions this week. The Treasury Department auctioned $27 billion in three-year notes at a high yield of 0.992 percent, ...
U.S. Dollar Remains Lower Before Fed Minutes
July 9th, 2014
A gauge of the dollar remained lower before the Federal Reserve releases minutes of its most recent meeting amid speculation an uneven economic recovery will prompt policy makers to hold borrowing costs near zero. The greenback held losses from ...
Wall Street stoked over Alcoa earnings
July 9th, 2014
Alcoa unofficially kicked off earnings season with gusto Tuesday, delivering second-quarter results that smashed expectations. The aluminum giant reported an adjusted quarterly profit of 18 cents a share — 50% more than expected. The news boosted shares of Alcoa ...
Brent Oil down at $109 on Easing Supply Fears
July 9th, 2014
Brent oil slid more than $1 a barrel on Tuesday, its seventh straight decline, with U.S. oil also falling as Libyan oil exports looked likely to rise, and fears eased over a supply disruption in Iraq. Brent has shed ...
Kiwi near 3-year high; dollar awaits Fed minutes
July 9th, 2014
The Kiwi, New Zealand dollar, hovered near a three-year high on Wednesday, buoyed by the prospect of a sovereign rating upgrade, while the U.S. dollar held steady ahead of minutes of the Federal Reserve’s latest policy meeting. Against a basket of ...
Technical Analysis Gold – Indecision Continues Under $1320
July 9th, 2014
Technical Analysis Gold for Wednesday, July 9, 2014 After pushing higher to a three month high above $1330 last week, gold has spent the last now few days easing lower back to below $1320 and is showing more signs ...
