|Bid||108.450 x 30000|
|Ask||108.650 x 30000|
|Day's range||108.149 - 108.149|
|52-week range||72.008 - 110.791|
|PE ratio (TTM)||35.02|
|Forward dividend & yield||1.12 (1.39%)|
|1y target est||N/A|
Global equities rose on Monday as confidence over economic growth around the world helped investors brush off concerns about the collapse of government talks in Germany, which sent the euro lower against the U.S. dollar. In the latest indication of global economic expansion, the German central bank said the national economy is expanding into the end of the year on strong industrial activity and firms are struggling to find workers to satisfy orders. Investors shrugged off the political impasse in Germany while the U.S. leading economic indicators are further evidence of fairly strong economic data and an economy that is still gaining traction, said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
The euro and European stocks dipped in early trades on Monday after coalition talks collapsed in Germany, but they recovered as investors turned their focus back to improving fundamentals. Chancellor Angela Merkel said her efforts to form a three-way coalition government had failed, thrusting Germany into a political crisis and pushing Europe's largest economy closer to a possible new election. German stocks, which had opened the day half a percent lower, had erased all the losses and were up 0.1 percent by 1240 GMT, while the main pan-European broader Euro STOXX 600 index was 0.3 percent higher.
Central European currencies were in recovery mode on Monday, having suffered an early bout of angst following the sudden collapse of German coalition talks. Germany and the euro zone are central Europe's biggest export market and main source of investment so the prospect of Angela Merkel failing to form a government and of fresh elections in Berlin jarred the mood - at least briefly. The Czech crown, Poland's zloty, Hungary's forint and Romania's leu all fell between 0.3 and 0.6 percent against the dollar before the selling eased and the turn-around began.
European stocks slipped and safe haven government bonds were in demand early on Monday as the collapse of coalition talks in Germany served as a reminder of political risk that still runs as an undercurrent in Europe. Chancellor Angela Merkel said on Monday her efforts to form a three-way coalition government had failed, thrusting Germany into a political crisis and pushing Europe's largest economy closer to a possible new election.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The yield curve continued to flatten after strong U.S. housing starts data for October and investors bet on further rate hikes from the Federal Reserve.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at U.S. tax reform. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetites faded. The yield curve continued to flatten after strong U.S. housing starts data for October.
U.S. stocks rose and the dollar edged higher against a basket of major currencies on Thursday after the U.S. House of Representatives passed its version of a tax overhaul bill. The legislative battle now shifts to the Senate, where the Republican majority is much slimmer. Republicans can lose no more than two Senate votes and at least two GOP senators have already spoken against the Senate version of the bill.
Watch out, FANG lovers. Some of your favorite stocks are poised to be recategorized, potentially removing them from exchange-traded funds that have held them for years.
Investors returned to stock markets around the world on Thursday, inspired by bargain hunting and strong corporate earnings reports, while anticipation of a vote on U.S. tax policy limited the dollar's gains. After five consecutive daily losses on the MSCI (Frankfurt: 3HM.F - news) index of world stocks bounced back helped by Wall Street's gains, which were boosted by results from Cisco Systems (Xetra: 878841 - news) and Wal-Mart Stores.
One of the world's biggest wealth managers predicted on Thursday that global equities would extend their rally into 2018 thanks to solid earnings prospects in the tech sector, dismissing talk that equity markets had hit bubble territory. Mark Haefele, global chief investment officer at UBS Wealth Management, who sets the policy that guides more than $2 trillion in invested assets, told the Reuters 2018 Global Investment Outlook Summit that he expected global stock markets to rise in the single-digit percentage range. Strong tech earnings in the current quarter were a sign that the rally in the sector could continue for some time, said Haefele.
Investors tentatively returned to world stock markets looking for bargains on Thursday, after Europe's longest losing streak of the year and the worst run since March for the top global indices. After five consecutive daily losses on the MSCI (Frankfurt: 3HM.F - news) index of world stocks and seven straight falls in Europe, there was a bounce of sorts.
Emerging stocks snapped a five-day losing streak on Thursday as investors found solace from solid U.S. data in the wake of the recent global equity sell off while currencies advanced despite a slightly ...
Stocks around the world registered their longest losing streak in eight months on Wednesday as weaker oil prices weighed and the dollar came back from session lows after U.S. data boosted expectations ...
