Energy prices rose as a winter storm intensified off the East Coast and disrupted life in a wide, multi-state area of the region.
China’s economy narrowly missed expectations for growth to hit 14-year lows in 2013, though some economists say a cool down will be inevitable this year as officials and investors hunker down for difficult reforms.
Hedge funds raised bullish gold bets to eight-week highs as signs of stronger Chinese demand drove prices to the longest rally since August.
European shares reached a new 5-1/2 year high today as a third weekly gain for Portuguese and Spanish bonds fed improved sentiment in the region’s Mediterranean rim.
U.S. consumer sentiment dipped in its first January measure, amid dimmed expectations among lower- and middle-income families.
European Central Bank Executive Board member Benoit Coeure said the region’s banks may not need another round of the cheap long-term loans previously provided to fight the euro-area debt crisis and a recession.