Analyst news

• Dollar slides after Yellen speech; S&P at 2016 high

  29-03-2016 23:14 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar dropped sharply and stocks on Wall Street ended at 2016 highs after Federal Reserve Chair Janet Yellen said the Fed should proceed "cautiously" in deciding when to raise interest rates. "Given the risks to the outlook, I consider it appropriate for the Committee to proceed cautiously in adjusting policy," Yellen said in remarks to the Economic Club of New York. Yellen's comments, her first since the Fed held rates steady two weeks ago, appea
  
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• SunEdison at risk of bankruptcy, unit says; shares plummet 60 percent

  29-03-2016 23:08 via news.yahoo.com
  
  SunEdison declined to comment. SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 percent to a record low of 50 cents. TerraForm Global Inc , one of two SunEdison "yieldcos", said in a regulatory filing that it would join its parent and fellow yieldco TerraForm Power Inc in delaying its annual report for the year ended Dec. 31.
  
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• Wall Street hits 2016 high after Yellen delivers

  29-03-2016 22:34 via news.yahoo.com
  
  In her first comments since the Fed held steady on rates earlier this month, Yellen said global risks remained, including uncertainty over China and low oil prices. After its worst January since 2009, the S&P 500 has fully recovered and is now up 0.55 percent for 2016, although investors remain concerned about a slow global economy, a strong dollar, volatile oil prices and lackluster top-line growth at U.S. companies. Yellen's cautious tone contrasted with recent comments from other policyma
  
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• China’s Market News: Growth Forecasts Lowered, but Financials Improve

  29-03-2016 22:29
  A major Chinese financial firm reported better-than-expected earnings as loan performance improved. Yet broader growth forecasts were once again downgraded, hurting outlook for the Yuan.
  
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• US Dollar Drops Sharply After Yellen’s Dovish Comments

  29-03-2016 21:20
  In her closely-watched speech on the economic outlook today, Fed Chair Janet Yellen discussed headwinds to economic growth and reflected on the slower path of hikes and pointed concern over global conditions.
  
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• Wall Street rises as Yellen strikes cautious note on rates

  29-03-2016 20:45 via news.yahoo.com
  
  U.S. stocks swung into positive territory on Tuesday after Federal Reserve Chair Janet Yellen said the central bank should proceed "cautiously" on raising interest rates. In her first comments since the Fed held steady on rates earlier this month, Yellen said global risks remained, including uncertainty over China and low oil prices. Yellen's cautious tone contrasted with recent comments from several policymakers, including the chiefs of the Philadelphia and Atlanta Federal Reserves, who had exp
  
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• USDOLLAR Slammed as Dovish Fed Chair Yellen Talks of QE

  29-03-2016 20:00
  The USDOLLAR extends the decline from earlier this week as Fed Chair Janet Yellen argues that the central bank has the flexibility to implement another round of QE.
  
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• Wall St. turns positive after Yellen comments

  29-03-2016 18:33 via rocketnews.com
  By Abhiram Nandakumar
  (Reuters) – Wall Street swung into positive territory on Tuesday after U.S. Federal Reserve Chair Janet Yellen said it was appropriate for the Fed to proceed “cautiously” in raising interest rates.
  Global developments and risks have led policymakers to project slower path of rate hikes than initially expected in December, Yellen said.
  Yellen, speaking in New York, said global risks remain, including uncertainty over China and path of oil prices.
  The centr
  
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• Wednesday preview: Carnival report first quarter earnings

  29-03-2016 18:11 via news.yahoo.com
  
  (ShareCast News) - Cruise operator Carnival is expected to report an increase in first quarter earnings on Wednesday as bookings rise.
  
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• FTSE knocked by falling commodity shares

  29-03-2016 17:58 via news.yahoo.com
  
  By Alistair Smout and Kit Rees LONDON (Reuters) - UK shares underperformed Europe stocks on Tuesday, giving up early gains after a drop in commodity-related items intensified and banks turned lower following the Bank of England's latest financial stability report. The blue-chip FTSE 100 index was down 0.58 points, flat in percentage terms, at 6,105.90 points by the close, lagging blue-chip euro zone stock market indexes. Metal prices fell after the dollar strengthened ahead of a speech by Federa
  
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• Britain's FTSE knocked by falling commodity shares

  29-03-2016 17:55
  
  * Next bucks low-volume trend (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for...
  
