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Apr 21, 2015

Wall St mixed; euro rises against dollar

NEW YORK, April 21 (Reuters) – Wall Street equities were
mixed and stocks on European and world markets moved higher on
Tuesday, boosted by strong corporate earnings, while the euro
reversed course and rose against the dollar.

Investors held off making big U.S. equities bets as they
waited for more earnings reports and news on Greece, said Scott
Wren, senior global equity strategist at Wells Fargo Investment
Institute in St. Louis.

Apr 21, 2015

Earnings lift stocks but Greek anxiety hits euro

NEW YORK (Reuters) – Global stock markets rose on Tuesday, helped by upbeat European earnings and U.S. earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults.

Wall Street opened higher and European trading was strong, with the pan-regional FTSEurofirst 300 index .FTEU3 up 0.93 percent after a 1.4 percent jump by the Nikkei and 2 to 2.5 percent increases in China’s main markets. The MSCI gauge of stocks in major markets .MIWD00000PUS was up 0.35 percent.

Apr 21, 2015

Earnings lift world stocks but Greek anxiety hits euro

NEW YORK (Reuters) – Global stock markets rose on Tuesday, helped by upbeat European earnings and U.S. earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults.

Wall Street opened higher and European trading was strong, with the pan-regional FTSEurofirst 300 index up 0.93 percent after a 1.4 percent jump by the Nikkei and 2 to 2.5 percent increases in China’s main markets. The MSCI gauge of stocks in major markets was up 0.35 percent.

Apr 20, 2015

Shares gain on China stimulus, Greece worries weigh on euro

NEW YORK, April 20 (Reuters) – Equity markets snapped back
on Monday after China took steps to stimulate its economy, while
the euro weakened amid worries about Greece and oil rose on
Middle East tension.

The Chinese central bank on Sunday cut the amount of cash
banks must hold as reserves in its latest attempt to spur
lending and combat a slowing economy. The news followed reports
last week about a crackdown on margin lending there, which had
sent global equity markets lower on Friday.

Apr 20, 2015

U.S., European shares up after China stimulus but Greece weighs

NEW YORK (Reuters) – European and U.S. stocks rose on Monday after China announced economic stimulus measures while the euro fell against the dollar on worries Greece may default.

Wall Street reversed course after falling steeply on Friday, as companies reported good quarterly earnings although without enough strength to push stocks to record highs.

Apr 17, 2015

Wall Street tumbles, hit by weak earnings, China

By Sinead Carew

(Reuters) – Wall Street tumbled on Friday, with the major indexes down one percent or more, on investor concerns over new regulations in China, Greece’s debt negotiations and disappointing earnings reports from U.S. corporations.

All ten major S&P 500 sectors lost ground, with the S&P Financials index .SPSY losing 1.24 percent and the S&P Consumer Discretionary index .SPLRCD off by 1.27 percent.

Apr 1, 2015

Wall Street, dollar fall after private jobs data, oil up

NEW YORK (Reuters) – U.S. stocks fell for a second day and the dollar dipped after a weaker-than-expected report on private sector employment spurred investor concerns that a highly anticipated monthly U.S. jobs report on Friday could also point to slowing economic growth.

However, oil futures rallied as talks over Iran’s nuclear program continued, curbing expectations of an immediate deal that would allow Iranian crude on to the market. [O/R]

Mar 31, 2015

Euro posts record quarterly drop; Wall St ends day lower

NEW YORK, March 31 (Reuters) – The euro closed out the worst
quarter in its 15-year history on Tuesday, slammed by monetary
policy changes and worries about Greece, while U.S. stocks
retreated a day after posting big gains.

But the S&P 500 and the Nasdaq registered their ninth
straight quarterly gains.

The euro skidded 11 percent against the dollar in the first
quarter reflecting investors’ expectations of divergent monetary
policies. Investors are betting that the U.S. Federal Reserve
will raise interest rates this year, while the European Central
Bank’s one-trillion-euro economic stimulus program is weakening
the euro.

Mar 31, 2015

Wall St. earnings estimates may not foretell currency impact

By Sinead Carew

(Reuters) – Wall street analysts may be inadequately accounting for the dollar’s sharp rise in the first quarter, setting up a scenario in which some multinationals may miss already low consensus estimates – and their shares sell off as a result.

    Equity analysts admit they have had trouble keeping up with the dollar’s rapid 9 percent rise so far this year. While companies have issued forecasts mentioning “currency headwinds,” most Wall St. analysts are not updating their estimates to reflect those rapidly moving exchange rates.

Mar 31, 2015

Wall Street retreats, Euro heads for record quarterly drop

NEW YORK (Reuters) – U.S. stocks retreated on Tuesday from the previous session’s rally, though major indexes were headed for a positive first quarter, while the euro was on track for its biggest quarterly fall as worries about Greece kept the currency under pressure.

The European Central Bank’s one-trillion-euro economic stimulus program, launched this month, has weakened the euro and prompted investors to pile into euro zone shares on bets currency weakness, low borrowing costs and cheap oil will boost European companies’ profits.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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