04302016Sat
Last update: Sat, 30 Apr 2016 08am

Americas

Markets - Equity - Americas

Interest rate optimism pushes Wall Street higher U.S. stocks pushed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes.MetLife and other financial stocks led the market higher while the S&P energy sector was down marginally after crude prices retreated from their day's highs after a report showed a weekly build in U.S. crude inventories.Yellen said on Tuesday the U.S. central bank should proceed cautiously as it looks to raise interest rates. On Wednesday, her comments were echoed by Chicago Fed President Charles Evans, who said there was a high hurdle to raising rates in April, given low inflation.Those comments soothed investors worried about a slow global economy, a strong dollar, volatile oil prices and lackluster top-line growth at U.S. companies."The market's best friend continues to be the Fed and central banks around the world," said Jeff Carbone, ...

Markets - Equity - Americas

Fund liquidation takes down CME live cattle futures CHICAGO: Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said.April live cattle ended 2.500 cents per lb lower at 132.350 cents, and June closed 2.450 cents lower at 123.075. Both contracts settled below their respective 100-day moving averages of 133.78 and 124.26 cents."We (futures) had a huge long fund position, so we broke through support on the ...

Markets - Equity - Americas

Yellen comments fuel further climb in stocks NEW YORK: U.S. stocks plowed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes.The Dow Jones industrial average rose 83.55 points, or 0.47 percent, to 17,716.66, the S&P 500 gained 8.95 points, or 0.44 percent, to 2,063.96 and the Nasdaq Composite added 22.67 points, or 0.47 percent, to 4,869.29.Copyright Reuters, 2016 ...

Markets - Equity - Americas

Stocks rally as rate fears abate; dollar eases NEW YORK: An index of global stocks on Wednesday charged to its highest point since the start of the year, while the dollar weakened, as easing concerns about rising interest rates led investors into riskier assets. Oil prices climbed, as commodities denominated in dollars became more attractive to users of other currencies. US Treasury prices fell with benchmark yields rising from four-week lows amid selling in safe-haven bonds. Federal Reserve Chair Janet Yellen said on ...

Markets - Equity - Americas

Dovish Yellen lifts US stocks as dollar tumbles vs euro NEW YORK: US stocks rallied and the dollar tumbled Tuesday after Federal Reserve Chair Janet Yellen offered a more dovish outlook than expected on monetary policy.The big moves in US assets followed a choppy day in overseas equity markets, as investors from Hong Kong to Paris awaited the US central bank chief's first public remarks since the Fed March policy meeting. At the European close, Paris gained 0.9 percent and Frankfurt 0.4 percent in the ...

Markets - Equity - Americas

Traders see late 2016 U.S. rate hike after Yellen NEW YORK: U.S. federal funds futures rose on Tuesday, implying traders now expect the Federal Reserve will not raise interest rates until late 2016 following Fed Chair Janet Yellen's remarks that the U.S. central bank would proceed "cautiously" with rate increases.Her speech contrasted with recent comments from some top Fed policymakers who said the U.S. economy is growing enough to warrant further rate increases later this year despite global risks on the U.S. economic expansion."Given ...

Markets - Equity - Americas

Stocks, dollar drift ahead of Yellen speech; oil drops NEW YORK: Crude oil prices continued to fall on Tuesday as oversupply fears resurfaced, while stocks and the US dollar were little changed ahead of a widely anticipated speech by Federal Reserve Chair Janet Yellen. Yellen, due to speak at the Economic Club of New York at 12:20 p.m. EDT (1620 GMT), may offer hints on the central bank's latest thinking weeks after the Fed forecast two further interest-rate hikes this year, down from a ...