Euro Debt Rating worry about France. The euro turned lower versus the U.S. dollar as market participants adjust positions ahead of the meeting of the European Cental Bank Thursday tomorrow. Each signal rate cuts in the future of the ECB policy makers will potentially push euro lower. The euro was also weighed down by rumors that French debt if the rating will be lowered in the near future. However, the movement of the euro may still be limited ahead of ECB meeting and Spanish and Italian bond auctions later this week.
Moving Oil Flat Ahead of U.S. oil stocks data
Oil ended almost flat as traders refrained ahead of weekly data on domestic oil stocks. Last week data showed a decrease in the stock of 11.1 million barrels of oil, and analysts expect that the decline in year-end inventory occurs to minimize taxes. However, traders worried the oil stocks rebounded sharply on Wednesday on the release of data that can be playing the market, especially with crude oil approaching four-month highs. "Because a large drop in the past week, causing confusion," said Matt Smith at Summit Energy .
U.S. Stocks Decline Before Earnings Data Releases
U.S. stocks ended lower for a second session on Tuesday, dragged by telecom stocks, as investors are still waiting for data that fourth-quarter earnings is expected to weaken. Most sectors of the S & P ended in negative territory, dragged by shares of telecom experience a major decline, while shares of the health sector also lost profits. "We'll get some improvement on perceptions of growth, we just need a bit of confidence," said Bob Doll, chief equity at Nuveen Asset Management.
CBO: U.S. Budget Deficit In December For $ 1 billion
Congressional Budget Office on Tuesday, the U.S. government estimates a deficit of $ 1 billion in December, bringing the total deficiency for the first quarter of fiscal year 2013 approximately $ 293 billion. December deficit of $ 85 billion, less than the same month in 2011. Revenue in the month of December 2012 approximately $ 30 billion, is more than in 2011, and to lower spending $ 55 billion. Treasury Department will report the amount of the monthly budget is officially on Friday. U.S. fiscal year runs from October to September.
Moving Oil Flat Ahead of U.S. oil stocks data
Oil ended almost flat as traders refrained ahead of weekly data on domestic oil stocks. Last week data showed a decrease in the stock of 11.1 million barrels of oil, and analysts expect that the decline in year-end inventory occurs to minimize taxes. However, traders worried the oil stocks rebounded sharply on Wednesday on the release of data that can be playing the market, especially with crude oil approaching four-month highs. "Because a large drop in the past week, causing confusion," said Matt Smith at Summit Energy .
U.S. Stocks Decline Before Earnings Data Releases
U.S. stocks ended lower for a second session on Tuesday, dragged by telecom stocks, as investors are still waiting for data that fourth-quarter earnings is expected to weaken. Most sectors of the S & P ended in negative territory, dragged by shares of telecom experience a major decline, while shares of the health sector also lost profits. "We'll get some improvement on perceptions of growth, we just need a bit of confidence," said Bob Doll, chief equity at Nuveen Asset Management.
CBO: U.S. Budget Deficit In December For $ 1 billion
Congressional Budget Office on Tuesday, the U.S. government estimates a deficit of $ 1 billion in December, bringing the total deficiency for the first quarter of fiscal year 2013 approximately $ 293 billion. December deficit of $ 85 billion, less than the same month in 2011. Revenue in the month of December 2012 approximately $ 30 billion, is more than in 2011, and to lower spending $ 55 billion. Treasury Department will report the amount of the monthly budget is officially on Friday. U.S. fiscal year runs from October to September.
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