General Finance

The world's leading economy saw its shares closing in green today as cheerfulness was spread across the stocks markets after that the third quarter financial results posted at Boeing Co. and Yahoo! Inc came out cheerful and higher-than-estimated, indicating clearly that the recovery did not strongly affect the performance of huge corporations of the country while it is speculated that the Federal Reserve will inject more money into the economy.   Indices performance came as follows:   The Dow Jones Industrial Average index gained 129.35 points or 1.18% to close at 11107.97 levels, the index reached the highest point at 11152.88 and the lowest point at 10970.89, By closing 27 shares inclined while 3 shares declined. The index added and slashed points based on the performance of the upcoming stocks; the stocks adding the most points to the index were Boeing Co stock as it inclined $2.31 or 3.35% to add 17.48 points and close at $71.36, then came Caterpillar Inc share as it inclined...

The world's leading economy saw its shares opening in green ahead of the Fed's Beige Book; a survey on Current Economic Conditions, although worries remain spread regarding the present stagnated recovery of the country having the Bank of America Corp was the most active U.S. stock while other actively traded shares include Citigroup Inc; Amylin Pharmaceuticals Inc; Alkermes Inc; and Wells Fargo & Co. The U.S. Dollar index, which measures the green Benjamin's performance versus six major currencies, declined to currently trade at 81.20 recording a high of 78.35 and a low 77.37, while gold is inclining faintly on the daily base to trade around $1335.76 an ounce and the black gold for instance plunged slightly to trade around $80.61 a barrel. The best performing sectors within the Dow were the Basic Materials next to Telecommunications and Consumer Services shares, The S&P 500's best performing sectors were the Basic Materials, Telecommunications and Utilities shares, the NASDAQ Composite index best performing sectors were...

Major anticipation for the Federal Reserve quantitative easing measures forced the single currency to decline against majors in today’s trading as indicated by the US dollar index that tracks the performance of the dollar against a basket of currencies. The US dollar index dropped on the daily scale to 77.72, compared with the opening levels of 78.07, where it managed to reach the highest at 78.36 and the lowest at 77.59. The Fed will release its Beige Book later on today, which may show the extent of easing conditions and the course of recovery that floundered over the past period. Policy makers in Britain and the constant debates among them over the past few months drove the pound lower against most majors except the dollar. The pound fell as investors await the BOE’s next move on whether to provide markets with further stimuli or simply preserving the current monetary stand the bank is on. The pound-dollar pair rose to trade at 1.5745, compared with the...

Asian stocks witnessed mixed performances as technology shares witnessed fluctuations following Apple’s disappointing third quarter results. On the other hand, Australia's central bank announced today the minutes of their meeting in which they held rates unchanged, which appears to be appropriate for the current economic conditions, giving support to the Australian shares. The MSCI Asia Pacific Index fell today by 0.2% to 130.11 at 13:40 in Tokyo, while the yen fell against the dollar, giving support to the Japanese exporting companies’ shares. Nikkei 225 Nikkei 225 rose today by 0.43% or 40.96 points closing at 9593.45. From 225 shares, 154 advanced, 57 declined and 14 unchanged. Sectors leading the incline were the industrials that gained 12.32 points, consumer goods that gained 11.24 points and health care that gained 8.00 points. Among the shares that advanced Fanuc Ltd topped the list by rising 1.78% closing at 11420 yen, followed by KDDI Corp which rose by 3.13% and closing at 411500 yen. And Terumo Corp which...

