13/10/2015 07:00 AST
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China. However, most traders have ruled out a rate increase this year.
The Canadian dollar was up 0.04 of a USA cent at 76.72 cents US.
Globally, JPMorgan's manufacturing activity index has dropped to its lowest level since July 2013 - an indicator that, according to Yardeni, has a close correlation with S&P 500 revenues.
The Dow Jones Industrial Average DJIA, +0.05% shifted between gains and losses, and was last up 44 points, or 0.3%, to 16,820, with DuPont DD, +8.99% shares rallying almost 10%.
The S&P health index, up 1.47 percent, was the biggest gainer. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 1.84% for the day, the S&P 500 traded up 1.80%, and the Nasdaq Composite traded up 1.50%.
Shares in Europe followed big gains in the U.S. Monday with more gains.
The dollar was broadly flat against the main currencies, while gold futures rose 0.20% to $1,138.06.
Moreover, 2016 is looking a lot better, with S&P 500 earnings now projected to grow 10.3 percent. Copper extended recent advances to trade more than 1.4 percent higher.
Twitter (NYSE:TWTR) gained 8% after it was reported that Prince Alwaleed bin Talal and his investment company doubled their ownership of the stock to 5.2% in the past six weeks. The company also hiked its full-year growth estimates. The restaurant operator reported third-quarter results, including trouble in its key China operation, that disappointed investors.
US stocks remained confined in a narrow range on Tuesday in the first half of the session as markets waited for the European Central Bank president Mario Draghi's speech.
"It's unfortunate that American consumers are spending their money on imported goods, but at least they are spending freely".
Bill Ackman's disdain for HLF has been fodder for the Street for a few time, and today, the activist investor said he has "lots of new stuff, none I can report," and to "stay tuned".
Global supply is forecast to rise to 95.98 million barrels a day next year, 0.1 percent less than expected last month, the U.S. Energy Information Administration said Tuesday in its Short-Term Energy Outlook. The S&P was little changed after having gained 5.6 per cent over the past five days, its best 5-day run since 2011. Oil prices have been supported this week by reports that Russian Federation, one of the top crude producers in the world, has expressed willingness to meet with nonmembers and OPEC members to discuss market conditions.
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