Market Undaunted by Embassy Blast
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Laksamana.Net - Despite the scenes of devastation in Jakartaâs central business district, last weekâs bombing outside the Australian Embassy appeared as little more than a glitch in the steady gains made by the Jakarta stock index over the last two
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France tightened security around its embassies Friday after a bomb outside the Indonesian Embassy slightly injured nine people in a pre-dawn explosion that shattered neighborhood windows and puzzled police.
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To the mounting dismay of foreign officials, the slide in the dollar gathered new momentum yesterday, but the Bush administration restated in no uncertain terms its longtime policy of leaving the US currency&#39;s value to the markets.
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A bomb exploded outside the Indonesian Embassy here on Friday, shattering windows and slightly injuring 10 people in one of the city's wealthiest neighborhoods.
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U.S. Treasury bond and gold prices  climbed on Tuesday, while stock prices dipped after news that a  series of explosions in India&#039;s financial hub of Mumbai had  killed more than 100 people.
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The euro and Swiss franc both fell  about 1 percent and the Japanese yen shed half a percent in  Asia Monday as the dollar rallied broadly in thin trade.   Holidays in Japan, Australia, New Zealand and London kept  volume low, exaggerating moves, and dealers said there was  nothing particular behind the dollar's rise.  "It seems to be position-squaring across the board in somewhat  thin markets. There is no major news or intervention or  anything like that," said David Simmonds, markets strategist  with the Royal Bank of Scotland.
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World stocks made small gains and currency markets traded in a narrow range on Monday as many investors avoided taking strong positions during the U.S. Labor Day holiday with its accompanying lack of key economic news.
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Treasury prices trim early gains as GDP fails to surprise; greenback gains against the euro. NEW YORK (CNN/Money) - Bond prices trimmed earlier gains and traded mostly flat Friday after US economic data proved
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The dollar hit session lows against the euro and the Swiss franc  on Wednesday, after a report of a large blast heard near the city of Dailam in Iran, thought to be fired from an unknown aircraft, according to Iran State TV.
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Sharp falls on the currency markets have not jolted Washington's commitment to a strong dollar, the Treasury says.
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down - against other major currencies. The tumble has helped the portfolios of some fortunate Americans by bolstering the returns of their foreign stocks and bonds.
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Currency traders have become convinced over the past two weeks that something big is afoot in the global economy. They are not convinced by the sanguine noises coming from the Federal Reserve and think the risks of a "hard landing" in the US economy have risen. But, in a departure from the old wisdom, they do not seem worried about the effects of a US downturn on European economies - rejecting the old adage that "when the US sneezes the rest of the world catches a cold".
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The FTSE 100 index of leading shares hardly changed as investors traded cautiously following a three-day slump in global equities.
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Blue chip stocks ended lower in the US last night under the impact of a new spike in crude oil prices. Analysts said confidence had also been hit by the bomb attack on a US consulate in Saudi Arabia.
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Few investors at a Shanghai brokerage house appeared rattled by the volatile price swings over the past two days.
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JAKARTA : A deadly bomb blast outside Australia&#39;s embassy in Jakarta was not linked to next month&#39;s Australian elections or forthcoming polls in Indonesia, Australian Foreign Minister Alexander Downer said.
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Oil prices were little changed on Monday  as investors focused on Asian stock market gains, setting aside  for now worries of a potential U.S. economic recession that had  knocked prices 3 percent lower late last week.