GLOBAL MARKETS-Euro off as ECB seen easing further; Wall St ends flat *Wall St flat, European stocks rally. NEW YORK, Nov 25- The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash. "A lot of people are taking the day off and this is just programs trading There's...
| By: Rodrigo Campos and Dion Rabouin
US STOCKS-Wall St indexes flat in pre-holiday lull; health, consumer up *Jobless claims fall more than expected. Nov 25- The major U.S. indexes were virtually unchanged at the close of a quiet trading day on Wednesday with gains in healthcare and consumer stocks after data showed U.S. modest economic growth. "The news this morning was a little better than worse, so the market went up," said Peter Costa, president of Empire Executions Inc,...
| By: Sinead Carew
Signs of steady US economy: Rising pay and solid job market WASHINGTON— Americans' pay is up, fewer people need unemployment aid, more are buying new homes and business spending is rebounding. The steady consumer and business demand in the United States is powering the economy through economic pressures from overseas, which jolted financial markets during August and September and raised doubts about global growth.
Source: The Associated Press
| By: By CHRISTOPHER S. RUGABER, AP Economics Writer
UPDATE 11-Oil steadies on U.S. rig count drop, small crude build *U.S. oil rig count down by 9 this week, Baker Hughes says. NEW YORK, Nov 25- Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of U.S. rigs actively drilling for oil. Benchmark Brent crude futures settled up 5 cents at $46.17 on Wednesday, after falling more than $1 to a...
| By: Barani Krishnan
FOREX-Dollar rises on manufacturing data, holds off euro rebound *Late euro recovery lifts single currency above $1.06. NEW YORK, Nov 25- The dollar rose on Wednesday, holding near multi-month highs against a basket of currencies as the latest batch of U.S. economic data continued to support views the Federal Reserve will raise interest rates in December. The data turned the dollar upward against the yen, which rallied...
| By: Dion Rabouin