FOREX-Dlr/yen spikes on intervention talk, euro jumps

* Dollar/yen jumps above 85 yen then retreats * Traders cite intervention talk but no confirmation * Euro rises on IFO, resilient to sovereign debt problems (updates prices) By Anirban Nag LONDON, Sept 24 (Reuters) - The dollar spiked above 85.00 yen on Friday on talk of intervention by Japanese authorities keen to stem the yen's recent gains, but quickly retreated as doubts emerged about whether they had taken action. That left investors nervous about more intervention and, with risk aversion hitting markets, traders said the Bank of Japan's task...

Futures Rise Slightly Before Durable Goods Data

There's No Business Like FOX Business Stock futures pointed to a slightly-positive open on Friday as Wall Street waits for durable goods and new home sales data out this morning. As of 7:30 a.m. in New York, the Dow Jones Industrial Average futures rose 38 points, or 0.36%, to 10644, the S&P 500 futures rose 4.6 points to 1125.00 and the Nasdaq 100 futures rose 10.75 points to 1992.25. U.S. investors will get durable goods data at 8:30 a.m. ET followed by new homes sales shortly after the market open at 10 a.m. ET. Economists are looking for...

Forex Exchange Morning Report

Forex Exchange Morning Report US equities closed on Friday little changed (S&P500 +0.1%), giving up early gains in the fi rst hour of trading. Solid earnings from Oracle (second largest software producer in the world) contributed to the early boost, a weak US consumer confi dence report and Irish sovereign credit concerns responsible fro the turnaround. The Irish Finance Minister and the IMF both quashed rumours sweeping the market the country may need to seek IMF assistance, while some former Portugese fi nance ministers opined their country was likely to. Government bond yields (10yr)...

Buyside uses technology to reconnect with clients

Institutional investors that have embraced the electronic revolution in the financial markets over the past decade are being forced to rely more than ever on technology to find the best returns in the face of a slump in trading volumes. Despite a surge of activity in May, when equities worth €1.2 trillion were traded in Europe, volumes have fallen for three consecutive months – to €979bn in June, €846bn in July and €763bn last month, according to data provider Thomson Reuters. These figures are well short of the pre-crisis heights of January 2008, when volumes reached €1.5 trillion. The outlook...

Govt To Stay Vigilant On Forex: Noda

TOKYO (Nikkei)--Tokyo will maintain a firm stance against foreign exchange market volatility, Finance Minister Yoshihiko Noda said Wednesday after the government and Bank of Japan intervened in the market to weaken the yen. "(Japanese authorities) will continue to closely watch forex market trends," Noda said during a press conference at the ministry building. "We will take decisive steps, including market intervention, when necessary." As for communication with U.S. and other overseas financial authorities, "The Japanese government is in close contact with relevant and necessary parties," Noda...

World markets rise as double-dip fears ease

 LONDON — World stock markets advanced modestly Monday as investors rode momentum from Friday, when an upbeat U.S. jobs report eased fears that the global economy could slip back into recession. With Wall Street closed for a holiday, however, trading was expected to remain light.Markets took heart after official data last week showed private employers in the U.S. added 67,000 jobs in August, more than analysts expected.The figure bolstered optimism that the U.S. will maintain a slow but steady recovery from last year's recession and avoid another economic contraction later this year.By mid-afternoon...

Noteworthy | Bats Global Markets had a record U.S. market share for August Read more: http://www.kansascity.com/2010/09/06/2203445/noteworthy-bats-global-markets.html#ixzz0ypySKXgE

 Bats Global Markets, a Lenexa-based electronic trading exchange, said it had a record U.S. market share for August of 10.6 percent and a high of 5.8 percent in Europe. The share of U.S. market trading for August dipped slightly from its 11 percent slice for July. Done dealEpiq Systems, which provides software for lawyers handling bankruptcy, litigation and other financial and regulatory matters, said it had successfully completed a nearly $30 million stock buyback. The company said it had repurchased roughly 2.3 million shares at an average price of $12.83.Freaky speaker“Freakonomics” co-author...

Crude Oil Falls for a Second Day on Speculation U.S. Fuel Demand Will Drop

 Oil declined to trade near a four- day low, as falling equity markets reinforced doubts about the global economic recovery while the end of the U.S. summer peak consumption season signaled lower demand from refiners. Yesterday’s U.S. Labor Day holiday marked the end of the driving season. Refiners often idle units for maintenance in September and October as gasoline demand drops and before heating-oil use increases. The Stoxx Europe 600 Index fell as much as 0.7 percent. Asian stocks also declined, with the benchmark MSCI Asia Pacific Index snapping four days of gains.“Weak...

Commodities: Oil retreats in subdued trading

LONDON (SHARECAST) - Crude oil futures fell on Monday with trading mostly subdued due to the US Labor Day holiday.  While there was no floor trading during Monday’s holiday crude for October delivery fell 58 to $74.02 a barrel in electronic trading on the New York Mercantile Exchange.  Concern about declining demand for oil drove prices lower, as the US driving season comes to an end. Monday’s Labor Day officially marked the end of the summer driving season.  Unease about the struggling US economy and an oversupplied oil market is also weighing on oil demand. Crude inventory levels...

The ad that uses YouTube brilliantly

There is a strange and troubling rumor that YouTube is actually beginning to make money. (No, this is not merely because of the millions who continue to enjoy JK's supremely inventive wedding dance.) Indeed, Google CEO Eric Schmidt was quoted by The New York Times as saying, "YouTube is a big component of our display revenue, and display is our next big business." There is even talk that YouTube will earn $450 million this year. But it's hard to remember too many great ads that have graced YouTube's often prosaic surface. However, I am grateful to MediaBeat for bringing to my attention this lovely...