Copper fluctuates on U.S., China easing prospects

Forexpros – Copper futures swung between modest gains and losses during European morning hours on Wednesday, after Federal Reserve Chairman Ben Bernanke refrained from indicating if the U.S. central bank is considering near-term monetary stimulus measures. Prices were supported amid growing expectations policy makers in China will increase efforts to boost growth in the world’s …

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Forex – GBP/USD lower after BoE minutes, jobs data supports

Forexpros – The pound slid to a session low against the U.S. dollar on Wednesday, following the release of the minutes of the Bank of England’s July meeting but sterling found support from data showing that the U.K. unemployment rate fell in June. GBP/USD hit 1.5609 during European morning trade, the session low; the pair …

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Stock futures flat ahead of factory data

FRANKFURT (MarketWatch) — U.S. stock index futures traded near unchanged Tuesday, a day ahead of the Independence Day holiday, with investors sticking to the sidelines as they await data on factory orders. Futures on the Dow Jones Industrial Average DJU2 -0.04% fell 3 points, or less than 0.1%, to 12,773. S&P 500 futures SPU2 +0.04% were unchanged at 1,357.60, while Nasdaq …

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ECB, Bank of England seen easing next week

European Central Bank is expected to cut interest rates NEW YORK (MarketWatch) — Risky assets, including stocks and the euro, rallied Friday after the European Union managed to agree on more policy steps to address the credit crisis than markets had anticipated. Traders expect the European Central Bank to also chip in by cutting rates …

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