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• Wall Street flat ahead of Yellen speech

  29-03-2016 17:11 via rocketnews.com
  By Abhiram NandakumarREUTERS – A decline in oil prices kept the S&P 500 and the Dow slightly in the red on Tuesday, ahead of Federal Reserve Chair Janet Yellen’s speech on monetary policy. Yellen, who is due to speak before the Economic Club of New York at 12:20 p.m. ET (1620 GMT), will make her first remarks since the Fed’s meeting in March. The central bank has said it will depend on economic data before it makes a decision on rates, but several policymakers have voiced s
  
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• A rebounding stock market helps lift US consumer confidence

  29-03-2016 16:21 via rocketnews.com
  WASHINGTON (AP) — A private survey says U.S. consumers are feeling more confident in March, with a rebounding stock market brightening their outlook.
  The Conference Board says its consumer confidence index has rebounded to 96.2 after tumbling to a revised 94 in February.
  Consumers’ assessment of current economic conditions has fallen slightly. But their outlook for the future has improved modestly.
  The U.S. stock market got off to a dismal start in 2016, driven by fears of economic w
  
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• MIDEAST STOCKS-Saudi falls after weak data, most bourses rise

  29-03-2016 16:19 via news.yahoo.com
  
  * Saudi index closes below mid-March low * First annual money supply drop for over a decade * Middle East Healthcare jumps on listing * Dubai Parks rebounds after plunge on rights issue * Orascom Telecom helps Egypt rise By Andrew Torchia DUBAI, March 29 (Reuters) - Saudi Arabia's stock market fell sharply on Tuesday as petrochemical stocks sagged and the central bank reported weak economic data, but most major markets in the region gained. The Saudi index fell 1. ...
  
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• SunEdison at risk of bankruptcy, unit says; shares plummet

  29-03-2016 15:55 via news.yahoo.com
  
  SunEdison's shares - already reeling from a Wall Street Journal report that the company was being investigated for overstating its cash position - fell as much as 43 percent in premarket trading. TerraForm Global Inc , one of two SunEdison "yieldcos", said it would join its parent and fellow yieldco TerraForm Power Inc in delaying its annual report for the year ended Dec. 31. TerraForm Global's annual report was due by March 30.
  
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• Energy shares drag Wall Street down, Yellen speech awaited

  29-03-2016 15:51 via news.yahoo.com
  
  Wall Street was lower on Tuesday as oil prices skidded, and investors awaited Federal Reserve Chair Janet Yellen's speech for clues on when the central bank may raise interest rates. Investors will keep a close eye on Yellen's speech as they look for fresh drivers that could push stocks higher. "We are seeing a little bit of a pause here," said Adam Sarhan, chief executive of Sarhan Capital in New York.
  
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• USD/JPY Working on a No-hitter

  29-03-2016 15:45
  USD/JPY on 8-day winning streak. Internal trendline resistance caps, but seasonal tendencies still positive through Japanese fiscal year end.
  
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• Wall Street set for lower open as Yellen speech awaited

  29-03-2016 14:58 via news.yahoo.com
  
  U.S. stocks were set to open slightly lower on Tuesday as investors awaited Federal Reserve Chair Janet Yellen's speech for clues on when the central bank may raise interest rates. An about 2.5 percent drop in crude oil prices also made investors more cautious amid concerns that a two-month rally may be in danger of fizzling. Yellen, who is due to speak before the Economic Club of New York at 12:20 p.m. ET (1620 GMT), will make her first remarks since the Fed's meeting in March.
  
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• Dow Jones Industrial Average Trades Heavy into Resistance

  29-03-2016 14:55
  Dow Jones sideways trade at resistance suggests the market thinks the resistance level is important. A potential selloff could give back 5-7% of the recent gains.
  
