LOS ANGELES (MarketWatch) — Australia stocks followed their U.S. peers uphill Thursday, after the Federal Reserve announced the start of its reduction in stimulus. The S&P/ASX 200 added 1% to 5,148.50, with the Fed decision and its comments citing strength in the U.S. economy helping shares of financials and firms with strong global exposure. Among the banks, brokers and life insurers, National Australia Bank Ltd. traded 1.2% higher, Westpac Banking Corp. rose 1.3%, Macquarie Group Ltd. gained 2.1%, QBE Insurance Group Ltd. improved by 1.8%, and Suncorp Group Ltd. advanced 2.2%. The export-focused mining sector also outperformed, with BHP Billiton Ltd. up 2.1%, Fortescue Metals Group Ltd. ahead by 2.3%, and Oz Minerals Ltd. 1.5% higher. Gold miners were mostly lower, however, as gold futures retreated in electronic trade. Newcrest Mining Ltd. fell 1.1%, and Kingsgate Consolidated Ltd. was 1.5% lower.read more...
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Among the high-profile names attracting attention from options traders lately are semiconductor concern Advanced Micro Devices, Inc…(Read More)
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Strong November U.S. housing starts, meanwhile, failed to ignite a reaction in the forex market, but they did add to growing evidence that the world's largest economy is on a steady path to recovery. Housing starts surged to their highest in nearly six …
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Abu Dhabi forex broker seeks partner in China
South China Morning Post
ADS Securities, the biggest foreign-exchange broker in the Middle East, is looking for a partner in China so that it can gain access to the new energy-trading platform in the Shanghai Free Trade Zone, as part of its efforts to expand in Asia. The Abu …
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US Dollar / Yen
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