Daily news

U.S News

U.S stocks rose for a second week, as the Standard & Poor’s 500 Index climbed to the highest level in five years, amid optimism about fourth-quarter corporate earnings and better-than-estimated data on Chinese exports.

The S&P 500 advanced 0.4 percent to 1,472.05 for the week. The Dow added 53.22 0.4 percent, to 13,488.43. Futures on the S&P 500 Index climbed 0.2 percent today

Hewlett-Packard Co  surged 6.7 percent to $16.16 for the biggest gain in the Dow this week.

Goldman Sachs Group Inc, JP Morgan Chase & Co, Bank of America, Citigroup Inc. and Morgan Stanley are among the largest U.S. banks scheduled to report earnings next week.

Asian News

Asian stocks excluding Japan advanced with the regional benchmark heading for its 4th gain in four days. Chinese shares rallied – regulator says China can boost quotas by ten times for foreign investment in financial markets

Citic Securities Co., China’s biggest listed stock brokerage, jumped 5.4 percent in Hong Kong. The MSCI Asia Pacific Excluding Japan Index (MXAPJ) increased 0.3 percent to 477.41 as of 1:30 p.m. in Hong Kong, erasing losses of as much as 0.3 percent

European News

European (SXXP) stock futures rose after Federal Reserve Bank of Chicago President Charles Evans said the central bank should continue to support economic recovery

Futures on the Euro Stoxx 50 Index,  added 0.5 percent to 2,725 at 7:34 a.m. in London. Contracts on the U.K.’s FTSE 100 Index gained 0.3 percent


The yen fell to the lowest level in more than two years on prospects Japanese Prime Minister Shinzo Abe will select a central bank chief who will expand monetary easing efforts to accelerate the currency’s decline.

The yen dropped to as low as 89.67 per dollar, a level unseen since June 25, 2010, before trading at 89.59 as of 6:57 a.m. in London, down 0.5 percent from last week’s close.

The euro may target $1.35, its strongest since December 2011, after last week breaking through so-called resistance at $1.33-$1.3310, according to JPMorgan Chase & Co.


Treasury 10-year notes held gains as economists said a government report this week will show consumer prices were in check in December.  Benchmark 10-year yields were little changed at 1.87 percent as of 7:20 a.m. in London,

The Fed is purchasing $85 billion of government and mortgage debt a month to spur the economy by putting downward pressure on interest rates. The central bank plans to buy as much as $1.75 billion of Treasuries maturing from February 2036 to November 2042 today



WTI futures climbed as much as 0.8 percent after a fifth weekly gain, the longest run of advances since August

Crude for February delivery rose as much as 71 cents to $94.27 a barrel and was at $94.22 in electronic trading on the New York Mercantile Exchange at 2:31 p.m. Singapore time.

Hedge Fund cut bullish commodity wagers - Speculators trimmed net-long positions across 18 futures and options by 5.4 percent to 654,443 contracts in the week ended Jan. 8, the lowest since June 19, U.S. Commodity Futures Trading Commission data show