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• Silver Prices Soften As The Dollar Gains Ahead Of Yellen Speech

  29-03-2016 13:57
  Silver prices slid below the March 16 low of $15.22, which has triggered a short-term bearish trend. U.S. Home Price Index, Consumer Confidence are on deck this afternoon and so is Fed’s Yellen.
  
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• EUR/USD Rebound to Fizzle on Improved U.S. Consumer Confidence

  29-03-2016 12:00
  A marked pickup in U.S. household sentiment may drag on EUR/USD as it puts increased pressure on the FOMC to further normalize monetary policy.
  
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• UPDATE 1-Apollo offers to buy majority of Italy's Carige via 550 mln euros cash call

  29-03-2016 11:44
  
  * Carige stock up 6.2 percent (Recasts with company confirmation, adds details, comment)
  
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• Brent: oil market is now uncertain

  29-03-2016 11:38 via liteforex.com
  Forex analytics: According to US Energy Department, last week oil and oil products reserves in the USA increased by 9.357 million barrels. Statistics released by API showed that oil reserves have increased by 8.7 million barrels.Today’s main event is a speech by the head of the US Fed Janet Yellen (18:20 GMT+2). At 22:30 API will release oil reserves data for a week. It is likely that oil will be under ...
  
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• Brent: the price can go below the level of 41.50

  29-03-2016 11:34 via liteforex.com
  Forex analytics: The price of crude oil Brent failed to overcome resistance level of 41.50, which was mentioned in our previous review of 23.03.2016 “the rise can be continued in case of breakdown of the levels of 41.50 and 42.30 (lows of August 2015) and after reaching resistance level of 44.00 (ЕМА200 on the daily chart). As an alternative scenario the price may go back to support levels of 38.40 (highs of ...
  
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• USD/CHF: The rise in the USD is gaining momentum

  29-03-2016 10:55 via liteforex.com
  Forex analytics: As the time of the speech by Janet Yellen is approaching (18:20 GMT+2), the USD is growing in the market and in the pair USD/CHF.Investors’ confidence in the USD has increased after some comments by the US Fed representatives last week about possibility of the rise in the interest rates.Investment attractiveness of the USD will increase in case of the rise in the interest rates in the USA. ...
  
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• USD/CHF: the pair may consolidate above the level of 0.9810

  29-03-2016 10:53 via liteforex.com
  Forex analytics: On 4-hour chart the pair USD/CHF is at the resistance level of 0.9750, which is crossed by the upper limit of the descending channel and the moving average line ЕМА50. The indicators OsMA and Stochastic are reversing towards the long positions. In case of break out of the resistance level of 0.9750, next important resistance levels will be 0.9810 (ЕМА200) and 0.9860 (ЕМА144 on the daily ...
  
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• Britain's FTSE gains as insurance, financial stocks rise

  29-03-2016 10:50
  
  LONDON, March 29 (Reuters) - UK shares advanced on Tuesday, boosted by a rally in the insurance and financial sectors as investors anticipated the Bank of England's decision on capital...
  
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• MIDEAST STOCKS-Egypt shares rise, Saudi edges down on petrochemicals

  29-03-2016 10:48 via news.yahoo.com
  
  Egypt's stock market rose broadly in early trade on Tuesday while Saudi Arabia was pulled down by petrochemical shares after Brent crude oil fell back below $40 a barrel. The most heavily traded stock, Egyptian billionaire Naguib Sawiris's Orascom Telecom Media, added 2.6 percent. Saudi Arabia's index fell 0.4 percent as petrochemical heavyweight Saudi Basic Industries lost 1.6 percent.
  
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• Analytical review of Microsoft Corporation's shares

  29-03-2016 10:30 via liteforex.com
  Forex analytics: Microsoft Corporation, #MSFT [NASD]Technologies, Software&Services, USA Financial performance:Index –DJIA, S&P 500;Beta – 0.93; Capitalization - 411.28В;Assets profitability - 6.50%; Revenue - 25.7В;Average volume – 39.67 М; P/E – 37.14;ATR – 1.52.Analytical review: The Company has the 4th biggest capitalization among the issuers listed on the US stock market. According to the ...
  
