DJ MARKET TALK: RBC Joins Camp For 50BP Ease In Jan
1616 GMT [Dow Jones] RBC is now calling for a 50bp cut in the fed funds rate this month, with another 25bp cut expected in March and a final ease to 3.25% expected in the second quarter of this year. "The U.S. economy is headed for slower growth after the surprisingly strong third quarter," RBC said, necessi...
=DJ FOCUS: ECB's Trichet Ups Warning On 2008 Wage Hikes
By Terence Roth and Nina Koeppen
Of DOW JONES NEWSWIRES
FRANKFURT (Dow Jones)--The European Central Bank on Thursday waded deeper into euro-zone labor market policies with it's sternest warning yet that big wage hikes will trigger...
DJ MARKET TALK: Energy Spurs Jump In Wholesale Sales
1600 GMT [Dow Jones] The jump 2.2% jump in wholesale sales is due to sharply higher (energy) prices, rather than higher sales volumes, says Steve Wood, Chief Economist at Insight Economics. "Wholesale inventories jumped in November but so far in Q4 have been growing more slowly than in Q3. Inventory investment ...
DJ Sterling Index At 1600 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
PREVIOUS CLOSE 96.0 1.9583 0.7491
OPEN 95.8 1.9551 0.7505
10 AM 96.0 1.9616 0.7490
NOON 96.1 1.9610 0.7486
2 PM 95.8 1.9555 0.7502
4 ...
2008-01-10 16:07
DJ Late Spot Sterling Rates In London
DJ Late Spot Sterling Rates In London
U.S.A. 1.9581-1.9584 ( 1.9581-1.9586 )
Euro 1.3285-1.3292 ( 1.3346-1.3353 )
Switzerland 2.1683-2.1690 ( 2.1820-2.1830 )
Japan 214.13-214.19 ( 214.43-214.51 )
Canada 1.9827-1.9837 ( 1.9747-1.9754 )
Norway 10.393-10.399 ( 10.524-1...
2008-01-10 16:00
DJ NEWSWIRES SURVEY: US Nov Trade Deficit Seen $59.75 Bln
DJ NEWSWIRES SURVEY: US Nov Trade Deficit Seen $59.75 Bln
Trade Deficit Nov Oct Sep
Forecast $59.75 $57.50 $59.20
Actual -- $57.82 $57.12
(Amounts in billions)
NEW YORK (Dow Jones)--The U.S. trade deficit is expected to have expanded in November, in part because of higher o...
2008-01-10 15:52
DJ Russian Ruble Strengthens 5.3% in Real Terms In 2007
DJ Russian Ruble Strengthens 5.3% in Real Terms In 2007
MOSCOW (Dow Jones)--The Russian ruble's real effective exchange rate strengthened 5.3% in 2007, the country's central bank said Thursday.
In a statement, the central bank said the ruble had appreciated 14.8% against the dollar in real terms during the period and 5.7% ...
2008-01-10 15:50
DJ Interbank Foreign Exchange Rates At 10:50 EST / 1550 GMT
DJ Interbank Foreign Exchange Rates At 10:50 EST / 1550 GMT
Latest Previous %Chg Daily Daily %Chg
Dollar Rates 2150 GMT High Low 12/31
USD/JPY Yen 109.46-48 109.90-93 -0.40 110.11 109.26 -8.06
EUR/USD Euro 1.4735-38 1.4660-62 +0.51 1.4752 ...
2008-01-10 15:49
DJ Russian 3Q Current Account Surplus $15.76B Vs $23.77B 3Q 2006
DJ Russian 3Q Current Account Surplus $15.76B Vs $23.77B 3Q 2006
MOSCOW (Dow Jones)--Russia's third-quarter current account surplus fell to $15.76 billion from $23.77 billion in the corresponding period of the previous year, the country's central bank said Thursday.
The merchandise trade surplus declined to $25.25...
2008-01-10 15:44
DJ Phila Fed Revisions Show Better Business Conditions In Dec
DJ Phila Fed Revisions Show Better Business Conditions In Dec
By Deborah Lynn Blumberg
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Manufacturing in the Philadelphia region contracted in December, but by much less than originally reported, the Federal Reserve Bank of Philadelphia said Thursday.
Annual revisions to...
2008-01-10 15:40
DJ Mexico's Peso Opens 10.9590/Dlr Vs 10.9580 Wednesday Close
DJ Mexico's Peso Opens 10.9590/Dlr Vs 10.9580 Wednesday Close
By Paul Kiernan
Of DOW JONES NEWSWIRES
MEXICO CITY (Dow Jones)--Mexico's peso strengthened against the dollar early Thursday as local stocks shook off opening weakness and moved higher.
Around 10:30 a.m. EST, the peso was...