* Euro hit overnight after strong U.S. data, Fed * Fed minutes cautious on QE3 taper, but U.S. yields rise * No policy moves expected from ECB meeting, rhetoric eyed * Bullish sterling just off one-year high vs euro The euro recovered some ground ahead of a European Central Bank […]
Tag: US
Asian shares tumble to three-week low on China services PMI
Asian shares fell to a three-week low on Monday after growth in China’s services sector slowed sharply last month, raising concerns about the pace of recovery in the world’s second-largest economy, while safe-haven gold climbed. The dollar hovered near a four-week high, supported by an upbeat outlook for the U.S. […]
Fiat shares jump on Chrysler merger deal
Fiat’s $4.35 billion deal to gain full control of Chrysler Group LLC sent its shares to a near 2-1/2-year high on Thursday, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe. Investors welcomed the deal struck by Chief Executive Sergio Marchionne, under which […]
