U.S. Dollar rises on fiscal cliff talks and BoJ stimulus speculation

Source: Bloomberg
© Scanpix/RS
The U.S. currency appreciated against its major counterparts on Monday as the President Barack Obama and lawmakers launched another round of negotiations to avoid $600 billion tax hikes and spending cuts and as the Bank of Japan came closer to starting its stimulus program in January. The U.S. Dollar rose 0.2% to $1.3191 per Euro and it added 0.2 % to 86.17 per Yen after touching its strongest level since August 2010, at 86.64 Yen.
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Mon, 31 Dec 2012 17:12:47 GMT

U.K. stocks slip on U.S. budget talks

Stocks in U.K. fell for the second time in a row on Monday as concerns about not reaching a deal in fiscal cliff talks between U.S. lawmakers and the White House overshadowed acceleration in Chinese manufacturing and improvement of British business sentiment index. The FTSE 100 Index dropped 0.5% to 5,897.81, while the broader FTSE All-Share Index also added 0.4%.

Mon, 31 Dec 2012 16:46:48 GMT

Wall street rose on Monday as fiscal cliff talks continue

U.S. stock futures went up on Monday snapping a five-straight-day losing streak, as talks to avert the $600 billion tax increases and spending cuts between the White House and legislators continued in Washington. The benchmark S&P 500 index futures added 3 points on Monday after recording a fall of 1.9% last week, while Dow Jones Industrial average futures rose 25

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