MARKETS: US dollar jumps to highest value against other currency in a year in key index Marketwatch reports as European stocks higher in midday trading; Stoxx Europe 600 index up 0.2% – WSJ – @AceFinanceNews

#AceFinanceNews – Nov.14: A key dollar gauge leapt to its highest in nearly a year Monday, as investors priced in policy shifts expected to be undertaken during Donald Trump’s presidency in the U.S.

US markets (open): DJIA 18876.77 (+29.11), S&P 500 2165.64 (+1.19), NASDAQ 5246.33 (+9.22), NYSE 10652.24

The U.S. Dollar Index DXY, +0.52% , which tracks the greenback’s performance against six other currencies, hit an intraday high of 100.51. That was its strongest level since late November 2015, FactSet data showed. Later, the gauge moved to 99.81, up 0.6% from late Friday in New York.

The index was on its way toward a sixth-straight gain, and that would mark its longest win streak since a six-session run early May.

The “U.S. dollar is looking like a freight train rolling over anything that gets in its way,” as “the world continues to obsess over Donald Trump’s victory and his high-profile appointments to key positions in the White House,” said Nawaz Ali, currency strategist at Western Union Business, in a note.

Traders are moving quickly to price in prospects of higher U.S. government spending, higher inflation prospects, and consequently higher U.S. interest rates to compensate for this major shift in sentiment,” he said.

European Stocks, U.S. Dollar Rise as Post-Election Rally Continues
// WSJ
BN-QU202_panmkt_G_20161114032740.jpg

European markets and the U.S. dollar ticked up again Monday, adding to the rally that followed last week’s U.S. election, as the selloff in bond markets continued.

The Stoxx Europe 600 index was up 0.2% shortly before noon in London.

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#AFNews – CANADA: Vancouver Island First Nation accepts $50M land settlement from federal government – BC – @AceFinanceNews

#AceFinanceNews – Nov.14: Vancouver Island First Nation accepts $50M land settlement from federal government // : BC

Members of a First Nation on Vancouver Island have ratified a nearly $50-million settlement with the federal government, compensating the community for a piece of land in downtown Nanaimo.

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MARKETS: As Trump has pledged to bring the coal industry back from the brink and save coal miners’ j obs, after years of decline shares soared on Wednesday trading just after his triumphant win – @AceFinanceNe ws

#AceFinanceNews – Nov.14: Coal stocks soar after Trump win
// The Hill

Stock prices for coal mining companies soared in Wednesday morning trading after Donald Trump’s presidential election win.Trump has pledged to bring the coal industry back from the brink and save coal miners’ jobs, after years of decline due to…

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GWADAR: Pakistan’s Prime Minister Nawaz Sharif Sunday inaugurated a trade route linking southwestern Gwadar port to the Chinese city of Kashgar as part of a joint multi-billion-dollar project to jumpstart eco nomic growth in the South Asian country – @AceFinanceNews

#AceFinanceNews – Nov.14: Pakistan and China open new trade route // ArabNews

GWADAR: Pakistan’s Prime Minister Nawaz Sharif Sunday inaugurated a trade route linking southwestern Gwadar port to the Chinese city of Kashgar as part of a joint multi-billion-dollar project to jumpstart economic growth in the South Asian country.

The Cosco Wellington, a ship berthed at the deep-sea port in Balochistan province, was loaded with over 150 containers — the first consignment under the China-Pakistan Economic Corridor announced in 2014, which aims to link the Asian superpower’s Xinjiang region with the Arabian Sea.

AFP.Com

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