AP – Asian stock markets rose Monday as investors cheered a new European fiscal pact aimed at fixing the region’s debt crisis and preventing a collapse of the euro currency.
AP – Asian stocks sank Tuesday after Standard and Poor’s warned 15 countries using the euro that it could downgrade their credit ratings. Skepticism over a new plan to prevent a breakup of the common currency also dragged markets lower.
AP – The prospect of new governments in Greece and Italy helped support market sentiment Friday, at the end of a hugely-volatile week when investors fretted over the future of the euro currency and the outlook for the global economy.
AP – Global stocks gave up some of their recent gains Monday amid concerns over Italy’s ability to get a handle on its colossal debt pile, while the yen slid in the wake of another attempt by the Japanese monetary authorities to weaken the currency.
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AP – Investors responded coolly Friday to the first yuan-denominated initial public offering outside of mainland China that is seen as a major step in Beijing’s efforts to broaden the use of its currency.
AP – A resilient performance by Japanese shares helped stocks in Europe and the U.S. Thursday, while the yen pulled back from a record high against the dollar amid expectations that finance chiefs from the world’s industrialized nations will discuss how to ease the currency’s rise.
The dollar advanced against the currencies of six major U.S. trading partners as a government report showed employers eliminated fewer jobs in July than economists forecast.
The yen dropped against all of its major counterparts as the payroll report indicated a recovery in the world’s largest economy, encouraging Japanese investors to buy higher-yielding assets overseas.
The dollar climbed 0.4 percent to $1.4283 per euro at 9:45 a.m. in New York, from $1.4345 yesterday. The U.S. currency gained 1.4 percent to 96.78 yen from 95.46. The euro advanced 1.3 percent to 138.25 yen from 136.94.
Futures on the Chicago Board of Trade indicated a 74 percent chance that the Fed will increase the target lending rate from its range of zero to 0.25 percent by its January meeting, compared with 66 percent odds a month ago.