Tuesday, March 21, 2023
British Herald
Advertisement
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
Home Finance

Dollar, U.S. yields slide on Fed official rate talk

Editorial Bureau by Editorial Bureau
November 17, 2018
0
Dollar, U.S. yields slide on Fed official rate talk

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

NEW YORK (Reuters) – The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.

You might also like

Greater control for taxpayers using repayment agents

About 250,000 children to receive $200 Child Development Account

Personal finance for young adults: An introduction to cryptocurrencies

Oil prices steadied but still posted their sixth straight week of losses. Uncertainty over Britain’s exit from the European Union clouded currency and other markets.

Markets were shaken by comments made by Richard Clarida, newly appointed Fed vice chair, in a CNBC interview that U.S. interest rates were nearing Fed estimates of a neutral rate, and being at neutral “makes sense.”

He also said there was “some evidence of global slowing.”

While the Fed is widely expected to raise rates in December, the number of hikes next year is a matter of debate.

“The big driver right now is Fed speech,” said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia. “Clarida indicated a modestly dovish bent on Fed policy, and not a particularly aggressive stance.”

On Wall Street, the Dow Jones Industrial Average  rose 123.95 points, or 0.49 percent, to 25,413.22, the S&P 500 gained 5.94 points, or 0.22 percent, to 2,736.14 and the Nasdaq Compositedropped 11.16 points, or 0.15 percent, to 7,247.87.

Clarida’s comments helped support stocks, which were also boosted by comments from President Donald Trump on trade.

Trump said he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions.

“The market is paying attention very closely to anything surrounding trade,” said Veronica Willis, investment strategy analyst at Wells Fargo Investment Institute in St. Louis. “(A trade deal) would boost expectations for global growth, which would ultimately be good for stocks.”

Investors are pointing toward the G20 meeting later this month, when leaders from the United States and China are expected to meet, and the Fed’s meeting in December as key events for markets.

Weighing on equity sentiment and the Nasdaq was a disappointing forecast by chip company Nvidia Corp . Nvidia shares tumbled 18.8 percent while the Philadelphia semiconductor index fell 1.2 percent.

MSCI’s gauge of stocks across the globe gained 0.35 percent.

The pan-European STOXX 600 index <.STOXX> lost 0.20 percent as traders waited on more clarity involving Britain’s exit from the EU, known as Brexit.

British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government as she fought to save a draft EU divorce deal that has stirred up a plot to force her out of her job.

After tumbling a day earlier, sterling was last trading at $1.2825, up 0.40 percent, while the euro  was up 0.78 percent to $1.1414.

“Sterling volatility has woken up from its 100-year slumber and is likely to remain reactive,” said Ulrich Leuchtmannan, FX strategist at Commerzbank.

The dollar index <.DXY>, which measures the greenback against a basket of currencies, fell 0.49 percent.

Benchmark 10-year notes last rose 12/32 in price to yield 3.0738 percent, from 3.118 percent late on Thursday.

U.S. crude <CLcv1> settled unchanged at $56.46 a barrel, and Brent <LCOcv1> settled at $66.76 a barrel, up 0.21 percent.

(Additional reporting by Richard Leong, April Joyner and Gertrude Chavez-Dreyfuss in New York, Tom Finn and Tommy Wilkes in London; Editing by Phil Berlowitz, Bernadette Baum and Sonya Hepinstall)

Share30Tweet19
Editorial Bureau

Editorial Bureau

Recommended For You

Greater control for taxpayers using repayment agents

January 11, 2023
Greater control for taxpayers using repayment agents

HM Revenue and Customs (HMRC) is changing the way taxpayers who use a repayment agent can receive overpaid tax to protect them and raise standards among repayment agents....

Read more

About 250,000 children to receive $200 Child Development Account

December 27, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more

Personal finance for young adults: An introduction to cryptocurrencies

December 26, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more

Spain counts cost of agribusiness in rising desertification

December 20, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more

Bargain Hunters Drive China Tech Rebound Amid Regulatory Risk

December 19, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more
No Result
View All Result
Covid - 19 Virus

COVID-19 cases in Russia increased by 9,373 – reports

March 21, 2023
Markets rebound ahead of Federal reserve decision

Markets rebound ahead of Federal reserve decision on hike interest rate

March 21, 2023
Kylian Mbappé is the new captain of the French national team

Mbappe to be named new France Captain after Hugo Lloris step down

March 21, 2023

Tags

amazon australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus cases coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england European Union facebook France germany Hong Kong ICC Men's T20 india iran israel italy japan joe biden lockdown London new zealand north korea Rishi Sunak russia south korea spain T20 T20 World Cup taiwan thailand Trump turkey UK Ukraine usa
British Herald

Top News in World: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

CATEGORIES

  • Africa
  • Articles
  • Asia
  • Brand Feature
  • Business
  • Climate & Environment
  • Companies
  • Crypto
  • Culture and Lifestyle
  • Daily Roundup
  • Economics
  • ECONOMY
  • edel
  • Entertainment
  • Europe
  • Fashion
  • Finance
  • Financial Markets
  • Fintech
  • Health
  • IN UK 01
  • IN UK 02
  • Investing
  • Latin America
  • Market
  • Middle East
  • nsp
  • Oceania
  • Opinion
  • Pharma/BioTech
  • Politics
  • Reviews
  • Science & Technology
  • Sport
  • Sustainability
  • Tech
  • Technology
  • Travel
  • UK
  • Uncategorized
  • USA
  • Videos
  • World

BROWSE BY TAGS

amazon australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus cases coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england European Union facebook France germany Hong Kong ICC Men's T20 india iran israel italy japan joe biden lockdown London new zealand north korea Rishi Sunak russia south korea spain T20 T20 World Cup taiwan thailand Trump turkey UK Ukraine usa

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?