A busy week ahead for markets as Fed ponders rate rise
18 March, 2017, 01:39
Overall, "it's a key week for global risk appetite, the Federal Reserve Open Market Committee meeting, where a rate hike is a virtual certainty, is likely to set the tone for risky assets like stocks in the coming weeks", said Kathleen Brooks, research director at City Index, in a note. The Australian dollar was among the biggest currency gainers Wednesday as the first US rate hike of 2017 didn't alter officials' expectations that the central bank will tighten a total of three times this year.
Prices on benchmark 10-year Treasuries rose 17/32 to yield 2.533 percent, from 2.595 percent late on Tuesday.
While Fed officials signalled two more rate increases by the end of the year, Fed Chair Janet Yellen said at a news conference after the decision was announced that future rate increases would be "gradual". Investors anticipated the tightening and Treasury yields had climbed with the dollar on speculation the central bank might signal a faster pace of tightening.
The kiwi dollar fell to 69.73USc as at 8:30am in Wellington from 69.91USc late yesterday.
"It is a wait-and-see mood that is mostly prevailing in the market ahead of the Fed's decision", said Shin Kadota, senior currency strategist at Barclays in Tokyo.
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The common currency was boosted as exit polls showed the Netherlands' centre-right Prime Minister Mark Rutte roundly saw off a challenge by anti-Islam, anti-EU Geert Wilders in an election on Wednesday, alleviating concerns towards Holland opting to leave the EU.
European shares dipped on Tuesday, weighed down by bank and energy stocks, as well as uncertainty over elections in the Netherlands and a US interest rate decision.
U.S. Secretary of State Rex Tillerson travels to Japan, South Korea and China in his first visit to the region since taking office.
Trump budget goes big on border wall, short on agents
Funding for the government runs out in late April. "And so now Donald Trump wants the American taxpayers to pay for it". Building a wall - and having Mexico pay for it - was a regularly repeated campaign pledge of Trump's.
Later Thursday, President Donald Trump will make his formal 2018 budget request to Congress, although aspects of the budget proposal are already circulating.
The Dow rose half a percent, the Nasdaq Composite gained 0.7% and the S&P 500 added 0.8%.
Futures on Australia's S&P/ASX 200 Index rose 0.6 percent, while contracts on South Korea's Kospi were up 1.1%.
The Aussie was down 0.3 percent at $0.7687 following its overnight surge of 2 percent to a three-week high of $0.7720.
The dollar, which went as high as 115.195 yen earlier this week, last stood at 113.420.
The US unit bought 113.23 yen Thursday, down from Wednesday in NY and well off the levels above 115 yen touched earlier this week.
The Australian dollar held most of its 2 percent gain from Wednesday and was at 77.06 USA cents.
USA 30-year Treasury bond yields, which are sensitive to inflation expectations, were last down about 3 basis points at 3.167 percent, from 3.192 percent late Monday. Similar Australian yields fell 9 basis points to 2.83 percent.
Oil futures extended gains after climbing for the first time in a week on Wednesday on data showing a surprise drawdown in U.S. crude inventories.
A key secondary endpoint of the study narrows the list of bad patient outcomes to cardiovascular death, heart attack and stroke. The evolocumab study was funded by Amgen , the pharmaceutical company that makes the drug, which is marketed as Repatha.
Atletico Madrid won the first leg 4-2 away to Bayer Leverkusen, so their passage to the quarter-finals was never really in doubt. Bottom club City produced spirited resistance but Rush finished them off after a length-of-the-pitch counter-attack.
The messages, which were found on the teenager's Kindle Fire tablet, later led to the charges against the Oklahoma senator. Senate officials said Shortey will still receive his $38,400 annual salary as a senator and will be allowed to vote.
Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. The stock stands almost $2.01 off versus the 52-week high of $7.3 and $1.59 above the 52-week low of $3.7.
Kishida said he had conveyed Japan's views to Tillerson for consideration during the policy review, but he didn't go into details. The regime change idea may resemble past actions like the 2003 invasion of Iraq that toppled Saddam Hussein.
The official said that dozens of Somalis who survived, as well as three Yemeni traffickers, were taken to the city's prison. A Yemeni medical official in Hodeida said only 14 bodies had arrived so far, adding that women were among the dead.
The number of initial claims for unemployment insurance, a measure of new layoffs, rose by 5,801, or 151.7 percent, to 9.624. The number of unemployed increased by 797 to 4,500, while the number of employed individuals increased by 387 to 58,856.
The government "will vigorously investigate and prosecute the people behind such attacks to the fullest extent of the law". They hired Alexsey Belan and Karim Baratov, described as "criminal hackers ", to carry out the attacks.
The baby and his six siblings, four boys and two girls ranging in age from 4 to 14, were placed in the care of family members. Though no one else was found in the auto , the Illinois Department of Conservation had a boat on the lake searching the water.
Tesla raises $1.2 bln, tapping market again for funding
Especially considering that the image featured a auto that appeared to have been in the final phases of the design process. With that added to the tally, the maximum amount the company could potentially raise touches the $1.15 billion mark.
New York Giants rumors: Geno Smith signing?
Giants coach Ben McAdoo said at the NFL Scouting Combine last month that Nassib is still rehabilitating the elbow injury. With Bryce Petty and Christian Hackenberg the only arms on the roster, Smith was looking more enticing by the day.
Fans Flock to Theatre To Watch Beauty & The Beast
Alan Menken, who wrote the original songs with Howard Ashman, provided the score and wrote three new songs with Tim Rice. But with Beauty and the Beast coming out today, it seems kids prefer another princess.
Amazon brings Alexa to the iPhone
Alexa in the Amazon app supports voice-driven skills already set up in the the Alexa app or on alexa. amazon .com. That app tracks voice search activity for the Echo but doesn't have any voice interaction capability of its own.
Emily Blunt to star with husband for first time
But both loved the script for A Quiet Place so much, they made a decision to go ahead and make it together . Paramount and Platinum Dunes are handling production, and Michael Bay is among the producers.
UCL Match Report: Monaco v Manchester City 15 March 2017
Tiemoue Bakayoko scored the deciding goal 13 minutes from time with a delicious header, beating Willy Caballero at the front post. We have to admit that the German side didn't have any luck because they had several situations where they missed.
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.