The euro weakened to an 11-year low and
Portuguese bonds climbed as investors awaited details of the
European Central Bank’s bond-buying program. Stocks in the
region rose and oil gained for a third day in New York.
The 19-nation euro fell 0.3 percent to $1.1051 by 6:20 a.m.
in New York and reached the weakest level since September 2003.
Portugal’s 10-year yield declined five basis points to 1.84
percent.
The Stoxx Europe 600 index added 0.4 percent while Standard & Poor’s 500 Index futures were little changed.
A gauge of Chinese shares in Hong Kong slid to a one-month low as Asia’s biggest economy cut its 2015 growth target to about 7 percent. Crude rose 1.3 percent to $52.19 a barrel in New York.
Investors are looking for ECB chief Mario Draghi to provide more information on a 1.1 trillion-euro ($1.2 trillion) quantitative-easing plan, being deployed alongside negative deposit rates to fight deflation.
Unprecedented stimulus is
helping drive borrowing costs to record lows, luring companies
from Coca-Cola Co. to Warren Buffett’s Berkshire Hathaway Inc.
to tap Europe’s financial markets.
While China confirmed its weakest growth target in more than 15 years, data on U.S. jobless claims and factory orders will probably signal America’s economy is strengthening.
The euro fell versus 14 of its 16 major counterparts, slipping 0.1 percent to 132.75 yen. New Zealand’s dollar was the biggest loser on speculation the Reserve Bank will cut interest rates.
The pound was little changed before the Bank of England gives its decision on interest rates.
The Bloomberg Dollar Spot Index added 0.2 percent, rising to its strongest level since the series began at the end of 2004.
U.S. data releases scheduled for today are likely to be published with slight delays after federal government agencies in Washington were closed due to bad weather.
German 10-year bunds were little changed with the yield at 0.39 percent. Spain sold three-year notes at a record-low yield onf 0.18 percent.
Aviva Plc climbed 5.6 percent after increasing its shareholder payout for 2014 as it reported higher profit. Friends Life Group Ltd., in the midst of being bought by the insurer, advanced 5.2 percent. It also said annual earnings rose.
The Stoxx Europe 600 index added 0.4 percent while Standard & Poor’s 500 Index futures were little changed.
A gauge of Chinese shares in Hong Kong slid to a one-month low as Asia’s biggest economy cut its 2015 growth target to about 7 percent. Crude rose 1.3 percent to $52.19 a barrel in New York.
Investors are looking for ECB chief Mario Draghi to provide more information on a 1.1 trillion-euro ($1.2 trillion) quantitative-easing plan, being deployed alongside negative deposit rates to fight deflation.
While China confirmed its weakest growth target in more than 15 years, data on U.S. jobless claims and factory orders will probably signal America’s economy is strengthening.
The euro fell versus 14 of its 16 major counterparts, slipping 0.1 percent to 132.75 yen. New Zealand’s dollar was the biggest loser on speculation the Reserve Bank will cut interest rates.
The pound was little changed before the Bank of England gives its decision on interest rates.
The Bloomberg Dollar Spot Index added 0.2 percent, rising to its strongest level since the series began at the end of 2004.
U.S. data releases scheduled for today are likely to be published with slight delays after federal government agencies in Washington were closed due to bad weather.
German 10-year bunds were little changed with the yield at 0.39 percent. Spain sold three-year notes at a record-low yield onf 0.18 percent.
Aviva Plc climbed 5.6 percent after increasing its shareholder payout for 2014 as it reported higher profit. Friends Life Group Ltd., in the midst of being bought by the insurer, advanced 5.2 percent. It also said annual earnings rose.
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