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Shares and Markets - January 19, 2011 16:55
Dollar flounders despite strong Apple, IBM earnings
Despite strong quarterly earnings reports from tech giants Apple and IBM, the dollar remains weak across the board.
Oil prices push to two-year high
Oil prices closed at their highest level since October 28th after a settle price of $91.86 on Wednesday. The current (January 13) price is $91.79 on the New York NYMEX for one barrel of light sweet crude futures scheduled for February delivery.
Dollar surges on strong jobs report
The dollar is up across the board Wednesday morning following a tremendously positive and surprising report on private sector jobs in the United States.
Gold prices settle above $1,400
Gold prices have settled above the $1,400 mark and are making a third run at maintaining this level to close out 2010.
Oil prices at two-year high
Oil prices are pushing higher after reaching the highest mark in two years this week. A barrel of light sweet crude settled at $91.51, up $1.03, on the New York NYMEX Futures board Wednesday (December 23).
Euro, pound down as US economy improves
According to a recent survey by CNN Money, top economists are projecting a 3.1 per cent gross domestic product (GDP) for the United States economy during the final quarter of 2010, after a 2.6 per cent third quarter increase.
Euro falls after debt deal
The euro has been hit hard overnight and in early Friday morning New York currency trade following news that the European Union members reached a deal to help prevent future debt problems in the region.
Risk appetite keeps gold prices in check
US equities remain near 2010 highs as the Dow flirts with the 11,500 level. Renewed appetite for riskier investments has kept gold prices under wraps in recent weeks.
Mortgage rates rise toward 5 per cent
National average mortgage rates are on the rise in the United States as jobless claims are improving and the economy appears to be improving. The national average 30-year fixed rate Thursday (December 9) morning is 4.91 per cent according to Bankrate.com, compared with an average mortgage rate of 4.66 per cent on Thursday last week.
Gold prices reach new high as dollar weakens
Gold prices continue to move to new all time highs with a lower dollar this week. One ounce of gold approached $1,431 in early New York NYMEX trade Tuesday (December 7) morning and currently nets $1,429.40.
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