World stocks steady; focus on Jackson Hole keeps market cautious

World stocks steady; focus on Jackson Hole keeps market cautious

businessNews, globalMarketsNews, marketsNews
(Reuters) - World stocks steadied on Thursday after two turbulent weeks as geopolitical worries eased in Asia and caution prevailed on the day the annual Jackson Hole gathering of central bankers gets underway. The MSCI World index .WORLDE, which fell to a five-week low on Monday, was down 0.05 percent. Gains by cyclical stocks helped Europe's benchmark STOXX 600 index inch up 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS also gained, shaking off jitters that gripped markets after U.S. President Donald Trump threatened to shut down the U.S. government and end the North American Free Trade Agreement. Trump said on Tuesday he would be willing to risk a government shutdown to secure funding for a wall along the Mexico border. Those comments came before a late-September…
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Wall Street drops on Trump’s threats of government shutdown

Wall Street drops on Trump’s threats of government shutdown

businessNews, globalMarketsNews, marketsNews
(Reuters) - U.S. stocks were lower late on Wednesday morning after President Donald Trump's warning of a government shutdown to secure funds to build the Mexico border wall added to nerves as the deadline to the raise the U.S. debt ceiling looms. Lawmakers face a late-September deadline to raise the debt ceiling or risk a default, and Trump's comments on Tuesday evening came hours after a lawmaker said there was "zero chance" of the ceiling not being raised. Fitch Ratings said on Wednesday a failure by U.S. officials to raise the ceiling in a timely manner would prompt it to review its rating on U.S. sovereign debt, "with potentially negative implications." "Trump saying he would be willing to shut down the government over the wall obviously doesn't really inspire much confidence…
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The essential guide to launching a successful career in trading! Updated for today’s turbulent markets!

About the Book, businessNews, globalMarketsNews, Market Trends, marketsNews
As a business, trading & investing requires constant research, knowledge, evaluation and discipline. Choosing an investment plan is extremely crucial and vital decision. But as a matter of fact, a proper investment plan should be done plan fully because it makes your future safe and secure. The best part is, you are only the sole decision maker who is going to take the own decision of their life to investment in their life. Until and unless you have the enough funds put beside as well as a secured income, you should not opt for a highest investment. But the true matter is, when you have a little income, you should always go for the investment plan on a positive note. Some of the essential things that an investor must do…
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Wall St. soars as FBI clears Clinton ahead of election

Wall St. soars as FBI clears Clinton ahead of election

businessNews, In the News, marketsNews
By Yashaswini Swamynathan U.S. stocks soared on Monday as U.S. presidential candidate Hillary Clinton's prospects got a boost a day ahead of the election after the FBI said it would not press criminal charges related to her use of a private email server. Wall Street closed lower for nine days in a row through Friday, their longest losing streak in more than 35 years and one that gained momentum after the FBI said on Oct. 28 that it was reviewing some newly found emails Clinton sent using a private server during her tenure as secretary of state. The FBI said on Sunday that it would not recommend criminal charges against Clinton, standing by its July finding that she was not guilty of criminal wrongdoing. At least three polls on Monday…
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Dow, S&P hit record highs, Nasdaq erases 2016 losses

Dow, S&P hit record highs, Nasdaq erases 2016 losses

businessNews, marketsNews
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2016. REUTERS/BRENDAN MCDERMID The S&P 500 and the Dow hit record intraday highs on Tuesday, while the Nasdaq wiped out its losses for the year, buoyed by increasing prospects of global economic health and with Alcoa getting the U.S. earnings season off to a promising start. The S&P 500 .SPX hit 2,151.96 shortly after the open, breaking past the previous record of 2,143.16 on Monday. The Dow hit an all-time high of 18,353.76. Alcoa (AA.N) reported a smaller-than-expected drop in quarterly profit, sending the aluminum producer's shares up 4.7 percent and helping boost optimism about the earnings season. Investors appetite for equities has increased after strong economic data and low returns…
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U.S. payrolls rebound in June in boost to economy

U.S. payrolls rebound in June in boost to economy

businessNews
A Chrysler Group LLC assembly worker puts together the front end of a 2014 Ram 1500 pickup truck on the assembly line at the Warren Truck Plant during a tour of the plant's redesigned work stations in Warren, Michigan, in this September 25, 2014 file photo. REUTERS/REBECCA COOK U.S. job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull, but tepid wage growth could see the Federal Reserve remaining cautious about hiking interest rates. Non-farm payrolls increased by 287,000 jobs last month, the largest gain since last October, the Labor Department said on Friday. May's payroll count was revised down to only 11,000 from the previously reported 38,000. While the unemployment rate rose two-tenths of a percentage point to 4.9…
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Wall Street drops as Disney, Macy’s lead rout in consumer stocks

Wall Street drops as Disney, Macy’s lead rout in consumer stocks

businessNews, In the News
(Reuters) - U.S. stocks fell on Wednesday as weak earnings reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector. Disney (DIS.N) shares were down 4.5 percent at $101.82 after the company posted a rare earnings miss. The stock was the biggest drag on the Dow, accounting for about 33 points of the index's 80 points fall. Department store chain Macy's (M.N) tumbled 12 percent to $32.58, while Fossil (FOSL.O) sank as much as 34 percent to a six-and-a-half year low of $26.51 after the two companies slashed their full-year forecasts. Nine of the 10 major S&P sectors were lower, led by the consumer discretionary index's .SPLRCD 1.42 percent drop. The index was on track for its biggest one-day fall in three months. The broader S&P retail index…
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Fed’s Kashkari says current U.S. interest rates ‘about right’

Fed’s Kashkari says current U.S. interest rates ‘about right’

businessNews, In the News
Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is "about right."   While a rate hike in June is "possible," Kashkari sounded happy to keep rates low for now in order to continue bringing workers who have not worked in months or years back into the labor force.   "To me, just looking at the raw data, it says we should be accommodative, and I think we have this other societal need that we should be accommodative, because if we can keep people from being lost permanently, boy that’s a real positive for society," Kashkari said in an interview in his bank's cafeteria…
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