European Shares To Open Higher Despite Slumping Dollar

Will Europe or China Impact Treasuries More in 2018?

As for the eurozone, the minutes stated that the economy was displaying "continued robust and increasingly self-sustaining economic expansion".

The coalition news sent the euro surging above $1.21 against the dollar for the first time since January 2015.

The ECB has pledged to continue its bond purchase program at least until September, and investors expect any rate hike to take place only next year.

Germany's DAX 30 index declined 0.6% to end at 13,202.90, and France's CAC 40 turned lower, finishing down by 0.3% at 5,488.55. Also on deck Friday will be USA inflation data, which would drive the euro-dollar pair further.

The minutes from the ECB's December meeting said the central bank should revisit its communication stance in early 2018 and gradually adjust its language to reflect improved growth prospects.

The euro surged above $1.21 to a three-year high today on bets the European Central Bank is getting ready to wind down its huge monetary stimulus.

The trade-weighted index advanced to 75.17 from 74.78 on Thursday, rising to its highest level since mid-October. On Thursday, the benchmark fell 0.3% (http://www.marketwatch.com/story/european-stocks-head-for-2nd-day-of-losses-with-retail-shares-in-the-red-2018-01-11), a second straight loss.

The kiwi gained to 4.7080 Chinese yuan from 4.6838 yuan on Thursday after the Chinese government quashed speculation it was considering cutting its purchases of US Treasuries.

Trump defends immigration stance in tweet
Trump's meek denial came during a series of tweets blasting an immigration deal reached by six bipartisan senators on Thursday . The White House strenuously denied it, and the fact that the story landed on December 23 helped it escape scandal proportions.

Italy's 10-year government bond yield was down 8 basis points at 1.98 percent and the spread over the German equivalent was at its tightest since mid-December at 146 basis points at one stage.

Now, the minutes tell us that they may change this guidance soon.

The dollar slipped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus programme. Japan's Nikkei dipped 0.1%.

While the message has been vague and QE tapering by no means assured, traders have nonetheless bought up the Euro on this news, leading to a rally for the EUR/USD exchange rate among others.

Gold contracts for February in the U.S. increased by 0.2 percent to stand at $1,322.50 an ounce.

Brent crude futures were little changed for day at $69.28 a barrel after hitting $70.05 a barrel during the previous session, its highest level since November 2014. The shared currency bought $1.2034 late Thursday in NY.

The surveys found that banks tightened their lending criteria again in the final three months of 2017, meaning the supply of unsecured credit available to households fell in each quarter a year ago.

Related News:

  • Things Get Bloody in Handmaid's Tale Season 2 Photos

    Things Get Bloody in Handmaid's Tale Season 2 Photos

    All eyes are on the harrowing Hulu series about a near-future dystopia where women have been stripped of all their rights. One thing that's clear is the journey for Offred is far from over.
    Kentucky Is First State Granted Approval For Medicaid Work Requirements

    Kentucky Is First State Granted Approval For Medicaid Work Requirements

    Children and non-disabled adults make up most of the enrollees, most spending is on the elderly and people with disabilities. Rick Scott, did not directly answer whether Scott would support work requirements or co-payments for the Medicaid program.
    KFC Canada Now Accepting Bitcoin As Payment

    KFC Canada Now Accepting Bitcoin As Payment

    With this publicity stunt, KFC now joins a fast-growing list of companies to hop on the cryptocurrency bandwagon. KFC considers other cryptocurrencies as well and mentions it on Twitter.
  • Trump cancels Britain trip, blames Obama for London embassy deal

    Trump cancels Britain trip, blames Obama for London embassy deal

    The "strong and deep" partnership between Britain and the USA "will endure" despite Mr Trump's cancellation, a spokesman added. In December, Ambassador Woody Johnson said he was looking forward to welcoming the president when he visited.
    Key winning points from Uhuru's meeting with SA's Jacob Zuma

    Key winning points from Uhuru's meeting with SA's Jacob Zuma

    He would also meet with the Johannesburg business community and the chief executive of Volkswagen South Africa, Thomas Schaefer, who set up an assembling plant in Kenya in 2016.
    Wal-Mart Stores, Inc. (NYSE:WMT) Shares Bought by Foster & Motley Inc

    Wal-Mart Stores, Inc. (NYSE:WMT) Shares Bought by Foster & Motley Inc

    WALTON ALICE L also sold $131.11M worth of Wal-Mart Stores, Inc. (NYSE: WMT ) on Friday, November 17 with "Underperform" rating. Adell Harriman Carpenter has invested 0.05% in Wal-Mart Stores, Inc. ( NYSE WMT ) traded up $0.85 on Friday, hitting $100.87.
  • NBC Sports Team Talks Super Bowl National Anthem Protests, NFL Attendance

    NBC Sports Team Talks Super Bowl National Anthem Protests, NFL Attendance

    Lovinger also indicated that advertisers have not appeared concerned with ratings, or the anthem protests. If your team isn't having the season you'd hoped they have, if the weather is bad...
    All the News and Trailers from January 11's Nintendo Direct Mini

    All the News and Trailers from January 11's Nintendo Direct Mini

    This one includes split Joycon play, but it also comes with a whole new character that seems to be an easy mode in and of himself. It takes advantage of the touch screen and joy-cons and will let the player use both the features to their advantage.
    Local immigrants travel to Washington to fight for Dreamers

    Local immigrants travel to Washington to fight for Dreamers

    The so-called Dreamers were protected from deportation under the policy enacted in 2012 during Barack Obama's presidency. Negotiations continue on Thursday on how to handle the Deferred Action for Childhood Arrivals, or DACA program .
  • Trump administration proposes new offshore drilling plan

    Trump administration proposes new offshore drilling plan

    Rick Scott, an ally of President Donald Trump who is considered a likely Senate candidate later this year. Henry McMaster has also requested that his state be withdrawn from the plan.

