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Jul 30, 2015

Gathering rate hike hopes lift dollar, Treasury yields

NEW YORK (Reuters) – The dollar touched one-week highs and shorter-term U.S. Treasury yields rose on Thursday as accelerating U.S. gross domestic product data encouraged bets policymakers will start hiking U.S. interest rates as soon as September.

Wall Street ended mostly higher but gains were muted by soft corporate earnings. Oil prices surrendered early increases and declined under the weight of the rising dollar.

Jul 30, 2015

Dollar, U.S. yields rise on rate-hike prospects

NEW YORK (Reuters) – The dollar traded near weekly highs and U.S. Treasury yields rose on Thursday as U.S. gross domestic product data showed a pick-up in consumer spending and encouraged bets that hikes in U.S. interest rates will start as soon as September.

Wall Street was off on disappointment that GDP data was slightly below forecasts, while oil prices shrugged off an earlier drag from the dollar’s gains and edged ahead on an unexpectedly big drop in U.S. oil inventories.

Jul 28, 2015

Global stocks rally as China fears dwindle, oil prices steady

NEW YORK (Reuters) – U.S. and European stock markets climbed 1 percent or more on Tuesday, reversing five days of declines, as investors looked past China’s equities sell-off and took buying cues from earnings and mergers news.

Prices of safe-haven government bonds eased, while the dollar rallied on growing expectations the Federal Reserve, in a policy statement due on Wednesday, could take a hawkish bias towards raising interest rates. Oil prices recovered from six-month lows and steadied on hopes U.S. crude stockpiles were shrinking.

Jul 28, 2015

Stocks rally as China fears dwindle, oil prices steady

NEW YORK, July 28 (Reuters) – U.S. and European stock
markets climbed 1 percent or more on Tuesday, reversing five
days of declines, as investors looked past China’s equities
sell-off and took buying cues from earnings and mergers news.

Prices of safe-haven government bonds eased, while the
dollar rallied on growing expectations the Federal Reserve, in a
policy statement due on Wednesday, could take a hawkish bias
toward raising interest rates. Oil prices recovered from
six-month lows and steadied on hopes U.S. crude stockpiles were
shrinking.

Jul 28, 2015

Stocks rally after losing streak as China fears dwindle

NEW YORK, July 28 (Reuters) – U.S. and European stocks rose
on Tuesday, and were on track to snap five-day losing streaks as
investors focused on earnings and mergers news and looked past
another fall in Chinese equities.

Prices of safe-haven government bonds eased, while the
dollar rallied on growing expectations the Federal Reserve could
take a hawkish bias toward raising interest rates in a policy
statement due on Wednesday. Oil prices turned up on hopes U.S.
crude stockpiles were shrinking.

Jul 28, 2015

Global stocks end losing streak as China fears ease

NEW YORK (Reuters) – U.S. and European stocks were on track to snap five-day losing streaks on Tuesday, as investors focused on earnings news and mergers and looked past another fall in Chinese equities and sliding oil prices.

Safe-haven government bonds eased in price, while the dollar rallied on growing expectations the Federal Reserve could take a hawkish bias toward raising interest rates in a policy statement due on Wednesday.

Jul 28, 2015

Stocks end losing streak as China fears ease

NEW YORK, July 28 (Reuters) – U.S. and European stocks were
on track to snap five-day losing streaks on Tuesday, as
investors focused on earnings news and mergers and looked past
another fall in Chinese equities and sliding oil prices.

Safe-haven government bonds eased in price, while the dollar
rallied on growing expectations the Federal Reserve could take a
hawkish bias toward raising interest rates in a policy statement
due on Wednesday.

Jul 27, 2015

China stocks rout stings world equities, commodities

NEW YORK, July 27 (Reuters) – The biggest rout in Chinese
shares in eight years stoked concerns on Monday over slowing
growth in the world’s No. 2 economy, knocking down global
equities and the prices of key commodities.

The dollar eased on safety bidding for other major
currencies. The euro topped $1.11 for the first time in two
weeks, boosted further by strong German business sentiment data.

Jul 27, 2015

China equity rout hurts world stocks, commodities

NEW YORK (Reuters) – The biggest rout in Chinese shares in eight years stoked concerns on Monday over the worldwide impact of slowing growth in the world’s No. 2 economy, knocking down global equities and the prices of key commodities.

The dollar was weak ahead of the week’s main set piece – Wednesday’s Federal Reserve policy decision and statement – with a better-than-expected survey of German business sentiment prodding the euro above $1.11 for the first time in two weeks.

Jul 23, 2015

Wall St drops for third day, dollar cuts losses

NEW YORK, July 23 (Reuters) – Disappointing results and
other news from corporate bellwethers knocked down U.S. and
European equity prices on Thursday, while strong American labor
market data helped the dollar narrow losses.

Oil prices declined, with U.S. crude dropping below $49 per
barrel for the first time since April, as gold got a lift from
the softer dollar and briefly traded above $1,100 an ounce.