RBA Too Early to be Confident over Consumer Spending
The RBA minutes of the August meeting contained little news, in particular after release of the quarterly Statement of Monetary Policy two weeks ago and Governor Philip Lowe’s parliamentary testimony last week. The minutes reiterated confidence over domestic economic development,...
Dollar Sold Off on Trump’s Personal Attack on Fed Chair Powell
Dollar weakens broadly overnight on Trump’s attack on Fed’s policy. It started after Bloomberg reported that Trump lamented Fed chair Jerome Powell for not being the “cheap-money” chair he expected. Then Trump reiterated his comments that he’s “not thrilled” with...
Stocks making the biggest moves after hours: FN, HTZ and more
Check out the companies making headlines after the bell: Fabrinet shares surged more than 6 percent after the bell on the back of stronger-than-expected earnings. The electronics manufacturer posted quarterly earnings per share of 81 cents versus a Reuters estimate...
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