Articles By Christine Gaylican
Blue chips rose to within 1% of all-time highs, as reports of corporate dealmaking and an upbeat reading on German investor sentiment emboldened stock-market bulls. The Dow Jones Industrial Average added 46 points, or 0.3%, to 14027 in mid-afternoon Tuesday trading as investors returned from the three-day Presidents Day holiday weekend.
With U.S. markets closed for a holiday on Monday, European stock markets ended low but Asia-Pacific markets hit higher notes led by Japan now avoiding criticism on a weakening yen.
Bell FX Currency Outlook: The Australian Dollar has opened little changed this morning in relatively quiet markets.
Bell FX Currency Outlook: The Australian Dollar has opened below 1.0300 this morning as markets on Friday night had a generally quiet session.
Stocks edged mostly lower as declines in Wal-Mart Stores and the energy sector offset firm readings on consumer confidence and New York manufacturing.
Blue chips remained in the red mid-day, but gains in energy and consumer-staples sectors helped pull the Standard & Poor's 500-stock index to the flat line in a deal-heavy day.
Bell FX Currency Outlook: The Australian Dollar has opened slightly higher, following a night in which the key news was the release of worse than expected Euro Zone GDP data, confirming the ongoing recession.
Bell FX Currency Outlook: Australian Dollar bounces to two week high.
Blue chips approached five-year highs Tuesday amid upbeat earnings reports and a rally in financial shares. The Dow Jones Industrial Average added 62 points, or 0.5%, to 14034 in mid-afternoon trading, putting the benchmark on pace for its highest close since October 2007.
Bell FX Currency Outlook: The Australian Dollar has appreciated against the Greenback overnight amid confusion over the G7's stance on the JPY's recent decline.