Sterling Mildly Higher after Brexit Extension, Dollar Mixed after FOMC Minutes
Sterling is given a mild lift after EU grants UK Article 50 delay till October 31. Even though it’s still uncertain how Prime Minister Theresa May could get the Withdrawal Agreement through the parliament, the cliff-edge is at least pushed...
Market Morning Briefing: Euro-Yen Saw A Narrow Trade
STOCKS Global equities broadly looks weak in the near term. The Dow and DAX have key resistances ahead and looks vulnerable for a fall in the near term. India’s Sensex and Nifty retains their sideways range but can break the...
Fed Minutes Show Increasing Comfort with Patience
The minutes from the FOMC’s March 19-20 meeting showed Fed members’ increasing comfort with their patient approach to monetary policy. This is justified by an outlook for economic growth that is slowing to a rate close to estimates of longer-run...
ECB Confirm Wariness, Deposit Rate Debate In Early Stages
The April ECB meeting was a quiet one. Given that it occurred only 35 days after the March meeting, when a significant dovish shift took place, very few had high expectations for an exciting April ECB meeting (a non-projection meeting)....
After-hours buzz: Bed Bath & Beyond, Costco & more
Check out the companies making headlines after the bell: Shares of Bed Bath & Beyond initially jumped before reversing to trade 6% lower after hours Wednesday following the release of the retailer’s mixed fourth quarter earnings. Bed Bath & Beyond...
Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation
Vice President Mike Pence said that despite his bullish view of the state of the economy, he backs the president’s calls for further rate cuts from the Federal Reserve. The comments came in response to a question from CNBC’s Joe...
Herman Cain’s Fed board bid is in danger as three GOP senators plan to vote against Trump’s pick
Herman Cain Julie Dermansky | Corbis News | Getty Images Herman Cain’s path to the Federal Reserve Board could get blocked before President Donald Trump even nominates him. At least three GOP senators plan to vote against the former Godfather’s...
British Pound Gains Ground Higher as GDP Matches Forecast
GBP/USD has moved higher in the Wednesday session. In North American trade, GBP/USD is trading at 1.3085, up 0.26% on the day. On the release front, the monthly GDP release posted slight gain of 0.2%, matching the estimate. There was...
Aussie Looks to China’s Inflation and Trade Figures
Chinese inflation and trade data for March will hit the markets early on Thursday and Friday respectively. Expectations are for a rebound in all these figures, something that could allay some concerns around a further slowdown in the world’s second-largest...
Stocks making the biggest moves midday: Under Armour, Tesla, Lyft, First Solar & more
Check out the companies making headlines midday Wednesday: Under Armour — Shares of Under Armour rose more than 2% after Citi upgraded its rating on the athletic apparel maker to buy from neutral, saying Under Armour is “growing up” with...
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