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#Asian_stocks got off to a shaky start on Thursday after the #Federal_Reserve flagged delays to interest rate cuts, while the #dollar fell heavily on the #yen in what traders reckoned was Japanese intervention. #Oil fell sharply overnight as the prospect of cuts seemed more distant and after a surprise jump in U.S. stockpiles, with […]
#USA_stocks closed mixed on Wednesday after the #Federa_Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the #Nasdaq ended lower while the #Dow_Jones Industrial Average notched a modest gain. The #Federal
#S&P #500, #Nasdaq end lower after #Fed #rate decision, #Powell press conference : Read More »
#yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the #dollar overnight that #traders and #analysts were quick to attribute to intervention by #Japanese authorities. #The_dollar was 0.9% higher at 155.98 #yen as of 0100 GMT, retracing about half of its late Wednesday surge from around 157.55
#Yen gives up ground vs #dollar following #surge on suspected intervention : Read More »
#Oil_prices rose in #Asian_trade on Thursday, recovering from near two-month lows as a sharp drop in the dollar following a #Federal_Reserve meeting offered some relief to markets. But gains in crude were limited, as a recent spike in #usa_inventories and crude production pushed the notion that oil markets were not as tight as initially
#Oil_prices rise from near 2-mth low as #dollar drop offers some relief : Read More »
#USA_stock index futures rose in evening deals on Wednesday after a whipsaw session on #Wall_Street as #Federal_Reserve Chair #Jerome_Powell warned that interest rates will remain high for longer, but dismissed the prospect of a rate hike. #Powell’s comments offered some relief to markets, which had fallen sharply in recent sessions amid growing concerns over
US#stock_futures #rise as #Powell pushes back against rate #hike : Read More »
#Oil_prices settled lower Wednesday, as an unexpected build in U.S. s#tockpiles and signs that the #Federal_Reserve is set to keep rates higher for longer than previously expected weighed on sentiment. At 14:30 ET (17:30 GMT), #Brent_oil futures fell 3.4% to $83.44 a barrel, while West Texas Intermediate crude futures fell 3.6% to settle at $79 a barrel,.
#Oil_prices settle lower as spike in #USA crude stockpiles dent tight supply bets : Read More »
The #Bank_of_Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor #Tiff #Macklem said on Wednesday. In opening remarks to the Senate banking committee, #Macklem said: “We are seeing what we need to see, but we need to see it for longer to be confident that
Bank of Canada closer to be able to cut rates, says Governor : Read More »
The #Federal#Reserve decided today to maintain its benchmark interest rate. Inflation data since January have been higher than anticipated, causing market participants to adjust their expectations significantly. The #Fed announced plans to slow its balance sheet normalization process in the upcoming month. Starting in June, the #central_bank will decrease this rate to $25 #billion
#Wall_Street reacts to #Fed’s decision to keep #rates on hold, #Powell’s remarks : Read More »
S&P 500 closed lower Wednesday after swinging between gains and losses as the Federal Reserve kept rates unchanged on Wednesday, but the #central_bank maintained its easing basis, downplaying the prospect of rate hikes. #At 16:00 ET (20:00 #GMT), S&P 500 fell 0.40%, the NASDAQ #Composite fell 0.3%, and the #Dow_Jones Industrial Average climbed 85 points, or 0.2%.
#Stock_Market Today : Read More »
#Oil_prices fell for a third day on Wednesday on rising crude #inventories and #production in the #usa the world’s biggest oil consumer, along with increasing hopes of a ceasefire agreement in the #Middle_East. Brent crude futures for July fell 47 cents, or 0.5%, at $85.86 a barrel by 0005 GMT. U.S. West Texas Intermediate
#Oil falls for a third day as #USA_crude inventories swell : Read More »