UNITED STATES

Gold holds near record as haven buying supports

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Gold held within reach of record highs in Europe on Friday as buyers looked to it as a haven against persistent fears of sovereign risk in Europe and after lackluster U.S. data raised doubts over wider economic recovery.

Euro holds near 3-week highs

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The euro was pinned near three-week highs on Friday, on track for its second successive week of gains, while the dollar appeared vulnerable to further losses after falling below a key chart level. The dollar slipped after a slew of disappointing U.S. economic data, which helped push U.S. Treasury yields to their lowest in a week.
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Oil drops below $76 on signs of slowing growth

Oil prices fell more then $1 per barrel on Friday, retracing after sharp gains, on signs economic growth in the world's top two oil consumers may not be as rapid as expected. A Chinese central bank adviser said on Friday economic growth was expected to slow in the second half of this year and that double-digit growth for the full year seemed unlikely.
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Euro nudges 3-week highs, dollar vulnerable

The euro held at three-week highs on Friday, on track for its second successive week of gains, while the dollar appeared vulnerable to further losses after falling below a key chart level.
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Euro nudges 3-week highs, dollar on backfoot

The euro held at three-week highs on Friday, on track for its second straight week of gains, while the dollar appeared vulnerable to further losses after falling below a key chart level.
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Stock futures signal pause in rally

Stock index futures pointed to a pause in the rally on Wall Street on Friday, with futures for the S&P 500 down 0.15 percent, Dow Jones futures down 0.06 percent and Nasdaq 100 futures down 0.03 percent at 0705 GMT.
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Gold to stay high on Europe worries

Gold prices remained near record high in Asian trade Friday as investors continued to trust the precious yellow metal amid Europe's financial crisis. Gold for immediate delivery was seen trading at $1244.84 an ounce at 11.30 a.m Singapore time after hitting as high as $1248.35 in early trade.
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BP survives Washington week as investors weigh finances

BP Plc bosses weathered a week of anger in Washington but the energy giant's financial outlook faces renewed scrutiny from investors trying to gauge remaining costs and risks from the biggest oil spill in U.S. history.
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Lawmakers lambast BP boss on spill, one apologizes

Lawmakers accused BP Plc Chief Executive Tony Hayward of evasion and ducking responsibility for the worst oil spill in U.S. history at a hearing on Thursday that was rocked by a Republican member of the panel apologizing to the company.
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Australian Dollar Outlook 18/6/2010

The Australian dollar has rallied more than half a US cent overnight on the back of gains in equity markets in Europe and the US. The AUD rallied to a high of USD0.8684, driven by stronger equity markets and investor confidence.
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Daily forex forecast 18/6/2010

The Australian Dollar spent the majority of local trade yesterday above the 0.8600 cents mark as risk appetite returned to the market with high yielders the main benefactor.
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Lawmakers accuse BP chief of evasion over oil spill

Lawmakers accused BP Chief Executive Tony Hayward of evasion and ducking responsibility for the worst oil spill in U.S. history when he appeared before them on Thursday to answer charges his company cut corners on its blown-out Gulf of Mexico well.
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Jobless claims and price data back low rates policy

New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.
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Kroger posts profit beat amid Wal-Mart push

Kroger Co posted higher-than-expected quarterly earnings on Thursday, suggesting it was holding its own amid heated competition from Wal-Mart Stores Inc and other grocery stores.
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Regulators move forward with broadband rules

U.S. communications authorities on Thursday took a small but significant step toward regulating high-speed Internet in a bid to reclaim oversight, setting the stage for an eventual legal showdown with industry heavyweights.

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