Post-Fed trades fade as United States stocks, bonds retreat
Post-Fed trades fade as United States stocks, bonds retreat
UPDATE: Two-year Treasury yield posts highest close since 2009 ahead of Fed meeting
17 March, 2017, 01:30
The Canadian dollar declined against its US counterpart on Friday from an earlier fresh two-week high against its USA counterpart as a rally triggered by the Federal Reserve's outlook for interest rate hikes faded. The index closed 0.3 percent higher Monday.
"While such patience (counseled by the IEA) may indeed benefit longer-term investors it may not be much help for money managers facing year-to-date losses on long positions, whether longer-term holdings benchmarked to the December 30 Brent closing price of $56.82 or purchased over the long period of range trading over the first ten weeks of the year". The dollar fell 0.5 percent against a basket of key currencies, adding to Wednesday's steep slide after the Fed's decision.
London scored slender gains as official data showed the unemployment rate had struck a 41-year low, but Frankfurt and Paris wiped out their opening gains.
Oil prices rebounded on Wednesday, lifted by a surprise drawdown in US inventories and data from the International Energy Agency suggested OPEC cuts should create a crude deficit in the first half of 2017.
"Lower rates, higher equities and a lower dollar all point to this being interpreted as more dovish than what was expected", said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. Oil topped $49 a barrel. The Canadian dollar was last trading at C$1.3315 to the greenback, or 74.92 USA cents, weaker than Wednesday's close of C$1.3307, or 75.15 US cents.
"So even if we saw yesterday a reaction lowering the dollar on the back of unchanged forward guidance, the market still regards the dollar as a buy on dips as the outlook for the U.S.is actually ahead of other economies". European shares rose after the Dutch election eased concerns about the rise of populism.
Racing 92 and Stade Francais to merge from next season
Pascal Pape, one of the most senior players in the team announced that the team are to go on strike as a result of the move. Due to play this weekend against Castres, it looks like Stade will not fulfill the fixture as a result of the strike.
Energy shares and defensive sectors such as utilities and real estate led gains. The yield on 10-year Treasury notes tumbled below 2.5 percent while gold and oil climbed.
The US currency was undermined by a lower expected Fed trajectory for raising interest rates as markets had been looking for a more hawkish tone.
Oil prices rebounded, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency suggested Opec cuts should create a crude deficit in the first half of 2017. The price is still almost $7 below January's post-deal peak of $58.37.
With a Fed rate increase seen as a done deal, investor focus is shifting to what message the U.S. central bank will deliver after its meeting on Wednesday.
Spot gold gained 0.7 percent at $1,227.43 an ounce by 3:03 p.m. EDT (1903 GMT), after touching $1,233.13, the highest since March 6.
U.S. Gold futures was up 2% at $1225 per ounce, before Federal Reserve's statement was announced on Wednesday.
After six years of war, almost six million children now depend on humanitarian assistance, a twelve-fold increase from 2012. UNICEF noted that it can not assess the "full scale of children's suffering" due to limited access to parts of Syria.
Thursday can bring a Limited Ice Accumulation Risk, with continued hazardous conditions for Small Craft through Sunday. But because lake-effect bands are only about 10 to 15 miles wide, snow totals can greatly vary over short distances.
The Twitter accounts hijacked included those of the European Parliament and the personal profile of French politician Alain Juppe. It appears the breach happened after hackers gained access to a third-party Twitter application called Twitter Counter .
Of an estimated 125,000 transgender Texans, only about 500 have changed the sex listed on their birth certificates, Garcia said. The Texas Association of Business released an open letter Tuesday, revising the negative economic impact this bill would have.
His wife Martina and three young children are believed to have travelled to the site of the search and rescue mission in Blacksod. Gerard O'Flynn, a spokesperson for the Coast Guard, confirmed her death to reporters at Blacksod in Mayo this afternoon.
He previously said that the "patriotic revolution" would continue to take place, and "the genie will not go back into the bottle". That's because 28 parties are participating in the election, and no one party is expected to win the majority of seats.
The Proteas should field an unchanged line-up on a Basin Reserve wicket which isn't expected to offer any surprises. Du Plessis admitted the squeeze will be on Broom, a veteran batsman but one feeling his way into test cricket.
Although Colombia put the Dominicans on the edge of their seats, they rallied under the extra-inning rules to win 10-3. Ricky Nolasco went four innings in the start for the Angels, giving up four hits and allowing three earned runs.
Nearby Fort McKay First Nation urged residents to remain indoors and keep their windows and doors closed due to prevailing winds. A fire at Syncrude Canada's Mildred Lake facility was caused by a line failure that allowed a liquid hydrocarbon to leak.
They allegedly targeted Yahoo accounts of Russian and USA government officials, as well as Russian journalists. Belan escaped arrest in Europe by fleeing to Russian Federation before he could extradited, the report says.
March Madness: 5 can't-miss games to watch on Day 1
Brey's crew made only one of its final 10 field-goal attempts (a Colson layup at 2:07 to push Notre Dame ahead by three). The Republican has been friends with Notre Dame coach Mike Brey since he worked at the University of Delaware.
Tillerson shuns all but conservative website on Asia tour
Last week, the State Department officially offered McPike an opportunity to cover the secretary's upcoming trip to Asia. Either circumstances will remain the same, and the press will still have limited access to Tillerson when he travels.
A Carnival Cruise Ship Almost Hit Some Jet Skiers
While attempting to get back on board, the panicked vacationer accidentally flipped the jet ski over completely. The incident occurred Saturday as the Carnival Magic was departing Port Canaveral harbor.
Finally, Pandora's introducing an on-demand streaming service
Therefore, Pandora Premium has a big challenge to get subscribers and build critical mass amidst two very strong competitors. Premium is available now for iOS and Android, in the vehicle via Apple CarPlay and Android Auto and on Google Chromecast.
SNL Weekend Update expands with 30-minute weekly telecast
" Saturday Night Live " may just have found the secret to finally winning an Emmy this year after a 24-year drought. In the 2009-2010 season, they were supposed to air six primetime episodes as well, but only ended up showing three.