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Dollar, Euro, Pound & Yen

22:40 Tuesday 27 July, 2010

Richard Branson, founder of Virgin Group, is optimistic that the global economy will not be faced with a double-dip. He speaks to CNBC's Oriel Morrison about Virgin Money's new Australian venture and the company's stake in Virgin Blue.

22:34 Tuesday 27 July, 2010

Shares of Japanese exporters and financials traded broadly higher Tuesday, ahead of what many believe will be a brighter round of earnings reports.

Recent unsourced reports in Japanese business daily Nikkei and various analysts' notes have tipped higher earnings ahead for exporters, as cost cuts have largely offset the effects of a stronger currency.

"Given the improvements in corporate bankruptcies and sharply falling default ratio, we expect the quarter to be a relatively benign one for credit costs," said David Threadgold and Jun Oishi, bank analysts at Keefe, Bruyette & Woods in Tokyo.

22:28 Tuesday 27 July, 2010

The rally that erased the Dow Jones Industrial Average’s 2010 loss yesterday and carried the Standard & Poor’s 500 Index above its 200-day average spurred optimism among chart analysts and investors who track earnings.

The Dow advanced 1 percent to wipe out an annual slump that reached 7.1 percent on July 2 after U.S. companies beat analysts’ profit estimates at twice the rate they trailed them in the second quarter. The S&P 500 rose above its mean price in the past 200 days for the first time in more than a month, after surging 8.2 percent since June 30.

Bullish signals are increasing in equities after the S&P 500 lost 13 percent in May and June, its biggest retreat since the bull market began in March 2009. Projections for the fastest S&P 500 income growth since 1988 are helping investors overcome concern that the economy will sink into its second recession in three years.

14:34 Tuesday 27 July, 2010

Norman Chan, chief investment officer at Banyan Asset Management, explains why he finds Asian small cap stocks more "interesting" compared to the big blue chips. He shares his strategy with CNBC's Bernard Lo & Karen Tso.

14:30 Tuesday 27 July, 2010

The euro extended gains in Asian trading Tuesday, as investors continued to breathe a sigh of relief about the results of the recent stress tests conducted on major European banks.

On Monday, the dollar hit its lowest level since April, as U.S. stocks added to gains after a report showed sales of U.S. new homes rebounded in June by more than economists had forecast.

While the U.S. unit tends to fall on upbeat economic data, as investors have more appetite for risk and lower-yielding currencies lose their appeal, stronger data could also give the greenback a longer-term lift.

11:07 Tuesday 27 July, 2010

The recovery will not be strong enough to generate robust returns, believes Milton Ezrati, partner & senior economist & market strategist at Lord Abbett. He tells guest host Michael Yoshikami, YCMNET Advisors, CNBC's Martin Soong and Karen Tso, that valuations remain cheap and that the market outlook is good.

10:35 Tuesday 27 July, 2010

Japanese stocks fluctuated as Toyota Motor Corp. dropped on a stronger yen, while Yahoo Japan Corp. gained after a brokerage raised its rating.

Toyota, the largest carmaker worldwide, lost 1.3 percent. Machinery makers Kawasaki Heavy Industries Ltd. and THK Co. declined at least 1.4 percent as their ratings were cut at Nomura Holdings Inc. Yahoo climbed 2.7 percent after Mitsubishi UFJ Morgan Stanley Securities Co. raised its rating on the operator of Japan’s most-visited Internet portal. Seiko Epson Corp. advanced 2.5 percent after the Nikkei newspaper said the printer maker may have posted its first group operating profit in two years in the first quarter.

“The stronger yen should weigh on the market,” said Fumiyuki Nakanishi, a strategist at Tokyo-based SMBC Friend Securities Co. “ Corporate earnings are good, so companies which reported strong earnings should be targets of buying.”

08:00 Tuesday 27 July, 2010

Joseph Ficalora, CEO of New York Community Bancorp, and John Morgan, CEO of Zep, share their outlooks on the economy.

07:55 Tuesday 27 July, 2010

U.S. stocks on Monday closed higher for a third straight session, with FedEx Corp.'s improved outlook and a break from disappointing economic data helping lift the Dow industrials back into positive territory for the year.

"While the first chapter of the recovery did contain some scary parts, the story should get less frightening as future chapters unfold," David Kelly, chief market strategist at J.P. Morgan Funds, wrote in a note.

Helped by a late-session burst that lifted the indexes to their highs of the day, the Dow Jones Industrial Average closed up 100.81 points, or 1%, to 10,525.43. The blue-chip average is now 0.9% higher for the year, marking its first finish above its Dec. 31, 2009, close in five weeks.

07:31 Tuesday 27 July, 2010

U.S. stocks rose, erasing the Dow Jones Industrial Average’s 2010 loss, and copper advanced to a 10-week high as the dollar fell after new home sales beat estimates and FedEx Corp. boosted its forecast.

The Dow climbed 100.81 points, or 1 percent, to 10,525.43 at 4 p.m. New York time. The Standard & Poor’s 500 Index gained 1.1 percent to the highest level since June 18, driven by homebuilders and transportation companies. Copper futures increased 1.2 percent, while the dollar weakened against all 16 of its most-traded counterparts including the euro and yen.

Sales of U.S. new homes rose in June more than forecast following an unprecedented collapse the prior month, a signal the worst of the slump triggered by the end of a government tax credit is over. FedEx joined United Parcel Service Inc., the largest package delivery company, in lifting its earnings forecasts. Both are considered harbingers for the economy.

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