The euro turned slightly lower after the dollar strengthened against a basket of major currencies following U.S. data showing a rise in retail sales data last month and an uptick in underlying inflation which cemented expectations for further U.S. interest rate hikes. "With (Other OTC: WWTH - news) signs that underlying inflation pressures are starting to pick back up again, we think the Fed will need to step up the pace of tightening next year, raising the Fed funds rate a total of four times in 2018," Michael Pearce, U.S. economist at Capital Economics in New York, said in a note. The MSCI world equity index, which tracks shares in 47 countries, was set for its fifth straight day of declines, its longest run in the red since March.
World stocks were set for their longest losing streak in more than six months on Wednesday as weaker commodities weighed, while the euro hit its highest levels in three weeks. A slide in crude oil prices on worries over the outlook for demand and weaker metals prices weighed on mining and energy stocks across Asia and Europe, which took their cues from the previous day's stock declines in the United States. The UK's top share index, the FTSE 100, declined half a percent while Germany's export-oriented DAX fell 1 percent, weighed down by a stronger euro, which had risen nearly half a percent in European trading hours.
The Turkish lira hovered near record lows on Wednesday and emerging market equities fell to two-week lows, tracking developed markets after falling oil prices shook enthusiasm for energy stocks. The Russian ...
The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S. tax reform. U.S. Treasury two-year note yields climbed to a nine-year peak while long-dated debt yields fell, flattening the yield curve flattened for a second straight day, while investors braced for a Federal Reserve December rate hike. Stock investors sought updates on rival U.S. tax reform plans in the hope of a boost to corporate earnings.
Strong German economic growth data drove the euro to a three-week high and its biggest rise in a month on Tuesday, though it dented European stocks again as they shuffled back to a two-month low. U.S. stock index futures pointed to a mixed opening for Wall Street, with worries about Republican tax plans and the economy's ability to deal with more rises in interest rates preventing sharper gains.
Emerging market equities held near one-week lows on Tuesday after Chinese economic data showed the world's second-largest economy cooled further in October and China's 10-year Treasury yield hit a three-year ...
Stocks notched a small gain in choppy trade on Monday amid uncertainty over the fate of U.S. tax reform efforts, while Britain's pound fell as investors worried if Theresa May can remain Prime Minister and get a good European Union exit deal. Some investors sought bargains after a few days of losses while others were put off by a dividend cut and weak financial forecasts at heavyweight General Electric (Euronext: GNE.NX - news) which plans to radically shrink to focus on aviation, power and healthcare. Investors were waiting for any signs of compromise on U.S. tax policy after U.S. Senate Republicans on Thursday unveiled a plan that would cut corporate taxes a year later than a rival House of Representatives' bill.
World stock markets were down on Monday amid uncertainty over the fate of U.S. tax reform efforts, while Britain's pound fell on growing concerns about the future of Prime Minister Theresa May. "What the market seems to be focused on is if and when tax reform will be agreed on by Republicans in both the Senate and the House and how it'll fare in Congress," said Ryan Larson, head of U.S. equity trading at RBC Global Asset Management in Chicago.
World stock markets were down on Monday amid uncertainty over the fate of U.S. tax reform efforts, while Britain's pound fell on growing concerns about the future of Prime Minister Theresa May. "The only upside potential's going to come from tax reform.
Uncertainty over a U.S. tax reform deal pushed world stock markets further away from recent record highs on Monday, while Britain's pound fell on growing concern about the future of Prime Minister Theresa May. The overall tone in stock markets was defensive after last week's sudden stumble that began with a slide in Japan.
Emerging markets began the week on the back foot after a barely disguised broadside at China from Donald Trump reawakened worries about trade wars and as crisis-hit Venezuela prepared for a meeting with its creditors. MSCI (Frankfurt: 3HM.F - news) 's widely-tracked emerging market stocks index fell for a third straight session for the first time since September and many of the big regional currencies also struggled as the dollar made ground.
Uncertainty over a U.S. tax reform deal pushed world stock markets further away from recent record highs on Monday, while Britain's pound fell on growing concern about the future of Prime Minister Theresa May. Stock markets in Frankfurt, Paris and London edged up in early European trade after suffering their worst week since August on Friday.