Forex News
S&P 500 closes higher as energy stocks snap 4-day losing streak
Fri, 23 Jun 2017 20:19:00 GMT
U.S. equities closed mostly higher on Friday as energy stocks stemmed this week's sell-off.
Dollar trims losses vs yen after U.S. May new home sales data
Fri, 23 Jun 2017 17:43:00 GMT
The European Central Bank is deciding when to wind back its expansive quantitative easing program.
U.S. New Home Sales Rebound Amid Strength In West And South
Fri, 23 Jun 2017 14:18:29 GMT
New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.
Fed speeches, oil, data in the limelight for traders on Wall Street
Fri, 23 Jun 2017 12:27:00 GMT
U.S. futures pointed to a lower open, as investors await economic releases and speeches from the Federal Reserve.
Eurozone Private Sector Growth Moderates In June
Fri, 23 Jun 2017 12:24:54 GMT
Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.
ECB Seeks More Euro Clearing Supervisory Powers
Fri, 23 Jun 2017 11:17:59 GMT
The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.
European Economics Preview: Eurozone Composite PMI Data Due
Fri, 23 Jun 2017 06:10:11 GMT
Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.
Nasdaq posts back-to-back gains as health care jumps 1%
Thu, 22 Jun 2017 20:18:00 GMT
U.S. stocks closed mixed on Thursday, with the health care sector posting strong gains.
Commodities tomorrow: Crude's dead cat bounce
Thu, 22 Jun 2017 19:31:00 GMT
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Dollar little changed as low U.S. yields offset solid data
Thu, 22 Jun 2017 18:17:00 GMT
Doubts crept in as to whether the modest current economic expansion warrants further rate increases.
Praet Says ECB To Ignore Govts' Worries While Winding Down Bond Purchases
Thu, 22 Jun 2017 14:36:22 GMT
The European Central Bank will decide to wind down its government bond purchases based on inflation even if the spreads for any country would rise as a consequence, ECB Executive Board member Peter Praet said. "As a central bank, we conduct monetary policy for the whole of the euro area," Praet, who is also the ECB chief economist, said in an interview to the German magazine Der Spiegel.
U.S. Leading Economic Index Rises In Line With Estimates In May
Thu, 22 Jun 2017 14:16:11 GMT
Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.
U.S. Weekly Jobless Claims Inch Slightly Higher To 241,000
Thu, 22 Jun 2017 12:53:22 GMT
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.
Oil, data in the spotlight on Wall Street
Thu, 22 Jun 2017 12:41:00 GMT
U.S. futures pointed to slightly higher open, as investors geared up for a cluster of data releases.
Norges Bank Sheds Downward Bias
Thu, 22 Jun 2017 12:39:29 GMT
Norway's central bank unanimously decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session and abandoned its downward bias for the rate path. The Executive Board of the Norges Bank voted to hold the key policy rate at 0.50 percent, in line with economists' expectations. The previous change in the rate was a quarter-point reduction in March 2016.
ECB Says Eurozone Solid Growth Pace To Continue In Q2
Thu, 22 Jun 2017 11:28:24 GMT
Eurozone's solid growth momentum is set to continue in the second quarter, mainly driven by domestic demand, and there are signs of a build-up of pipeline inflationary pressures, the European Central Bank said in its latest economic bulletin released on Thursday.
European Economics Preview: France Manufacturing Sentiment Data Due
Thu, 22 Jun 2017 05:10:42 GMT
Manufacturing confidence from France is due on Thursday, headlining a light day for the European economic news.
Citi Private Bank turns bullish on emerging markets as 2017 unfolds a bit differently
Thu, 22 Jun 2017 03:33:00 GMT
Global markets started 2017 fearing U.S. and Europe, but neither of those has turned out to be damaging thus far, Citi Private Bank said.
RBNZ Maintains Official Cash Rate At 1.75%
Wed, 21 Jun 2017 22:30:14 GMT
The Reserve Bank of New Zealand on Thursday kept its Official Cash Rate unchanged at the record low of 1.75 percent for the fourth straight meeting.
S&P closes lower after oil drops more than 2% again
Wed, 21 Jun 2017 20:16:00 GMT
U.S. stocks traded mostly lower on Wednesday as oil prices failed to rebound from a sharp fall during the previous session.
Commodities tomorrow: Libyans ramp up, Nigerians export more crude
Wed, 21 Jun 2017 19:53:00 GMT
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Pound jumps after Bank of England's Haldane speech, commodity currencies dip
Wed, 21 Jun 2017 17:04:00 GMT
Commodity-linked currencies such as the Canadian dollar and Norwegian crown took a hit on declining oil prices.
Pound jumps after Bank of England's Haldane speech, commodity currencies dip
Wed, 21 Jun 2017 15:32:00 GMT
An influential Federal Reserve official said U.S. inflation would pick up as wages improved.
U.S. Existing Home Sales Unexpectedly Rebound 1.1% In May
Wed, 21 Jun 2017 14:26:09 GMT
After reporting a notable decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing an unexpected rebound in existing home sales in the month of May. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.62 million.
BoE's Haldane Set To Favor Rate Hike This Year
Wed, 21 Jun 2017 12:35:53 GMT
Bank of England Chief Economist Andrew Haldane said he considered the case for a rate hike at the June monetary policy meeting. However, he voted to maintain the bank rate citing still few signs of higher wage growth despite upward pressure on inflation and chances of a sharper than expected slowing in the economy.
US stock futures slip as oil takes center stage on Wall Street
Wed, 21 Jun 2017 11:49:00 GMT
U.S. stock index futures pointed to a mixed open on Wednesday, with investors keeping a close eye on moves in the oil market.
ECB Says Existing Risks To Global Growth Eased, New Emerged
Wed, 21 Jun 2017 11:48:15 GMT
Existing risks to global growth such as an abrupt tightening of financial conditions likely eased over the past year, thanks to careful communication by the US Federal Reserve, but new threats have emerged due to high policy uncertainty surrounding the fiscal and trade plans of the Trump administration, the European Central Bank said Wednesday.
UK May Budget Deficit Lowest Since 2007
Wed, 21 Jun 2017 11:45:55 GMT
Britain's budget deficit reached the lowest for the month of May since 2007 on higher tax receipts, figures from the Office for National Statistics showed Wednesday. Public sector net borrowing excluding public sector banks decreased by GBP 0.3 billion from the previous year to GBP 6.7 billion. This was the lowest borrowing for May since 2007.
Pound Slides Ahead Of Queen's Speech
Wed, 21 Jun 2017 10:33:22 GMT
The British pound weakened against other major currencies in the European session on Wednesday, as investors awaited the Queen's speech expected to set out the government's agenda for the next session of parliament.
Commodity Currencies Fall As Most Asian Markets Traded Lower
Wed, 21 Jun 2017 06:28:24 GMT
Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Wednesday, as most Asian stock markets traded lower tracking the weak cues overnight from Wall Street after crude oil futures tumbled into negative territory. Weak earnings outlook from local companies also dented investor sentiment.
Feed Fetched by RSS Dog.