Parsec Financial Management Inc. Boosts Position in Wells Fargo & Company
Dougherty & Co Reiterates "Neutral" Rating for Fitbit, Inc. (FIT)
Google to use balloons to provide Puerto Rico mobile phone service
Energy East pipeline cancelled
UPS, FedEx down on report of Amazon's own delivery service
Asia stocks edge lower, focus turns to China markets after ratings cut
23 September 2017, 12:33 | Cedric Leonard
Nikkei probes more than 2-year highs as yen eases, Apple suppliers fall
Yellen says she expects growth to rebound as the rebuilding process takes hold. It has also trimmed its inflation forecast.
The index that measures the greenback against a basket of six major currencies was 0.07 percent lower at 91.732 and not far from the 2-1/2-year low struck on September 8.
Meanwhile, the Bank of Japan will be on the radar as the central bank begins a two-day meeting. Wells Fargo added 74 cents, or 1.4 percent, to $53.45.
The treasury yield curve shifted upwards as a result, with the 10-year treasury yield climbing from 2.24% to 2.27%.
Signals the Federal Reserve will hike U.S. interest rates again this year and begin the "Great Unwinding" of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.
Bond prices fell, sending yields higher. Markets are also waiting for any hints of a rate hike in December.
The balance sheet primarily consists of government and mortgage-backed bonds. The Fed's balance sheet reduction could worsen that. The U.S. central bank intends to spend $10 billion less on bonds beginning next month, a figure that will eventually reach $50 billion a month in October 2018. Wellington slipped 0.3 percent but Taipei was up 0.6 percent. The Fed views the job market as strengthening, but it notes that inflation is running below its 2 percent annual target.
"Yes, the Fed has just told us they are going to continue tightening policy, but the likes of the European Central Bank, the Bank of Canada and even the Bank of England now have also told us that they are going to start normalizing policy", said Nelson.
|By Sinead Carew
Tokyo was following Wall Street higher, as U.S. stocks logged fresh records in advance of this week's meeting of the Federal Reserve, which is expected to announce a drawdown of its massive bond holdings. I doubt that's what happens though, and I think that most of the market feels the same way.
The Federal Reserve is leaving interest rates alone to give the economy room to keep growing. Johnson Controls rose 3 percent and American Airlines rose 2.3 percent.
Broad declines were reported in consumer staples, utilities and information technology shares.
The large-cap S&P 500Index (NYSEARCA:SPY) rose 0.1% to close at 2,508.24, its fourth straight record close.
THE FED: Investors have their eye on the Federal Reserve, which was holding a two-day meeting of its policymakers.
Expectations for the Fed to raise interest rates in December have risen since. It is conceivable, however, that in the near future, the Fed could be forced to cram more rate hikes in a shorter time frame-something it wants to avoid.
Unigestion investment manager Olivier Marciot, approved of the clarity in the Fed's meeting minutes: "As expected, the Fed left rates unchanged tonight but finally provided clearer details on how it will start unwinding its huge balance sheet".
The cause of the spike in the United States dollars was arguably the fact that the dot plot or perceived course of hikes from the Fed continued to expect one hike this year and three next year.
Pakistan look to seal Independence Cup against World XI
The World XI opened their chase strongly, with a 47-run opening partnership between Bangladesh's Tamim Iqbal and Amla. But Perera took charge in the last five overs as he cut loose against Pakistan seamers Shoaib Malik and Rumman Raees.
Manchester United 3-0 FC Basel: Player ratings
Only Liverpool (5) have won more European Cup/Champions League titles than Manchester Utd (3) among English clubs . Manchester United will open Champions League action against FC Basel at Old Trafford .
Lady Gaga chased her pain for five years
Walsh said she took nine months off before going back to work. "Get well soon gaga , love you", wrote one. Last Tuesday, the singer posted a Tweet that she was struggling with her pain condition.
Malware Hits PC Cleanup Tool CCleaner
The attacker added malware to the 32-bit versions of CCleaner 5.33.6162 and CCleaner Cloud 1.07.3191. The maliciously modified version of the tool was available for download until September 12.
KINGSMAN: THE GOLDEN CIRCLE is a Fun But Safer Sequel
Agent Tequila does not seem impressed by their fine suits or fancy specs, though, saying, "Let me see if I got it right here". There's lots of CGI, more stars and extreme character makeovers, and an expanded running time to accommodate all of it.
Trump Mocks Clinton In Another Early-Morning Twitter Tirade
It comes as Mrs Clinton has released her latest book, " What Happened ", which tackles the 2016 USA presidential election . Trump retweeted a slew of other images on Sunday depicting the influence of his "Make America Great Again" agenda.
Equifax Hacked Because of Incompetent Security Chief
Equifax is now at the center of several investigations into how the breach occurred and what took so long to disclose it. However, the vulnerability could have been fixed back in early March when patches became available.