Am considering the PAD, but you know how it goes?
Dollar spiked up this morning after the ECB rate increase!
Damnit!!:nuts:
Dollar +0.72
U.S $ INDEX (NYBOTX)
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s
07/03/2008 - Updated 9:20 AM ET
Europe turns higher as rate hike worries fadeBanks including Societe Generale, BNP Paribas, RBS advanceBy Sarah Turner, MarketWatch
LONDON (MarketWatch) - European shares turned higher on Thursday, with banks strengthening after European Central Bank president Jean-Claude Trichet indicated that
Thursday's rate hike didn't kick off a series of increases.
The pan-European Dow Jones Stoxx 600 index climbed 0.6% to 282.47, as Societe Generale shares rose 4.4%, BNP Paribas shares advanced 3% and Royal Bank of Scotland advanced 4.3%.
European Central Bank President Jean-Claude Trichet on Thursday said he had "no bias" on future interest rates following the decision earlier in the day to hike its key interest rate by a quarter-point to 4.25%.
The ECB doesn't "precommit" to rate moves, he said, in his monthly news conference. Trichet said the decision to hike rates was unanimous.
In afternoon action, the euro was down 0.8% at $1.5763 against the greenback.
Also, oil prices fell back from record highs, with light sweet crude recently up 46 cents at $144.03 a barrel.
Stocks aligned to oil prices improved a bit, with easyJet up 1.1% and Renault up 1.5% [more]
http://markets.usatoday.com/custom/...L&guid={D278DC5D-07B9-4490-A76C-3E0CE26F0753}