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US central bank

Gold reclaims $1,800 level in Europe

Gold reclaims $1,800 level in Europe

AMSTERDAM/LONDON: Gold prices bounced past the key $1,800 level on Tuesday as US bond yields held near a two-week...
Published 07 Jul, 2021 04:28am
Dollar dips after Fed rally, Bitcoin slumps
Markets

Dollar dips after Fed rally, Bitcoin slumps

  • The dollar index against a basket of currencies was last down 0.26% on the day at 92.013. The euro gained 0.27% to $1.1901 and the greenback gained 0.05% to 110.30 Japanese yen.
  • The British pound gained 0.69% to $1.3885.
Published 21 Jun, 2021 08:33pm
European shares slip
Markets

European shares slip

AMSTERDAM/LONDON: European shares fell from record highs on Thursday, tracking declines on Wall Street after the...
Published 18 Jun, 2021 04:16am
Yields rise from three-month lows before Fed meeting
Business & Finance

Yields rise from three-month lows before Fed meeting

  • The Fed is not expected to announce any plans to pare its bond purchases until its August Jackson Hole economic symposium, though it may start dropping hints that it has started to talk about a taper.
  • "This rally in rates seems very counterintuitive. I still haven't found a very strong case besides perhaps the offset of positioning, people are getting out of trades ahead of the FOMC," Rajappa said.
Published 14 Jun, 2021 07:29pm
Tokyo stocks open lower extending US falls
Markets

Tokyo stocks open lower extending US falls

  • Takeda Pharmaceutical was up 0.16 percent at 3,774 yen after reports said Japanese authorities will likely this week approve the use of Moderna Covid-19 vaccines, which the Japanese firm will import.
Published 20 May, 2021 10:08am
Gold surges in Europe
Markets

Gold surges in Europe

AMSTERDAM/LONDON: Gold prices hit a three-month high on Monday after last week’s miss on the US jobs growth ...
Published 11 May, 2021 04:39am
Yields erase earlier rise to be little changed before Fed meeting statement
Markets

Yields erase earlier rise to be little changed before Fed meeting statement

  • Business reopenings from COVID-19-related shutdowns have accelerated this month, and investors are also pricing for higher inflation as fiscal spending increases.
  • "With the reopening process, it seems to have hit a higher gear in April," said Tom Simons, a money market economist at Jefferies in New York.
Published 28 Apr, 2021 08:31pm
Stocks dip on caution before Fed, earnings
Markets

Stocks dip on caution before Fed, earnings

  • World shares down 0.2%.
  • US indices lower in early trading.
  • Fed meeting, tech earnings in focus.
  • Copper prices climb towards record.
  • Dollar steadies, up from multi-week lows.
Published 27 Apr, 2021 07:55pm
Dollar drops to three-week lows after inflation data
Markets

Dollar drops to three-week lows after inflation data

  • The consumer price index jumped 0.6% last month, the largest gain since August 2012, after rising 0.4% in February, the Labor Department said on Tuesday. Excluding the volatile food and energy components, the CPI rose 0.3%. The so-called core CPI nudged up 0.1% in February.
  • The dollar briefly spiked on the data, before reversing course and dipping to three-week lows. Treasury yields also fell after the data.
Published 13 Apr, 2021 08:38pm
US yields slide after jobless claims, but massive supply looms
Markets

US yields slide after jobless claims, but massive supply looms

  • "Falling incidence of the coronavirus will lower initial claims," said Stan Shipley, fixed income strategist, at Evecore ISI in New York. He added that overall the data showed the "labor market is continuing to heal and should be neutral for Treasury yields."
  • In midmorning trading, the US 10-year Treasury yield was down at 1.64% from 1.654% on Wednesday.
Published 08 Apr, 2021 08:22pm
Gold prices climb in NY
Markets

Gold prices climb in NY

NEW YORK: Gold prices rose about 1% on Tuesday and hit the highest in more than a week, boosted by as a retreating...
Published 07 Apr, 2021 03:48am
Fed to support economy until recovery 'well and truly done,' Clarida says
World

Fed to support economy until recovery 'well and truly done,' Clarida says

  • It will take some time for economic activity and employment to return to levels that prevailed at the business cycle peak reached last February. We are committed to using our full range of tools to support the economy until the job is well and truly done.
  • The Fed now sees the US unemployment rate falling to 3.5%, roughly where it was before the pandemic, by the end of 2023.
Published 25 Mar, 2021 07:54pm
US MIDDAY: Gold dips
Markets

US MIDDAY: Gold dips

NEW YORK: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of...
Published 24 Mar, 2021 05:10am