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• BUZZ-Saudi’s Middle East Healthcare jumps on listing

  29-03-2016 10:22 via rocketnews.com
  ** Shares in Saudi Arabian hospital operator Middle EastHealthcare jump 10 percent daily limit to 70.25 riyalsupon listing ** Company had raised 1.77 billion riyals ($471 million) byselling 27.61 million shares or 30 percent of its capital at 64riyals per share ** It had originally intended to complete IPO in earlyFebruary but rescheduled offer to March after stock marketplunged ** Saudi IPOs are customarily priced attractively for retailinvestors and the stocks often rise their 10 percent limi
  
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• FTSE 100 Is Little Changed As Trading Resumes

  29-03-2016 09:57
  Trading resumes after the Easter holiday and the FTSE 100 is little changed. The multi-week trend is bullish above the March 10 low of 6006.
  
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• The DAX 30 Gains, Whilst Asian Stocks Trade Lower

  29-03-2016 09:51
  The DAX 30 (FXCM: GER30) is higher by 0.47% at the time of writing, as trading resumes after the Easter holiday break.
  
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• Gold Price Steadies before Fedspeak while Oil, Copper Prices Fade

  29-03-2016 09:15
  Gold price recovered on market positioning before Fedspeak and NFP. Oil and copper prices traded muted even as US dollar stayed weak
  
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• US Dollar May Rise as Fed Commentary Boosts Rate Hike Outlook

  29-03-2016 08:59
  The US Dollar may rise as comments from Fed officials boost speculation that the central bank will deliver more interest rate hikes than markets have accounted for.
  
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• Asian shares slump as Yellen speech awaited

  29-03-2016 08:59 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Asian shares struggled to find their footing on Tuesday and the dollar clawed back ground lost after downbeat U.S. economic data contributed to an uninspiring session on Wall Street. Investors awaited Federal Reserve Chair Janet Yellen's speech at 1620 GMT for fresh signals on the outlook for U.S. interest rate hikes, after a chorus of hawkish comments from other Fed officials. Investors burnt by last year's market crash are still too scared to enter the marke
  
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• Yahoo sets deadline for buyers to present preliminary bids

  29-03-2016 08:44 via news.yahoo.com
  
  SAN FRANCISCO: Yahoo Inc. has given prospective buyers until April to present preliminary offers for some of its assets, the Wall Street Journal reported late Monday. In letters to potential suitors, the troubled Internet company asked them what assets they were interested in, how they would finance such acquisitions and what terms would have to be met on their end, the newspaper said, quoting people familiar with the matter. The paper said some buyers might be interested in Yahoo's core web bus
  
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• Yahoo sets deadline for buyers to present preliminary bids: report

  29-03-2016 07:51 via news.yahoo.com
  
  Yahoo Inc. has given prospective buyers until April to present preliminary offers for some of its assets, the Wall Street Journal reported late Monday. In letters to potential suitors, the troubled Internet company asked them what assets they were interested in, how they would finance such acquisitions and what terms would have to be met on their end, the newspaper said, quoting people familiar with the matter. The paper said some buyers might be interested in Yahoo's core web business or parts
  
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• Turkey - Factors to Watch on March 29

  29-03-2016 07:16 via news.yahoo.com
  
  ISTANBUL, March 29 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday. The lira stood at 2.8700 to the dollar at 0451 GMT, little changed from previous session's close of 2.8690. The main share index ended little changed on Monday, at 81,344.55. The benchmark 10-year government bond yield ended spot trade at 10.17 percent on Monday. GLOBAL MARKETS Asian shares struggled to find their footing on Tuesday and the dollar clawed back ground lost after d
  
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• Asian shares slump as Yellen awaited

  29-03-2016 07:15 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Asian shares struggled to find their footing on Tuesday and the dollar clawed back ground lost after downbeat U.S. economic data contributed to an uninspiring session on Wall Street. Investors awaited Federal Reserve Chair Janet Yellen's speech at 1620 GMT for fresh signals on the outlook for U.S. interest rate hikes, after a chorus of hawkish comments from other Fed officials. MSCI's broadest index of Asia-Pacific shares outside Japan slipped about 0.4 percen
  
