ECB Meeting Later Today, Barclays Runs Into Further Trouble in New York
January 22, 2015 7:00 am
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging Euro zone economy. The Nikkei ended higher at 17,329.02.
U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM limited gains. The Dow gained 39 points to close at 17,554. The S&P500 gained 9 points to close at 2,032.
The Euro traded narrowly, between $1.1629 and $1.1589, moving away from an 11-year nadir of $1.14595 plumbed last week as the market trimmed short positions ahead of the ECB meeting. The Dollar edged up 0.1% to 118.12 Yen following wide swings the previous session after the Bank of Japan held policy steady. The Aussie fetched $0.8069, having shed more than 1% overnight. It was pulling closer to a six-year trough of $0.8033 set earlier in the month. The Kiwi tumbled to a 2-1/2 year low of $0.7516.
Brent crude futures were trading at $48.86 per barrel at 10.53 p.m. ET, down 17 cents since their last settlement. U.S. WTI crude was down 32 cents at $47.46 a barrel.
Within the equity space New York’s top law enforcer on Wednesday accused Barclays of defying his subpoenas in a probe of high-speed trading in its private “dark pool,” and moved to expand his lawsuit accusing the British bank of fraud. The stock is 0.2% down in early trade at 236p per share.
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging Euro zone economy. The Nikkei ended higher at 17,329.02.
U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM limited gains. The Dow gained 39 points to close at 17,554. The S&P500 gained 9 points to close at 2,032.
The Euro traded narrowly, between $1.1629 and $1.1589, moving away from an 11-year nadir of $1.14595 plumbed last week as the market trimmed short positions ahead of the ECB meeting. The Dollar edged up 0.1% to 118.12 Yen following wide swings the previous session after the Bank of Japan held policy steady. The Aussie fetched $0.8069, having shed more than 1% overnight. It was pulling closer to a six-year trough of $0.8033 set earlier in the month. The Kiwi tumbled to a 2-1/2 year low of $0.7516.
Brent crude futures were trading at $48.86 per barrel at 10.53 p.m. ET, down 17 cents since their last settlement. U.S. WTI crude was down 32 cents at $47.46 a barrel.
Within the equity space New York’s top law enforcer on Wednesday accused Barclays of defying his subpoenas in a probe of high-speed trading in its private “dark pool,” and moved to expand his lawsuit accusing the British bank of fraud. The stock is 0.2% down in early trade at 236p per share.
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