U.S. shares up in choppy trade; euro near 2-month lows
NEW YORK, Nov 12 (Reuters) – U.S. stocks rose in choppy
trade on Monday as firmer Chinese economic data offset concerns
about a possible U.S. fiscal crisis and delays to an installment
of Greek aid.
News that Chinese exports rose sharply in October, signaling
the giant economy was strengthening, encouraged investors.
U.S. shares sag; euro off two-month lows
NEW YORK (Reuters) – U.S. stocks edged down in light holiday trade and world shares stabilized on Monday after three straight sessions of losses as concerns about a possible U.S. fiscal crisis and delays to an installment of Greek aid offset firmer Chinese economic data.
Data showing Chinese exports picked up sharply in October, signaling the giant economy was strengthening, encouraged investors. However, this optimism was undercut by concerns about the euro zone and possible fiscal constraints in the United States, as well as news Japan’s economy shrank 0.9 percent in third quarter and was heading into a mild recession.
Prices rise as fiscal cliff uncertainty prevails
NEW YORK, Nov 9 (Reuters) – U.S. Treasuries rose on Friday
as investors worried that Congress and President Barack Obama
could again find themselves at loggerheads over the budget as
the deadline on the “fiscal cliff” of automatic spending cuts
and tax rises draws closer.
Obama on Tuesday invited congressional leaders to the White
House to start negotiating a deal to avert the $600 billion
package of automatic tax hikes and spending cuts set to kick in
at the start of the year. He vowed to veto any bill that would
extend tax cuts for the top 2 percent of wage earners.
Bonds choppy as fiscal cliff uncertainty prevails
NEW YORK, Nov 9 (Reuters) – U.S. Treasuries saw choppy
trading on Friday, with the long end of the curve advancing even
as other maturities slipped, as investors remained wary of the
approaching “fiscal cliff” despite words of compromise by
President Barack Obama.
In his first formal address since his re-election on
Tuesday, Obama invited congressional leaders to the White House
to start negotiating a deal to avert the package of automatic
tax hikes and spending cuts set to kick in at the start of the
year.
Bonds slip as improved consumer sentiment damps safety bid
NEW YORK, Nov 9 (Reuters) – U.S. Treasuries slipped on
Friday as stock gains sparked by improved consumer sentiment
whetted investors’ appetite for riskier assets at the expense of
safe-haven U.S. debt.
U.S. consumer sentiment rose to its highest level in more
than five years in November as Americans felt more optimistic
about employment prospects and the outlook for the economy,
according to a Thomson Reuters/University of Michigan index.
Stocks rose slightly on that news.
Bonds slip as stock gains curb appetite for safety
NEW YORK, Nov 9 (Reuters) – U.S. Treasuries slipped slightly
on Friday as modest stock gains spurred by improved consumer
sentiment curbed investors’ appetite for safe-haven U.S. debt.
U.S. consumer sentiment rose to its highest level in more
than five years in November as Americans felt more optimistic
about employment prospects and the outlook for the economy,
according to a Thomson Reuters/University of Michigan index.
Stocks rose slightly on that news.
Bonds jump, spurred by fiscal cliff, Europe fears
NEW YORK, Nov 8 (Reuters) – Prices for U.S. Treasuries
jumped on Thursday after a strong sale of 30-year debt
underscored demand spurred by the looming “fiscal cliff” and
fears about the euro zone debt crisis.
In its final refunding auction of the week, the U.S.
Treasury sold $16 billion of 30-year bonds at a high yield of
2.82 percent.
Bonds jump after strong demand at auction
NEW YORK, Nov 8 (Reuters) – Prices for U.S. Treasuries
jumped on Thursday after a strong sale of 30-year debt
underscored demand on the so-called fiscal cliff and continuing
worries in Europe.
In its final refunding auction of the week, the U.S.
Treasury sold $16 billion of 30-year bonds at a high yield of
2.82 percent.
Narrow gains scored before 30-year bond auction
NEW YORK, Nov 8 (Reuters) – U.S. Treasuries made modest
gains on Thursday before a sale of 30-year securities later in
the day, supported by purchases by the Federal Reserve and
prospects for continued moderate economic growth and
accommodative monetary policy.
As traders positioned for the U.S. Treasury’s final
refunding auction of the week, a $16 billion sale of 30-year
bonds, the 30-year Treasury price erased a small
loss and was up 4/32 of a point in price, allowing its yield to
ease to 2.84 percent.
Housing neutral for Fed doves; Operation Twist running on empty
A slightly bigger than forecast 5.7 percent rise in sales of new homes in September reported by the National Association of Realtors on Wednesday lends credibility to September’s jump in housing starts, but appears neutral for Federal Reserve monetary policy discussions.
The jump in new home sales seems to have largely justified the 11 percent jump in September housing starts, says Decision Economics senior economist Pierre Ellis. The inventory of houses for sale at the end of September rose just 1.4 percent, from the end of August and the months’ supply fell to 4.5 months from 4.7 months, he added.
-
About Ellen
-
Follow Ellen