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• Chinese automaker BYD earnings surge to continue in Q1 on green cars

  29-03-2016 07:02 via news.yahoo.com
  
  * Q1 earnings to increase 6-7 times y/y * Green car sales surging on China gov't promotion * Two more green SUV models to launch in 2016 (Adds Q1 forecast, model launches, company comments) SHANGHAI, March 29 (Reuters) - Chinese automaker BYD Co Ltd , backed by Warren Buffett's Berkshire Hathaway Inc, said late on Monday that it expects profit to increase at least six times year-on-year in the first quarter as green car sales skyrocket. The Shenzhen-based company said in a stock exchange filing
  
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• Nikkei 225 Remains Range-Bound

  29-03-2016 06:54
  Nikkei consolidated within the area of 16525.5-17438.5 with low volatility. Momentum lackluster indicates this situation may prolong
  
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• ASX 200 Heading Lower after Breach of Support

  29-03-2016 06:31
  ASX 200 is heading lower after it broke 5074 support level. Downward pressure is clear in momentum signals. New support level is 4918.4
  
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• NZD/USD Technical Analysis: Still Stuck in Choppy Range

  29-03-2016 06:13
  New Zealand Dollar price action against its US namesake remains choppy as the currency oscillates in familiar territory near the 0.67 figure.
  
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• Asian stocks mostly lower following Wall Street drop

  29-03-2016 05:26 via rocketnews.com
  
  TOKYO (AP) — Asian stocks mostly slipped in narrow trading Tuesday following a drop on Wall Street disappointed by U.S. economic data.KEEPING SCORE: Japan’s benchmark Nikkei 225 lost 0.2 percent in morning trading to 17,106.54. South Korea’s Kospi added 0.2 percent to 1,986.23. Hong Kong’s Hang Seng was down 0.1 percent at 20,320.32, while the Shanghai Composite dipped 0.6 percent to 2,939.32.
  WALL STREET: The Dow Jones industrial average rose 19.66 points, or 0.1 percent
  
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• USD/CNH Technical Analysis: Long-Term Uptrend Resuming?

  29-03-2016 05:13
  The US Dollar paused to digest gains having advanced to the highest level in four weeks against the Chinese Yuan in offshore trade.
  
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• Asian investors tread carefully ahead of Yellen speech

  29-03-2016 05:07 via rocketnews.com
  
  Asian investors moved cautiously Tuesday as they returned to the trading floors after the long Easter break, with attention turning to a speech by Federal Reserve chief Janet Yellen later in the day.After a broadly upbeat month across all asset classes — which saw healthy gains after the sharp sell-offs of January and February — investors also looked to cash in before closing their positions before the end of the week.
  A string of easing measures from central banks around the world p
  
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• Yahoo sets April 11 deadline for preliminary bids - WSJ

  29-03-2016 04:06 via news.yahoo.com
  
  (Reuters) - Yahoo Inc has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, The Wall Street Journal reported on Monday, citing sources. Yahoo asked bidders details regarding financing, conditions or approvals that would have to be met on their end, and what key assumptions they would be making by deciding to move forward with a deal, the Journal said, citing a letter sent to possible bidders. Yahoo could not be immediately reached for a comment outside re
  
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• Japanese Yen Brushes Off Weaker-Than-Expected Employment Data

  29-03-2016 03:42
  The Japanese Yen showed a tepid response against its major counterparts even though Japan’s jobless rate increased to the highest level this year.
  
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• Global stocks, dollar wobble on weak U.S. data

  29-03-2016 02:55 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Asian shares struggled to find their footing on Tuesday after downbeat U.S. economic data contributed to an uninspiring session on Wall Street and pressured the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.05 percent after wavering for most of the early session. Japan's Nikkei skidded 0.8 percent in early trading, not helped by mixed economic data released before the market opened.
  
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• Dollar slides after Yellen speech; stocks rise

  29-03-2016 02:53 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar dropped sharply and stocks on Wall Street moved higher after Federal Reserve Chair Janet Yellen said the Fed should proceed "caut...
  
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