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Latest Market Highlights 29.3.11
wallstreett1984

Biedrs kopš Jan 13, 2011  26 ieraksti wallstreett1984 Mar 29 2011 at 01:14
• The U.S. dollar gave up gains against the euro Monday following remarks from European Central Bank President Jean-Claude Trichet that reinforced expectations the ECB will raise interest rates as soon as next month.

• Crude-oil futures fell to their lowest level in a week Monday, as investors had high hopes that Libyan oil may be back to the pipelines sooner than anticipated.

• Gold futures dipped below $1,420 an ounce Monday, as investors lacked a fresh reason on the geopolitical front to turn their attention to the metal.

• U.S. stock futures were pointing higher as investors considered the latest income and spending data in what will be a busy week for economic releases

• European stock markets finished slightly higher Monday, as telecommunications-equipment firms Alcatel-Lucent and Nokia Corp. rallied after Goldman Sachs recommended buying the shares

• Japanese shares fell Monday as high levels of radioactivity hindered work to control the nuclear fallout from the damaged Fukushima Daiichi power facility, while Hong Kong and Taiwanese stocks lost ground after some earnings reports fell short of estimates

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