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Stock futures climb on eBay, Qualcomm earnings

Stock index futures rose on Thursday, pointing to a rebound from Wednesday's sell-off after eBay posted solid earnings and Qualcomm boosted its outlook.

Dollar hit as European data boosts risk taking

The U.S. dollar fell broadly on Thursday as better-than-forecast European economic data boosted equities and spurred appetite for risk, with a drop in U.S. lending rates putting additional pressure on the currency.

Gold rally to extend into 2011, macro fear persists

Gold prices are set to mark an eleventh year of gains in 2011 as investors seek refuge from an uncertain global economic outlook, with analysts revising up expectations sharply in a Reuters survey released on Wednesday.

Dollar falls versus yen on Bernanke

The dollar fell close to a seven-month low against the yen on Thursday on downbeat comments from Federal Reserve Chairman Ben Bernanke, while better-than- forecast euro zone data buoyed the euro. Bernanke said the U.S. economic outlook was unusually uncertain and that the Fed was ready to ease monetary policy further if necessary, sending the two-year U.S. Treasury yield to a record low and diminishing the allure of the dollar versus the yen.

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China labour disputes, rising yuan

A increase in labour disputes between management and workers in China, mostly at foreign-owned factories in the southeast, has raised questions about the country's future as a low-cost manufacturing centre.

Stock futures signal rebound

Stock index futures pointed to a higher open on Wall Street on Thursday following the previous session's steep losses, with futures for the S&P 500 up 0.31 percent, Dow Jones futures up 0.32 percent and Nasdaq 100 futures up 0.58 percent at 0810 GMT (4:10 a.m. EDT).

Dollar down after Bernanke as world stocks stabilize

The dollar fell toward a seven-month low against the yen but world stocks recovered earlier losses on Thursday after Federal Reserve chairman Ben Bernanke painted a gloomy outlook for the U.S. economy.

Asian stocks slip as uncertainty grows

The yen neared a 7-1/2-month high and Asian stocks slid on Thursday after comments by the head of the Federal Reserve added to concerns about the U.S. economy, causing investors to dump riskier assets ahead of European bank stress test results.

Oil slips to midpoint of recent range on economy worries

Oil slid for a second day on Thursday, a day after Fed chief Ben Bernanke rekindled unease across financial markets over the pace of economic recovery, while rising U.S. inventories also kept prices in check.

Motorola sues Huawei for trade secret theft

U.S. mobile phone maker Motorola Inc has sued China's Huawei Technologies Co for alleged theft of trade secrets, highlighting the fast-growing Chinese firm's difficulty in shaking the nation's reputation for piracy.

Japan warns it wants to avoid excessive yen rises

Japan warned on Thursday it wants to avoid excessive rises in the yen, as the currency hovers near a seven-month high against the dollar on worries about the U.S. economic outlook. We have been saying that we want to avoid excessive rises in the yen, Deputy Finance Minister Motohisa Ikeda told reporters, when asked about the yen's recent strengthening.

Obama budget review may trim 2010 deficit forecast

The Obama administration may report somewhat better fiscal news when it delivers its mid-session budget review later this week, but the United States still faces a massive deficit and rising debt. Higher corporate taxes and Wall Street's quick repayment of a taxpayer bailout could see the projected 2010 U.S. budget deficit fall a bit when the review is released on Friday.

Oil slips to midpoint of recent trade range on econ concerns

Oil slid for a second day on Thursday, a day after Fed Chairman Ben Bernanke rekindled unease across financial markets about the pace of economic recovery, while rising U.S. inventories also kept prices in check.

Yen climbs, Asian stocks slip as uncertainty grows

Dollar falls vs yen as risk cut after Bernanke

The dollar slid towards a recent seven-month low versus the yen on Thursday after Federal Reserve Chairman Ben Bernanke expressed concern about the U.S. economy but steered clear of hinting about further easing as some had hoped. The euro, which lost sharply after his comments sparked outflows from stocks and other risk assets, held steady at lower levels ahead of Europe's bank stress test results on Friday.

Gold slips on equities

Gold slipped more than half a percent on Thursday and could revisit its weakest level in two months as investors sold bullion to cover equities losses ahead of Europe's bank stress test results this week. Gold has fallen more than 6 percent since hitting a lifetime high around $1,264 an ounce in late June on worries the debt crisis in Europe would spread.

Dollar loses vs yen as risk cut after Bernanke

Falling stocks keep gold lower in Asia

Gold prices dropped further in Asian trade Thursday along with stocks as markets await outcome of Europe's bank stress test. Gold for immediate delivery was seen trading at $1185.71 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,185.3 an ounce.

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