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Stocks closed slightly lower this Monday, pulling back after the Dow and S&P 500 hit fresh all-time highs and amid ongoing worries that the Federal Reserve may taper its bond-purchase program. More>> Federal Reserve policy makers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing. A shrinking federal budget deficit is likely to help them meet that goal. More>> Yahoo! Inc. is buying blogging network Tumblr Inc. for about $1.1 billion as Chief Executive Officer Marissa Mayer seeks to lure users and advertisers with her priciest acquisition to date. More>>
Asia's stock markets were in rally mode on Monday after better-than-expected U.S data boosted investor confidence in the global economic recovery. More>> The yen strengthened against all but two of its 16 major peers, climbing most versus South Africas rand with a gain of more than 1 percent. It added 0.5 percent to 131.91 per euro. More>> Chen Li, the UBS AG strategist who predicted the tumble in Chinas smallest shares two years ago, says the companies are poised to retreat again after valuations rose to the biggest premium over larger stocks since 2010. More>>
OIL (WTI 96.86 $/bbl; +0.75% / Brent 104.78 $/bbl; +0.14%): Oil prices rose after the Japanese Economy Minister said the yen would harm the economy if it weakened further. More>> GOLD (1392.65 $/oz t; +3.40%): Gold prices rose after the Japanese economy ministers statement fueled demand for Japan's currency and weakened the greenback. More>> SOYBEANS (1465.12 $/bu; +1.15%): Front-month soybean prices climbed to an eight-week high amid ongoing concerns over U.S. crop prospects. More>>
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