US Inflation Gains See Dollar Strengthen and US Indices Slip
March 25, 2015 7:03 am
Asian stocks stalled on Wednesday following declines on Wall Street, while the Dollar held on to modest gains after a rise in U.S. inflation. U.S. stocks fell for a second straight session on Tuesday, with equities maintaining a tight range that corresponded with currency fluctuations as traders focused on the Dollar’s strength and its possible effect on corporate earnings. The Dow fell 104 points to close at 18,011, the S&P500 closed 12 points lower at 2,091,
The Euro was little changed at $1.0925 after slipping from an overnight peak of $1.1029 briefly reached on the upbeat Euro zone data. The Dollar was steady at 119.61 Yen following an overnight bounce from a low of 119.22. A decline in U.S. Treasury yields limited the Dollar’s gains.
Brent futures for May delivery settled at $55.11 per barrel, down 81 cents. U.S. crude oil rose 6 cents to settle at $47.51.
House builder Bellway said it would reward shareholders after it posted a 53 percent rise in pre-tax profit for the six months to end-January, as it increased volumes of new homes to meet demand in a robust property market. The stock is up 4% in early trade at 2078p per share.
Asian stocks stalled on Wednesday following declines on Wall Street, while the Dollar held on to modest gains after a rise in U.S. inflation. U.S. stocks fell for a second straight session on Tuesday, with equities maintaining a tight range that corresponded with currency fluctuations as traders focused on the Dollar’s strength and its possible effect on corporate earnings. The Dow fell 104 points to close at 18,011, the S&P500 closed 12 points lower at 2,091,
The Euro was little changed at $1.0925 after slipping from an overnight peak of $1.1029 briefly reached on the upbeat Euro zone data. The Dollar was steady at 119.61 Yen following an overnight bounce from a low of 119.22. A decline in U.S. Treasury yields limited the Dollar’s gains.
Brent futures for May delivery settled at $55.11 per barrel, down 81 cents. U.S. crude oil rose 6 cents to settle at $47.51.
House builder Bellway said it would reward shareholders after it posted a 53 percent rise in pre-tax profit for the six months to end-January, as it increased volumes of new homes to meet demand in a robust property market. The stock is up 4% in early trade at 2078p per share.
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