    Walt Disney Co (NYSE:DIS) Institutional Investor Positioning

    The investment managers in our partner's database now hold: 898.84 million shares, down from 920.44 million shares in 2017Q2. Ifc Inc Fl invested in 0.04% or 28,328 shares. 126,554 are owned by Manning And Napier Advsr Ltd Limited Liability Company.
    China Dec imports from North Korea down 81.6 pct y/y - China customs

    China Dec imports from North Korea down 81.6 pct y/y - China customs

    It will be hard to keep up double-digit trade growth this year given global uncertainties and a high comparison base, Huang said. Imports for the full year were 4.69 million tonnes, the lowest since 2013, customs said, after a weak first half.


Most liked

Trump's not making America great with racist 's--thole' countries complaint
Graham was at the Oval Office Thursday to present a bipartisan agreement to overhaul the nation's immigration system to Trump. Similar sentiments were expressed by African nations, with the African Union saying it was "frankly alarmed" by the comments.

Merck & Company, Inc. (MRK) Position Raised by Violich Capital Management Inc
Following the transaction, the executive vice president now owns 77,762 shares in the company, valued at $4,667,275.24. Sva Plumb Wealth Limited Liability Corp stated it has 0.66% in Merck & Co., Inc. (NYSE: MRK ) for 79,100 shares.

Dark Souls Remastered Runs At Upscaled 4K/60FPS On PS4 Pro and XB1X
The trailer that coupled the announcement was simple enough, showing only a slow zoom-in on an extinguished fire. Along with that, during Direct event, the game is also confirmed for Nintendo Switch .

Patriots WR Hogan cleared for playoff return
Tomlin's Steelers will play at home, along with Belichick's Patriots , but Payton has to take the Saints north to Minnesota's U.S. Defensively, the Patriots are yielding 18.5 points and 366.0 total yards (251.2 in passing and 114.8 in rushing) per game.

Officials report Iowa flu toll has risen to 14 since October
It is still too soon to say just how bad this flu season will be, but the CDC believes it could reach near epidemic levels. Nationally, flu is widespread in 46 states, including California, according to the latest reports to the U.S.

Mondelez International Inc (NASDAQ:MDLZ) Institutional Investor Sentiment Is 0.84
It fall, as 78 investors sold MDLZ shares while 422 reduced holdings. 81 funds opened positions while 339 raised stakes. It has underperformed by 11.01% the S&P500. (MDLZ) by 10.2% based on its latest 2017Q3 regulatory filing with the SEC.

Seal blasts Oprah over claims she didn't know about Harvey Weinstein allegations
The post had quickly gone viral, with people saying his comments were directed at Oprah . Funny I've never heard you mention my name". After accepting the prestigious Cecil B.

Thomas Davis Will Retire After 2018
During training camp, Davis signed a one-year extension through the 2018 season with the intention of it being his last. In 13 seasons, Davis has 1,017 career tackles, 28.0 sacks, 13 interceptions and 18 forced fumbles.

Black Panther "Warriors of Wakanda" Featurette
Why wouldn't it? It's the latest from Marvel Studios, a comic-book movie house that even figured out how to make Thor sequels entertaining.

C40 Successfully Launches Cartosat-2 Series Satellite
The space agency is also gearing up for launching its second unmanned mission to the moon, Chandrayaan 2, in March. In February 2017, ISRO set a world record for sending 104 satellites on a single rocket .

Trai cuts termination charges on ISD calls; Reliance Jio happy, others not
Theand proliferation of OTT (over-the-top) route for carrying global voice traffic has many non-cost factors, it added. In 2011 there was one outgoing call from India.

Federer faces Bedene first up in Australian Open
In the bottom half, Wozniacki will not be unduly anxious by the first week, although Ostapenko could lurk in the quarters. Interestingly, the French rising star has yet to make it past singles round one at Melbourne Park.

Trump Gives Painfully Transparent Excuse to Avoid London Trip
Supporters of Trump though said his refusal to visit London was a shame and reflected badly on the British public. But Mr Khan said the United States president's visit would have been met with "mass peaceful protests ".

Atlanta Falcons Final Thoughts and Game Predictions
Offensively, the Eagles are averaging 28.6 points and 365.8 total yards (233.6 in passing and 132.2 in rushing) per game. Philadelphia has never lost a divisional playoff game at home, and I think that trend will continue this weekend.

Most Inspiring, Confusing and Bizarre Moments at the Critics' Choice Awards
This was her second win at the annual awards show, after being named Best Actress in an action movie in 2016 for Suicide Squad . Janney played along for a bit, saying, "My mother is going to be very proud, because I learned everything from her".