In global risk appetite has improved during the week, helped a good first - Goldman Sachs, JP Morgan and Wells fargo is proposed that the U.S. economy and an end to the decline coming from a number of quarterly earnings.But investors still Thursday in U.S. housing starts down 10.8% as a very negative economic data, as well as an uncertain future with the earnings report, are facing.
For example, there is fear that the results of the first quarter of the city after Friday's expectations is not going to be in harmony, and are that GE's financial results compared to set up a standard will.
While the Nikkei 1.7%, while European stock markets rallied dow Jones industrial average gained 1.2% were open almost flat, if you share my enthusiasm.
ECB President Jean Claude Trichet the Euro area of the dangers for the economy to continue to focus on in the market has helped. Tokyo for a visit at the time, he essentially confirmed the bank at the beginning of May, the standard "monetary policy meeting of a" non-adopted. He also said a common currency, a weak under the fingers of the U.S. strong dollar policy acknowledges agree.
Euro to help get Dallas Federal Reserve Bank President Richard Fisher, who once again loudly that the U.S. is unable to overcome the challenges facing the euro area.
In light of the risk of deflation, and to take decisive action and will be called until the danger of this strategy, "said Roth.
His remarks led to a sharp depreciation of the franc, the dollar rose to CHF1.1611 hours before the 0930 GMT from CHF1.1472 late Thursday in New York, according to EBS. Euro rose to CHF1.5194 from CHF1.5114.
In addition, the dollar rose slightly to Y99.38 from Y99.33, while the euro fell to U.S. $ 1.3080 from U.S. $ 1.3175. The single currency was also Y130.01 from Y130.94. Pound sterling fell to 1.4851 from U.S. $ 1.4936 USD.
In Eastern Europe, the most conservative of the affected investors. Euro HUF294.24 with HUF292.50 and PLN4.2975 with PLN4.2730. However, the single currency has not increased, a slight decrease CZK26.835 with CZK26.843.
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