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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.

Mar 22, 2015

U.S. multinationals set to face much more pain from strong dollar

NEW YORK (Reuters) – The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession.

The dollar’s gain of 22 percent in the past 12 months against a basket of major currencies has landed a double whammy on U.S. companies with big sales abroad. Revenue and earnings from foreign markets are worth less when translated into greenbacks and their costs become relatively less competitive against rivals producing in countries with declining currencies.

Mar 22, 2015

Analysis – U.S. multinationals set to face much more pain from strong dollar

NEW YORK (Reuters) – The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession.

    The dollar’s gain of 22 percent in the past 12 months against a basket of major currencies has landed a double whammy on U.S. companies with big sales abroad. Revenue and earnings from foreign markets are worth less when translated into greenbacks and their costs become relatively less competitive against rivals producing in countries with declining currencies.

Mar 19, 2015

Wall Street poised for slightly lower open

NEW YORK (Reuters) – U.S. stock index futures were down slightly on Thursday implying a lower opening for stocks after the Federal Reserve cut economic growth and inflation projections and indicated it was in no rush to hike interest rates.

U.S. stocks had ended up higher on Wednesday as investors, who had sold equities ahead of the meeting, were relieved by Fed Chair Janet Yellen’s dovish outlook.

Mar 17, 2015

Wall St falls as investors wait for Fed statement

March 17 (Reuters) – U.S. stocks pulled back on Tuesday from
a rally in the previous session ahead of a Federal Reserve
meeting that investors hope will bring insight on the timing of
an interest rate hike.

Investors held off on making big bets after the Federal Open
Market Committee kicked off its meeting, which will be followed
by a statement from Chair Janet Yellen Wednesday afternoon.

Mar 17, 2015

Wall St opens lower ahead of Fed meeting

March 17 (Reuters) – U.S. stocks pulled back on Tuesday from
a rally in the previous session ahead of a Federal Reserve
meeting that investors hope will bring insight on the timing of
an interest rate hike.

The Federal Open Market Committee is due to start a two-day
meeting on Tuesday and is expected to put out its statement and
projections on Wednesday afternoon.

Mar 17, 2015

Wall Street was set for lower open ahead of Fed meeting

By Sinead Carew

(Reuters) – U.S. stock index futures implied a lower open on Tuesday after a rally in the previous session and ahead of a Federal Reserve meeting that could give investors a gauge on the timing of an interest rate hike.

The Federal Open Market Committee is due to start a two-day meeting on Tuesday and is expected to put out its statement and projections on Wednesday afternoon.

Mar 16, 2015

Wall St climbs as dollar drop eases worry over earnings impact

March 16 (Reuters) – U.S. stocks rose on Monday, with the
benchmark S&P 500 rebounding after three weeks of losses, as a
stronger euro against the U.S. dollar reassured investors who
had worried over the impact of a robust dollar on mutinationals’
earnings.

Investors were cautious ahead of a U.S. Federal Reserve
statement due on Wednesday, when they expect the central bank to
give a clearer signal on the timing of its first interest rate
hike in almost a decade.

Mar 16, 2015

Wall St rises as euro recovers against dollar

March 16 (Reuters) – U.S. stocks opened higher Monday and
the benchmark S&P 500 rebounded after three weeks of losses as
the euro strengthened against the dollar, easing some concerns
over the impact of a robust greenback on corporate earnings.

Investors have been cautious ahead of a U.S. Federal Reserve
statement due on Wednesday, when they expect the central bank to
give a clearer signal on the timing of its first interest rate
hike in almost a decade.

Mar 16, 2015

Wall Street futures rise as euro recovers

By Sinead Carew

(Reuters) – U.S. stock index futures were up on Monday, putting the benchmark S&P 500 on track for a rebound after three weeks of losses, as currency markets helped reassure U.S. investors concerned about how a strong dollar would hurt earnings.

The S&P 500 has fallen 2.7 percent in the last three weeks, including a 0.9 percent drop last week. The Dow lost 0.6 percent last week while the Nasdaq declined 1.1 percent.

    • 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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