Gold traded near the highest price in almost a week in London as investors weighed a U.S. political stalemate that extended a government shutdown.
Nonessential U.S. government services have been closed for a week as politicians try to pass a budget. U.S. President Barack Obama reiterated he won’t negotiate with Republicans over the borrowing limit, as Treasury...
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Australia business confidence rises after election
SYDNEY--Australian business confidence rose to its highest level in three-and-a-half years following the election of a conservative government, widely seen as more capable of managing a slowing economy as a long mining boom fades.
National Australia Bank's monthly business confidence index rose to +12 in September, from +4 in August. Still, a separate measure...
Dollar hits nearly two-month low against yen
NEW YORK (MarketWatch) — The U.S. dollar fell to its lowest level against the Japanese yen in nearly two months on Monday, as Democrats and Republicans stood their ground on opposite sides of the budget debate and the government shutdown stretched into its second week.
Trading on Monday was marked by “outperformance of safe-haven...
Daily Market Review for October 8th 2013
Major Economic Data to keep an eye on:
We have a busy schedule this morning. Make sure to keep track of economic news related to your open positions.
CHF - Swiss CPI (MoM+YoY) - 8:15 GMT
EUR - German Factory Orders (MoM) - 11:00 GMT
CAD - Housing Starts - 13:15 GMT
CAD - Trade Balance - 13:30 GMT
USD -...
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