US Markets on hold for Martin Luther King Jnr Holiday $AUDUSD
- Published: 21 January 2014
- General Electric posted a rise in quarterly net profit on Friday, helped by strength in its businesses selling oil pumps and jet engines. The conglomerate said net earnings rose to $4.2 billion, or 41 cents per share, from $4.01 billion, or 38 cents a share, a year earlier. GE last traded at $26.58
- PSA Peugeot Citroen (UG) is considering a capital increase of 3 billion euros ($4.1 billion) to raise funds for new models and expand in growth markets. Peugeot plunged 1.28 euros, or 11 percent, the steepest decline since Dec. 13, to 10.21 euros at the close of trading today in Paris. That pared the stock’s gain in the past 12 months to 63 percent.
- Dow Jones +0.00% S&P 500 +0.00% and NASDAQ +0.00%
- Gold traded near a five-week high in London as investors weighed signs of increasing physical demand against the outlook for less U.S. stimulus. Platinum rose to the highest since November on prospects for strikes in South Africa.
- Pressure is mounting on lawmakers working on a farm bill to come up with a deal before the end of the month, when the Agriculture Department is to begin enforcing a series of decades-old laws that could cause the price of milk and other agricultural products to double.
- The yen climbed for a third day against the dollar as a report showed China’s economic growth slowed in the fourth quarter, boosting demand for the Japanese currency as a haven. The yen rose versus most of its 16 major peers as equities slid. Chinese gross domestic product rose 7.7 percent in the October-December period from a year earlier, the National Bureau of Statistics said in Beijing, compared with 7.8 percent in the third quarter