SINGAPORE (Reuters) - Asian stocks rose on Thursday on growing expectations of more stimulus from the U.S. Federal Reserve, although gains were modest as investors took a cautious stance ahead of critical economic data from China. * The dollar jumped half a yen and climbed rapidly against the euro after U.S. Treasury Secretary Tim Geithner said there was no need for the dollar to sink further against the euro and the yen. * Japan's Nikkei share average <.N225> was up 0.7 percent in early trade with resource-linked shares higher on a rally in commodity prices. The dollar's jump also helped extend gains. * The MSCI index of Asia Pacific stocks outside Japan <.MIAPJ0000PUS> was up 0.2 percent, reversing Tuesday's falls after China's first rate rise in nearly three years that had investors fretting it may embark on a policy tightening cycle. * Oil swayed from gains to losses, trading in a range of $82 to $83, as the dollar strengthened. * Gold ticked up after...

-- Krishna Kumar is a Reuters FX analyst. The views expressed are his own -- By Krishna Kumar SYDNEY, Oct 24 (Reuters) - The G20 meeting of finance chiefs was definitely what the doctor ordered to relieve concerns that the so-called currency war was spiralling out of control. All the participants have left with a sense of satisfaction, perhaps surprising even the most hardened sceptics. Risky assets should benefit, and look to play gains in Asian currencies against the dollar at first and then the euro later on. The meeting has conjured up some concrete measures: reforms in the IMF, stronger language emphasising "market determined" exchange rates and vows against competitive devaluations all while laying the groundwork for more concrete targets on current account balances at the final G20 summit. The breakthrough on the vexed question of power sharing in the IMF is very significant. The developing nations will definitely realise that enhanced power goes hand in hand with added responsibility, resulting in them sharing in...

SYDNEY (Reuters) - Rio Tinto chief executive Tom Albanese said ongoing tensions with Canadian partner Ivanhoe Mines would not hold back the Oyu Tolgoi copper and gold project in Mongolia which he said could be brought on stream early. Albanese said in a television interview broadcast on Sunday he hoped to see first production from the mine in 2013, and said both Rio Tinto and Ivanhoe Mines were committed to its rapid development despite their disagreements. "It's very important for Rio Tinto. It's very important for Ivanhoe. It's also very important for Mongolia. It's a first class mine being built on time," Albanese told the Australian Broadcasting Corporation (ABC) programme Inside Business. "I'd like to actually see it get sped up if we can, first production by 2013. It is on track as we speak." Last week Ivanhoe Mines said it would launch a rights offering worth up to $1 billion to raise funds for the project, which finally got the go-ahead from the...

Oct 24 (Reuters) - The Group of 20 major economies vowed to avoid competitive currency devaluations and shifted more power to emerging economies at the IMF, taking steps that analysts viewed as important for averting trade wars and promoting flexible exchange rates. Following is a summary of reserves reports issued by analysts about the G20 communique and outcomes following the gathering of finance ministers and central bankers.  --------------------------------------------------------- THOMAS STOLPER, CHIEF CURRENCY STRATEGIST, GOLDMAN SACHS, LONDON "The outcome of the G20 meeting clearly shows progress in the global rebalancing policy debate. In particular the FX relevant sections have become a lot more prominent and all the key issues have found some mention, including current account positions, protectionism, capital controls and exchange rate flexibility. "At the same time, this is not a Plaza-style statement that signals a broad agreement on the role currencies have to play in the global rebalancing. Just taking the first sentence of the FX bullet, the language is not tight enough to...

 GYEONGJU, South Korea (Reuters) - Treasury Secretary Timothy Geithner suggested that he sees no reason for the dollar to sink further against the euro and the yen, saying these major currencies are "roughly in alignment," the Wall Street Journal reported on Thursday. In an interview with the newspaper, Geithner also emphasized that the United States was not pursuing a deliberate policy of devaluing the dollar. This echoed comments he made on Monday in Palo Alto, California, saying "No country around the world can devalue its way to prosperity." In the Journal interview, he referred to three groups of currencies. In one, he put countries with currencies "undervalued by any measure" and in the second he put emerging economies with flexible exchange rates that intervene or impose taxes to try to reduce risks. "In the third group, he put "the major currencies, which are roughly in alignment now," a suggestion that he sees no need for the dollar to sink more than it already has...

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