LONDON (UK) – With investors refusing to place risky bets a day ahead of a much-awaited key speech by Federal Reserve Chairman Jerome Powell, the greenback and the euro traded cautiously on Wednesday. There is speculation that Powell could announce a softer policy stance towards inflation
SYDNEY (AUSTRALIA) – The yellow metal on Tuesday surged to record heights before the scale of its gains sparked a burst of profit taking. This, in turn, helped the dollar from two-year lows, curbing early equity gains. Gold surged $40 higher at one point to touch $1,980 an ounce. But a wave of selling slapped […]
SYDNEY (Finance) – Asian shares retreated on Thursday as a gloomy outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on speculation that yet more stimulus would be needed to ensure recovery. After a slow start, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 1.4%, likely putting […]
WASHINGTON (Finance) – The Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery. An employment report showing 2.5 million jobs were created in May surprised economists with the speed at
(U.S.) – The U.S. economy was on a strong footing before the coronavirus pandemic and Federal Reserve officials are working to help the economy rebound quickly once businesses that were shuttered because of the virus begin to reopen, two policymakers said Friday. Economic numbers could get “very ugly” in the near term because of that […]
NEW YORK (Finance) – Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge. Oil prices ended the day in negative territory after an earlier surge […]
NEW YORK (Finance) – After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. High-profile investors from BlackRock Inc to billionaire William Ackman have turned more bullish on equities in recent days, […]
(Finance) – The U.S. Federal Reserve’s balance sheet soared past $5 trillion (4.1 trillion pounds) in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic. […]
(Finance) – Investors across a broad range of asset markets breathed a sigh of relief Tuesday, a day after the Federal Reserve rolled out unprecedented measures aimed at boosting liquidity and bolstering investor confidence in the face of a spreading coronavirus pandemic. As equities ripped higher around the world, a string of investment-grade companies tapped […]
WASHINGTON (U.S) – In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central bank into the heart of the “real” American economy. Chair Jerome Powell and his colleagues, in a desperate gambit to prevent outright economic calamity