Wall Street rises modestly following Yellen speech

Wall Street rises modestly following Yellen speech

globalMarketsNews
(Reuters) - U.S. stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech. Interest-rate sensitive sectors such as telecommunications .SPLRCL, up 0.8 percent, and utilities .SPLRCU, up 0.3 percent, rose as Yellen’s speech did not comment on the path of interest rate hikes for the central bank, which sent U.S. Treasury yields lower. “The worry still remains about the 10-year (benchmark Treasury note) rate, still below 2.2 percent,” said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago. “That is kind of a concern and it doesn’t surprise me you are starting to see stocks hang in there only because everybody is searching for yield.” Yellen’s speech at the annual meeting of central bankers in…
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Wall Street little changed as focus shifts to Jackson Hole

Wall Street little changed as focus shifts to Jackson Hole

globalMarketsNews
(Reuters) - U.S. stocks struggled for direction late on Thursday morning, as investors remained cautious ahead of the kickoff of the annual gathering of central bankers at Jackson Hole, Wyoming. Speeches from Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi on Friday will be scrutinized for hints on the path of monetary policy, but neither of them are expected to give fresh guidance. The central bankers' views will be a change from the past two weeks, when the stock market was roiled by concerns over geopolitics, mayhem in Washington, and President Donald Trump's controversial comments. Trump on Wednesday threatened to shut down the government if funds were not secured to build a Mexico border wall, comments that came as a late-September deadline looms for U.S. officials…
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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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Wall Street gains as investors pick beaten-down stocks

Wall Street gains as investors pick beaten-down stocks

globalMarketsNews, marketsNews
(Reuters) - U.S. stocks opened higher on Tuesday, with the Dow gaining more than 100 points, as investors went bargain hunting following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week. The S&P has tumbled 2.1 percent in the last two weeks, the biggest such drop since the U.S. presidential election, on concerns over President Donald Trump's ability to legislate his pro-growth agenda. Still, the index is up about 14 percent since the election. The central banking conference in Jackson Hole, Wyoming, starts Thursday, with Federal Reserve Chair Janet Yellen's speech on Friday of key interest to market participants. The speech will be closely watched for a steer on U.S. monetary policy, especially given the persistently low inflation rate, but central bank…
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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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Global stocks sell off, dollar gains as possible Fed hike weighed

Global stocks sell off, dollar gains as possible Fed hike weighed

globalMarketsNews, In the News, Market Trends
Stocks around the world sold off on Thursday, while the U.S. dollar gained, pressuring oil prices, as increased expectations that the Federal Reserve could raise interest rates in the near term rippled through financial markets. Investors were adjusting to the minutes of the Fed April meeting, released on Wednesday, in which the U.S. central bank opened the door to a rate hike in June. Speaking on Thursday, New York Fed President William Dudley said the Fed is on track for a U.S. rate hike in June or July. "June is definitely a live meeting depending on how the data evolves," Dudley said. Traders were projecting a 26-percent chance the Fed would raise rates in June, according to the CME FedWatch tool, nearly twice as high as they expected on Tuesday.…
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